3 Stocks Moving The Real Estate Industry Upward

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 68 points (-0.5%) at 14,443 as of Monday, March 25, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,111 issues advancing vs. 1,777 declining with 156 unchanged.

The Real Estate industry currently sits up 0.4% versus the S&P 500, which is down 0.3%. Top gainers within the industry include Nationstar Mortgage Holdings ( NSM), up 1.4%, and Brookfield Residential Properties ( BRP), up 1.4%. On the negative front, top decliners within the industry include American Capital Agency ( AGNC), down 1.2%, and Newcastle Investment Corporation ( NCT), down 1.0%.

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

3. Walter Investment Management ( WAC) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Walter Investment Management is up $0.92 (2.8%) to $33.41 on heavy volume Thus far, 732,703 shares of Walter Investment Management exchanged hands as compared to its average daily volume of 737,400 shares. The stock has ranged in price between $32.25-$33.69 after having opened the day at $32.41 as compared to the previous trading day's close of $32.49.

Walter Investment Management Corp., together with its subsidiaries, provides business services to the residential mortgage industry in the United States. Walter Investment Management has a market cap of $1.3 billion and is part of the financial sector. Currently there are 4 analysts that rate Walter Investment Management a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Walter Investment Management as a sell. Among the areas we feel are negative, one of the most important has been weak operating cash flow. Get the full Walter Investment Management Ratings Report now.

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2. As of noon trading, Chimera Investment Corporation ( CIM) is up $0.04 (1.2%) to $3.29 on light volume Thus far, 2.5 million shares of Chimera Investment Corporation exchanged hands as compared to its average daily volume of 12.2 million shares. The stock has ranged in price between $3.25-$3.29 after having opened the day at $3.26 as compared to the previous trading day's close of $3.25.

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 24.3, above the S&P 500 P/E ratio of 17.7. Shares are up 24.1% 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 4 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 increase in stock price during the past year. 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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1. As of noon trading, Digital Realty ( DLR) is up $0.51 (0.8%) to $66.41 on light volume Thus far, 380,984 shares of Digital Realty exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $66.09-$66.68 after having opened the day at $66.28 as compared to the previous trading day's close of $65.90.

Digital Realty Trust, Inc., a real estate investment trust (REIT), through its controlling interest in Digital Realty Trust, L.P., engages in the ownership, acquisition, development, redevelopment, and management of technology-related real estate. Digital Realty has a market cap of $8.3 billion and is part of the financial sector. The company has a P/E ratio of 44.5, above the S&P 500 P/E ratio of 17.7. Shares are down 2.6% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Digital Realty a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Digital Realty as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, good cash flow from operations, compelling growth in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Digital Realty 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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