HIW, RHP, MAC, SLG And EQR, 5 Real Estate Stocks Pushing The Industry Lower

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 62 points (-0.4%) at 14,778 as of Wednesday, May 1, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 958 issues advancing vs. 1,966 declining with 114 unchanged.

The Real Estate industry currently sits down 0.72 versus the S&P 500, which is down 0.42. On the negative front, top decliners within the industry include Plum Creek Timber ( PCL), down 1.05, Digital Realty ( DLR), down 1.04, American Capital Agency ( AGNC), down 1.03 and Boston Properties ( BXP), down 0.85. A company within the industry that increased today was China HGS Real Estate ( HGSH), up 8.08.

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

5. Highwoods Properties ( HIW) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Highwoods Properties is down $1.34 (-3.3%) to $39.69 on average volume Thus far, 385,761 shares of Highwoods Properties exchanged hands as compared to its average daily volume of 864,600 shares. The stock has ranged in price between $39.45-$40.88 after having opened the day at $40.70 as compared to the previous trading day's close of $41.03.

Highwoods Properties, Inc. is a real estate investment trust. The trust engages in leasing, management, development, construction, and other customer-related services for its properties and for third parties. It invests in the real estate markets of United States. Highwoods Properties has a market cap of $3.3 billion and is part of the financial sector. The company has a P/E ratio of 67.8, above the S&P 500 P/E ratio of 17.7. Shares are up 22.6% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Highwoods Properties as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Highwoods Properties 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 liked this article you might like

New Lifetime High For Highwoods Properties (HIW)

Highwoods Properties (HIW) Hits New Lifetime High

Highwoods Properties (HIW) Hits New Lifetime High Today

New Lifetime High Today: Highwoods Properties (HIW)

Highwoods Properties (HIW) Is Today's Strong And Under The Radar Stock