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

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%.

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

4. Public Storage ( PSA) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Public Storage is down $1.43 (-1.0%) to $140.90 on average volume Thus far, 283,227 shares of Public Storage exchanged hands as compared to its average daily volume of 682,000 shares. The stock has ranged in price between $140.70-$143.74 after having opened the day at $143.60 as compared to the previous trading day's close of $142.33.

Public Storage operates as a real estate investment trust (REIT). It engages in the acquisition, development, ownership, and operation of self-storage facilities in the United States and Europe. Public Storage has a market cap of $24.5 billion and is part of the financial sector. The company has a P/E ratio of 40.0, above the S&P 500 P/E ratio of 17.7. Shares are up 6.1% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Public Storage a buy, 3 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Public Storage as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Public Storage Ratings Report now.

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