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 lower today with the Dow Jones Industrial Average ( ^DJI) trading down 23 points (-0.2%) at 15,060 as of Friday, May 10, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,550 issues advancing vs. 1,371 declining with 121 unchanged.

The Real Estate industry currently sits up 0.2% versus the S&P 500, which is unchanged. Top gainers within the industry include Nationstar Mortgage Holdings ( NSM), up 2.2%, Apartment Investment & Management ( AIV), up 1.3%, Kimco Realty ( KIM), up 0.8%, American Campus Communities ( ACC), up 0.9% and Host Hotels & Resorts ( HST), up 0.6%. On the negative front, top decliners within the industry include Franklin Street Properties Corporation ( FSP), down 3.37, Brookfield Residential Properties ( BRP), down 1.46, American Capital Agency ( AGNC), down 1.81, American Tower ( AMT), down 0.63 and Brookfield Office Properties ( BPO), down 0.53.

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

5. Essex Property ( ESS) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Essex Property is up $2.24 (1.41) to $161.34 on average volume Thus far, 100,871 shares of Essex Property exchanged hands as compared to its average daily volume of 268,200 shares. The stock has ranged in price between $158.83-$161.55 after having opened the day at $158.96 as compared to the previous trading day's close of $159.10.

Essex Property Trust, Inc. operates as a self-administered and self-managed real estate investment trust in the United States. It engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities, as well as commercial properties. Essex Property has a market cap of $6.0 billion and is part of the financial sector. The company has a P/E ratio of 46.3, above the S&P 500 P/E ratio of 17.7. Shares are up 8.5% year to date as of the close of trading on Thursday. Currently there are 13 analysts that rate Essex Property a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Essex Property as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Essex Property Ratings Report now.

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