3 Stocks Pulling The Real Estate Industry Downward

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 31 points (0.2%) at 15,006 as of Tuesday, July 2, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,611 issues advancing vs. 1,325 declining with 103 unchanged.

The Real Estate industry currently sits up 0.6% versus the S&P 500, which is up 0.4%. Top gainers within the industry include Extra Space Storage ( EXR), up 3.1%, HCP ( HCP), up 2.6%, Rayonier ( RYN), up 2.1%, Public Storage ( PSA), up 2.1% and Kimco Realty ( KIM), up 2.1%.

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

3. Icahn ( IEP) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Icahn is down $1.04 (-1.4%) to $71.50 on light volume. Thus far, 27,773 shares of Icahn exchanged hands as compared to its average daily volume of 232,900 shares. The stock has ranged in price between $71.01-$72.56 after having opened the day at $72.13 as compared to the previous trading day's close of $72.54.

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 $8.1 billion and is part of the consumer goods sector. The company has a P/E ratio of 12.2, below the S&P 500 P/E ratio of 17.7. Shares are up 62.8% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Icahn a buy, no analysts rate it a sell, and none rate it a hold.

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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, Annaly Capital Management ( NLY) is down $0.12 (-0.9%) to $12.32 on light volume. Thus far, 4.3 million shares of Annaly Capital Management exchanged hands as compared to its average daily volume of 12.3 million shares. The stock has ranged in price between $12.30-$12.50 after having opened the day at $12.40 as compared to the previous trading day's close of $12.44.

Annaly Capital Management, Inc. owns, manages, and finances a portfolio of real estate related investments in United States. Annaly Capital Management has a market cap of $11.9 billion and is part of the financial sector. The company has a P/E ratio of 7.4, below the S&P 500 P/E ratio of 17.7. Shares are down 10.5% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Annaly Capital Management a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Annaly Capital Management as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. Get the full Annaly Capital Management Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, American Capital Agency ( AGNC) is down $0.27 (-1.2%) to $22.53 on light volume. Thus far, 3.2 million shares of American Capital Agency exchanged hands as compared to its average daily volume of 9.4 million shares. The stock has ranged in price between $22.44-$23.05 after having opened the day at $22.71 as compared to the previous trading day's close of $22.80.

American Capital Agency Corp. operates as a real estate investment trust (REIT). American Capital Agency has a market cap of $9.1 billion and is part of the financial sector. The company has a P/E ratio of 10.7, below the S&P 500 P/E ratio of 17.7. Shares are down 20.4% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate American Capital Agency a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates American Capital Agency as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and expanding profit margins. 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 American Capital Agency Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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).

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