5 Stocks Dragging 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 46 points (-0.3%) at 14,513 as of Wednesday, March 27, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,149 issues advancing vs. 1,749 declining with 144 unchanged.

The Real Estate industry currently sits up 0.1% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the industry include W. P. Carey ( WPC), down 1.1%, and Icahn ( IEP), down 1.0%. Top gainers within the industry include Walter Investment Management ( WAC), up 4.7%, American Tower ( AMT), up 1.6% and American Capital Agency ( AGNC), up 0.8%.

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

5. Alexandria Real Estate Equities ( ARE) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Alexandria Real Estate Equities is down $0.63 (-0.9%) to $70.86 on average volume Thus far, 324,030 shares of Alexandria Real Estate Equities exchanged hands as compared to its average daily volume of 435,900 shares. The stock has ranged in price between $70.20-$71.00 after having opened the day at $71.00 as compared to the previous trading day's close of $71.49.

Alexandria Real Estate Equities, Inc., a real estate investment trust (REIT), engages in the ownership, operation, management, development, acquisition, and redevelopment of properties for the life sciences industry. Alexandria Real Estate Equities has a market cap of $4.6 billion and is part of the financial sector. The company has a P/E ratio of 68.0, above the S&P 500 P/E ratio of 17.7. Shares are up 3.1% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Alexandria Real Estate Equities a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Alexandria Real Estate Equities as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full Alexandria Real Estate Equities Ratings Report now.

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