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

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 57 points (-0.4%) at 13,961 as of Wednesday, Feb. 13, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,624 issues advancing vs. 1,238 declining with 155 unchanged.

The Real Estate industry currently sits up 0.3% versus the S&P 500, which is unchanged. Top gainers within the industry include Brookfield Residential Properties ( BRP), up 6.8%, Icahn ( IEP), up 2.2%, CBRE Group ( CBG), up 1.0%, Brookfield Office Properties ( BPO), up 0.8% and Weyerhaeuser ( WY), up 0.6%.

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

3. Howard Hughes ( HHC) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Howard Hughes is up $2.48 (3.4%) to $75.19 on heavy volume Thus far, 141,437 shares of Howard Hughes exchanged hands as compared to its average daily volume of 119,200 shares. The stock has ranged in price between $72.65-$75.49 after having opened the day at $72.65 as compared to the previous trading day's close of $72.71.

The Howard Hughes Corporation is a real estate investment and development company, engaging in managing, developing, and leasing commercial, residential, and mixed-use real estate. The firm invests in retail, commercial, and industrial buildings in United States. Howard Hughes has a market cap of $2.9 billion and is part of the financial sector. Shares are down 0.8% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Howard Hughes as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Howard Hughes Ratings Report now.

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