5 Stocks Pushing The Real Estate Industry Lower

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 119 points (-0.8%) at 14,828 as of Tuesday, Aug. 27, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 582 issues advancing vs. 2,376 declining with 94 unchanged.

The Real Estate industry currently sits down 0.6% versus the S&P 500, which is down 1.0%. On the negative front, top decliners within the industry include Extra Space Storage ( EXR), down 1.6%, W. P. Carey ( WPC), down 1.5%, Weyerhaeuser ( WY), down 1.6%, Brookfield Office Properties ( BPO), down 1.4% and Public Storage ( PSA), down 1.0%. A company within the industry that increased today was Digital Realty ( DLR), up 1.0%.

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

5. AvalonBay Communities ( AVB) is one of the companies pushing the Real Estate industry lower today. As of noon trading, AvalonBay Communities is down $1.61 (-1.3%) to $125.19 on light volume. Thus far, 176,050 shares of AvalonBay Communities exchanged hands as compared to its average daily volume of 803,400 shares. The stock has ranged in price between $123.34-$126.74 after having opened the day at $123.34 as compared to the previous trading day's close of $126.80.

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 $16.3 billion and is part of the financial sector. Shares are down 6.5% year to date as of the close of trading on Monday. 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.

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

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