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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 19 points (-0.1%) at 13,006 as of Monday, Dec. 3, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,239 issues advancing vs. 1,655 declining with 129 unchanged.

The Real Estate industry currently sits up 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Alexander's ( ALX), up 2.9%, Icahn ( IEP), up 1.6%, Public Storage ( PSA), up 0.8%, Ventas ( VTR), up 0.7% and Simon Property Group ( SPG), up 0.7%. On the negative front, top decliners within the industry include Granite Real Estate ( GRP), down 3.0%, and Host Hotels & Resorts ( HST), down 0.5%.

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

3. St. Joe Corporation ( JOE) is one of the companies pushing the Real Estate industry higher today. As of noon trading, St. Joe Corporation is up $0.72 (3.4%) to $22.10 on average volume Thus far, 255,990 shares of St. Joe Corporation exchanged hands as compared to its average daily volume of 448,200 shares. The stock has ranged in price between $21.14-$22.20 after having opened the day at $21.40 as compared to the previous trading day's close of $21.38.

The St. Joe Company, together with its subsidiaries, operates as a real estate development company in Florida. The company operates in four segments: Residential Real Estate, Commercial Real Estate, Rural Land Sales, and Forestry. St. Joe Corporation has a market cap of $2.0 billion and is part of the financial sector. Shares are up 48.7% year to date as of the close of trading on Friday. Currently there are no analysts that rate St. Joe Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates St. Joe Corporation as a sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity. Get the full St. Joe Corporation Ratings Report now.

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