5 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 lower today with the Dow Jones Industrial Average ( ^DJI) trading up 24 points (0.2%) at 14,421 as of Monday, March 11, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,375 issues advancing vs. 1,531 declining with 142 unchanged.

The Real Estate industry currently sits up 0.2% versus the S&P 500, which is up 0.1%. Top gainers within the industry include Howard Hughes ( HHC), up 1.9%, Host Hotels & Resorts ( HST), up 1.4%, Plum Creek Timber ( PCL), up 0.8%, General Growth Properties ( GGP), up 0.6% and Icahn ( IEP), up 0.7%. On the negative front, top decliners within the industry include National Retail Properties ( NNN), down 1.8%, Brookfield Asset Management ( BAM), down 1.7%, BRE Properties ( BRE), down 1.2% and Realty Income Corporation ( O), down 1.1%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:

5. Chimera Investment Corporation ( CIM) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Chimera Investment Corporation is up $0.08 (2.7%) to $3.18 on heavy volume Thus far, 10.0 million shares of Chimera Investment Corporation exchanged hands as compared to its average daily volume of 12.7 million shares. The stock has ranged in price between $3.12-$3.20 after having opened the day at $3.17 as compared to the previous trading day's close of $3.10.

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. Chimera Investment Corporation has a market cap of $3.2 billion and is part of the financial sector. The company has a P/E ratio of 5.6, below the S&P 500 P/E ratio of 17.7. Shares are up 20.3% year to date as of the close of trading on Friday. Currently there are no analysts that rate Chimera Investment Corporation a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Chimera Investment Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, good cash flow from operations 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 Chimera Investment Corporation Ratings Report now.

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