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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 23 points (-0.2%) at 13,146 as of Friday, Dec. 14, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,344 issues advancing vs. 1,517 declining with 152 unchanged.

The Real Estate industry currently sits down 0.2% versus the S&P 500, which is down 0.3%. A company within the industry that increased today was E-House China Holdings ( EJ), up 7.8%. On the negative front, top decliners within the industry include Altisource Portfolio Solutions ( ASPS), down 9.5%, Chimera Investment Corporation ( CIM), down 2.9%, LaSalle Hotel Properties ( LHO), down 1.9%, American Capital Agency ( AGNC), down 1.1% and Health Care REIT ( HCN), down 0.6%.

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

3. Newcastle Investment Corporation ( NCT) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Newcastle Investment Corporation is up $0.28 (3.3%) to $8.68 on average volume Thus far, 1.5 million shares of Newcastle Investment Corporation exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $8.47-$8.73 after having opened the day at $8.50 as compared to the previous trading day's close of $8.40.

Operates as a REIT investing in credit-sensitive real estate securities, including commercial and residential mortgage-backed securities and unsecured REIT debt, mostly rated BBB or BB, which it seeks to match with liabilities with respect to interest rates and maturities. Newcastle Investment Corporation has a market cap of $1.4 billion and is part of the financial sector. The company has a P/E ratio of 3.1, below the S&P 500 P/E ratio of 17.7. Shares are up 80.6% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Newcastle Investment Corporation a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Newcastle Investment Corporation as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. Get the full Newcastle Investment Corporation Ratings Report now.

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2. As of noon trading, Liberty Property ( LRY) is up $0.32 (0.9%) to $34.65 on light volume Thus far, 265,243 shares of Liberty Property exchanged hands as compared to its average daily volume of 747,200 shares. The stock has ranged in price between $34.33-$34.65 after having opened the day at $34.34 as compared to the previous trading day's close of $34.33.

Liberty Property Trust is a publicly owned real estate investment holding trust. Through its subsidiary, it provides leasing, property management, development, acquisition, and other tenant-related services for a portfolio of industrial and office properties. Liberty Property has a market cap of $4.1 billion and is part of the financial sector. The company has a P/E ratio of 33.3, above the S&P 500 P/E ratio of 17.7. Shares are up 11.2% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Liberty Property a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Liberty Property as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Liberty Property Ratings Report now.

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1. As of noon trading, SL Green Realty Corporation ( SLG) is up $0.44 (0.6%) to $76.00 on light volume Thus far, 118,418 shares of SL Green Realty Corporation exchanged hands as compared to its average daily volume of 698,600 shares. The stock has ranged in price between $75.46-$76.08 after having opened the day at $75.49 as compared to the previous trading day's close of $75.56.

SL Green Realty Corp. is a real estate investment trust (REIT). The firm engages in the property management, acquisitions, financing, development, construction, and leasing. It also provides tenant services to its clients. The firm invests in real estate markets of the United States. SL Green Realty Corporation has a market cap of $6.9 billion and is part of the financial sector. The company has a P/E ratio of 58.8, above the S&P 500 P/E ratio of 17.7. Shares are up 13.9% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate SL Green Realty Corporation a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates SL Green Realty Corporation as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. Get the full SL Green Realty Corporation 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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