5 Stocks Underperforming Today In The Real Estate Industry

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 57 points (0.4%) at 14,513 as of Wednesday, March 20, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,058 issues advancing vs. 849 declining with 127 unchanged.

The Real Estate industry currently sits up 0.4% versus the S&P 500, which is up 0.5%. On the negative front, top decliners within the industry include Boston Properties ( BXP), down 0.9%, Essex Property ( ESS), down 0.7% and Realty Income Corporation ( O), down 0.4%. Top gainers within the industry include CoStar Group ( CSGP), up 1.9%, Jones Lang LaSalle ( JLL), up 1.4%, Weyerhaeuser ( WY), up 1.3%, American Tower ( AMT), up 0.8% and SL Green Realty Corporation ( SLG), up 0.7%.

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

5. Homex Development ( HXM) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Homex Development is down $0.60 (-6.0%) to $9.50 on heavy volume Thus far, 994,651 shares of Homex Development exchanged hands as compared to its average daily volume of 575,700 shares. The stock has ranged in price between $8.83-$10.30 after having opened the day at $10.28 as compared to the previous trading day's close of $10.10.

Desarrolladora Homex, S.A.B. de C.V., a vertically integrated home development company, engages in the development, construction, and sale of affordable entry-level, middle-income, and tourism housing in Mexico, as well as affordable entry-level housing in Brazil. Homex Development has a market cap of $625.1 million and is part of the financial sector. The company has a P/E ratio of 5.1, below the S&P 500 P/E ratio of 17.7. Shares are down 19.1% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Homex Development a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Homex Development as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and poor profit margins. Get the full Homex Development Ratings Report now.

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