4 Stocks Pushing The Real Estate Industry Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 9 points (-0.1%) at 12,786 as of Tuesday, Nov. 20, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,471 issues advancing vs. 1,424 declining with 128 unchanged.

The Real Estate industry currently sits up 0.2% versus the S&P 500, which is up 0.0%. A company within the industry that fell today was Public Storage ( PSA), up 0.7%. Top gainers within the industry include Realty Income Corporation ( O), up 1.1%, Weyerhaeuser ( WY), up 0.8%, Brookfield Asset Management ( BAM), up 0.7%, Host Hotels & Resorts ( HST), up 0.6% and HCP ( HCP), up 0.5%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry lower today:

4. AvalonBay Communities ( AVB) is one of the companies pushing the Real Estate industry lower today. As of noon trading, AvalonBay Communities is down $0.90 (-0.7%) to $129.07 on average volume Thus far, 335,217 shares of AvalonBay Communities exchanged hands as compared to its average daily volume of 600,700 shares. The stock has ranged in price between $128.40-$129.90 after having opened the day at $129.81 as compared to the previous trading day's close of $129.97.

AvalonBay Communities, Inc. engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States. AvalonBay Communities has a market cap of $12.6 billion and is part of the financial sector. The company has a P/E ratio of 47.6, above the S&P 500 P/E ratio of 17.7. Shares are down 0.5% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate AvalonBay Communities a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates AvalonBay Communities as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full AvalonBay Communities Ratings Report now.

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