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 up today with the Dow Jones Industrial Average ( ^DJI) trading down 3 points (0.0%) at 14,544 as of Monday, April 22, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,423 issues advancing vs. 1,490 declining with 125 unchanged.

The Real Estate industry currently sits down 0.12 versus the S&P 500, which is up 0.3%. Top gainers within the industry include Newcastle Investment Corporation ( NCT), up 2.3%, Brookfield Residential Properties ( BRP), up 1.8%, KKR Financial Holdings ( KFN), up 2.3% and Vornado Realty ( VNO), up 0.6%. On the negative front, top decliners within the industry include Annaly Capital Management ( NLY), down 1.41, CBRE Group ( CBG), down 0.84, Brookfield Asset Management ( BAM), down 0.73, SL Green Realty Corporation ( SLG), down 0.91 and AvalonBay Communities ( AVB), down 0.62.

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

5. Icahn ( IEP) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Icahn is up $0.82 (1.16) to $70.91 on light volume Thus far, 67,634 shares of Icahn exchanged hands as compared to its average daily volume of 202,500 shares. The stock has ranged in price between $69.40-$70.95 after having opened the day at $70.44 as compared to the previous trading day's close of $70.09.

Icahn Enterprises L.P. engages in the investment, automotive, gaming, railcar, food packaging, metals, real estate, and home fashion businesses in the United States and internationally. Its Investment segment provides investment advisory, and administrative and back office services. Icahn has a market cap of $7.6 billion and is part of the financial sector. The company has a P/E ratio of 18.6, above the S&P 500 P/E ratio of 17.7. Shares are up 56.4% year to date as of the close of trading on Friday.

TheStreet Ratings rates Icahn as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and disappointing return on equity. Get the full Icahn Ratings Report now.

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4. As of noon trading, W. P. Carey ( WPC) is up $0.73 (1.08) to $68.40 on light volume Thus far, 45,229 shares of W. P. Carey exchanged hands as compared to its average daily volume of 274,000 shares. The stock has ranged in price between $67.51-$68.44 after having opened the day at $67.81 as compared to the previous trading day's close of $67.67.

W. P. Carey Inc. is an independent equity real estate investment trust. The firm also provides long-term sale-leaseback and build-to-suit financing for companies. It invests in the real estate markets across the globe. W. P. Carey has a market cap of $4.6 billion and is part of the financial sector. The company has a P/E ratio of 52.3, above the S&P 500 P/E ratio of 17.7. Shares are up 29.8% year to date as of the close of trading on Friday.

TheStreet Ratings rates W. P. Carey as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full W. P. Carey Ratings Report now.

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3. As of noon trading, Redwood ( RWT) is up $0.63 (2.86) to $22.63 on average volume Thus far, 652,369 shares of Redwood exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $21.93-$22.74 after having opened the day at $22.05 as compared to the previous trading day's close of $22.00.

Redwood Trust, Inc. engages in investing, financing, and managing real estate-related assets. Redwood has a market cap of $1.8 billion and is part of the financial sector. The company has a P/E ratio of 13.8, below the S&P 500 P/E ratio of 17.7. Shares are up 30.3% year to date as of the close of trading on Friday.

TheStreet Ratings rates Redwood as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full Redwood Ratings Report now.

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2. As of noon trading, CommonWealth REIT ( CWH) is up $0.44 (1.98) to $22.61 on average volume Thus far, 1.6 million shares of CommonWealth REIT exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $22.25-$22.77 after having opened the day at $22.51 as compared to the previous trading day's close of $22.17.

CommonWealth REIT is a real estate investment trust launched and managed by Reit Management & Research LLC. The fund invests in the real estate markets of the United States. It seeks to invest in office buildings, industrial buildings, and leased industrial land. CommonWealth REIT has a market cap of $2.7 billion and is part of the financial sector. The company has a P/E ratio of 65.4, above the S&P 500 P/E ratio of 17.7. Shares are up 40.0% year to date as of the close of trading on Friday.

TheStreet Ratings rates CommonWealth REIT as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and poor profit margins. Get the full CommonWealth REIT Ratings Report now.

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1. As of noon trading, American Capital Agency ( AGNC) is up $0.55 (1.73) to $32.35 on average volume Thus far, 2.5 million shares of American Capital Agency exchanged hands as compared to its average daily volume of 6.1 million shares. The stock has ranged in price between $31.67-$32.36 after having opened the day at $31.80 as compared to the previous trading day's close of $31.80.

American Capital Agency Corp. operates as a real estate investment trust (REIT). American Capital Agency has a market cap of $12.7 billion and is part of the financial sector. The company has a P/E ratio of 7.7, below the S&P 500 P/E ratio of 17.7. Shares are up 10.5% year to date as of the close of trading on Friday.

TheStreet Ratings rates American Capital Agency as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and feeble growth in the company's earnings per share. Get the full American Capital Agency Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

If you are interested in one of these 5 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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