3 Stocks Pushing The Real Estate Industry Higher

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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 0 points (0.0%) at 12,985 as of Thursday, Nov. 29, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,816 issues advancing vs. 1,058 declining with 142 unchanged.

The Real Estate industry currently sits up 0.5% versus the S&P 500, which is up 0.0%. Top gainers within the industry include American Express ( AXP), up 1.1%, and AvalonBay Communities ( AVB), up 0.6%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:

3. Walter Investment Management ( WAC) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Walter Investment Management is up $2.52 (6.5%) to $41.40 on average volume Thus far, 329,493 shares of Walter Investment Management exchanged hands as compared to its average daily volume of 772,700 shares. The stock has ranged in price between $39.01-$41.48 after having opened the day at $39.23 as compared to the previous trading day's close of $38.88.

Walter Investment Management Corp., together with its subsidiaries, provides business services to the residential mortgage industry in the United States. Walter Investment Management has a market cap of $1.4 billion and is part of the financial sector. The company has a P/E ratio of 134.9, above the S&P 500 P/E ratio of 17.7. Shares are up 89.6% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Walter Investment Management a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Walter Investment Management as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and impressive record of earnings per share growth. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full Walter Investment Management Ratings Report now.

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2. As of noon trading, CBRE Group ( CBG) is up $0.35 (1.9%) to $18.60 on light volume Thus far, 883,884 shares of CBRE Group exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $18.30-$18.66 after having opened the day at $18.33 as compared to the previous trading day's close of $18.25.

CBRE Group, Inc. operates as a commercial real estate services company worldwide. CBRE Group has a market cap of $5.9 billion and is part of the financial sector. The company has a P/E ratio of 26.7, above the S&P 500 P/E ratio of 17.7. Shares are up 17.7% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate CBRE Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates CBRE Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and generally higher debt management risk. Get the full CBRE Group Ratings Report now.

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1. As of noon trading, Host Hotels & Resorts ( HST) is up $0.10 (0.7%) to $14.50 on light volume Thus far, 2.1 million shares of Host Hotels & Resorts exchanged hands as compared to its average daily volume of 7.7 million shares. The stock has ranged in price between $14.46-$14.59 after having opened the day at $14.50 as compared to the previous trading day's close of $14.40.

Host Hotels & Resorts, Inc. is a publicly owned real estate investment trust (REIT). The firm primarily engages in the ownership and operation of hotel properties. It invests in the real estate markets of United States. Host Hotels & Resorts has a market cap of $10.5 billion and is part of the financial sector. The company has a P/E ratio of 483.0, above the S&P 500 P/E ratio of 17.7. Shares are down 2.5% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Host Hotels & Resorts a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Host Hotels & Resorts as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, poor profit margins and unimpressive growth in net income. Get the full Host Hotels & Resorts Ratings Report now.

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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the real estate industry could consider iShares Dow Jones US Real Estate ( IYR) while those bearish on the real estate industry could consider ProShares Short Real Estate Fund ( REK).

A reminder about TheStreet Ratings group: 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.
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