BPO, MAC And PSA, Pushing Real Estate Industry Downward

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 65 points (-0.4%) at 15,111 as of Friday, June 14, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.

The Real Estate industry currently sits up 0.4% versus the S&P 500, which is down 0.25. On the negative front, top decliners within the industry include American Capital Agency ( AGNC), down 0.74, and Plum Creek Timber ( PCL), down 0.71. Top gainers within the industry include Strategic Hotels & Resorts ( BEE), up 7.5%, Brookfield Residential Properties ( BRP), up 5.0%, Chimera Investment Corporation ( CIM), up 3.2%, Howard Hughes ( HHC), up 2.9% and SL Green Realty Corporation ( SLG), up 1.9%.

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

3. Brookfield Office Properties ( BPO) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Brookfield Office Properties is down $0.21 (-1.2%) to $16.96 on light volume Thus far, 320,703 shares of Brookfield Office Properties exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $16.96-$17.22 after having opened the day at $17.14 as compared to the previous trading day's close of $17.17.

Brookfield Properties Corporation is a publicly owned real estate investment firm. The firm engages in the ownership, development, and management of premier commercial properties. It also provides ancillary real estate service businesses, such as tenant service and amenities. Brookfield Office Properties has a market cap of $8.5 billion and is part of the financial sector. The company has a P/E ratio of 8.0, below the S&P 500 P/E ratio of 17.7. Shares are up 0.9% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Brookfield Office Properties a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Brookfield Office Properties as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Brookfield Office Properties Ratings Report now.

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