3 Stocks Improving Performance Of The Real Estate Industry

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 4 points (0.0%) at 15,077 as of Monday, Aug. 19, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 933 issues advancing vs. 2,036 declining with 90 unchanged.

The Real Estate industry currently sits down 0.8% versus the S&P 500, which is down 0.1%. Top gainers within the industry include E-House China Holdings ( EJ), up 10.4%, and American Tower ( AMT), up 0.5%. On the negative front, top decliners within the industry include ARMOUR Residential REIT ( ARR), down 7.0%, Zillow ( Z), down 4.5%, Nationstar Mortgage Holdings ( NSM), down 2.7%, Brookfield Asset Management ( BAM), down 2.0% and Realty Income Corporation ( O), down 1.8%.

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

3. AvalonBay Communities ( AVB) is one of the companies pushing the Real Estate industry higher today. As of noon trading, AvalonBay Communities is up $0.48 (0.4%) to $123.27 on light volume. Thus far, 312,676 shares of AvalonBay Communities exchanged hands as compared to its average daily volume of 880,700 shares. The stock has ranged in price between $121.98-$123.49 after having opened the day at $122.41 as compared to the previous trading day's close of $122.79.

AvalonBay Communities, Inc. engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States. AvalonBay Communities has a market cap of $16.2 billion and is part of the financial sector. Shares are down 9.4% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate AvalonBay Communities a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates AvalonBay Communities as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full AvalonBay Communities Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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