5 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 112 points (-0.7%) at 15,897 as of Tuesday, Dec. 3, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 970 issues advancing vs. 1,886 declining with 143 unchanged.

The Real Estate industry currently sits down 0.2% versus the S&P 500, which is down 0.4%. Top gainers within the industry include E-House China Holdings ( EJ), up 3.4%, BRE Properties ( BRE), up 2.9%, Icahn ( IEP), up 2.6%, Altisource Portfolio Solutions ( ASPS), up 1.8% and Regency Centers Corporation ( REG), up 1.2%. On the negative front, top decliners within the industry include Digital Realty ( DLR), down 4.2%, CubeSmart ( CUBE), down 3.0% and General Growth Properties ( GGP), down 1.3%.

TheStreet 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 $2.01 (1.3%) to $154.29 on light volume. Thus far, 76,562 shares of Essex Property exchanged hands as compared to its average daily volume of 212,900 shares. The stock has ranged in price between $151.52-$154.76 after having opened the day at $151.54 as compared to the previous trading day's close of $152.28.

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 $5.8 billion and is part of the financial sector. The company has a P/E ratio of 37.1, above the S&P 500 P/E ratio of 17.7. Shares are up 3.5% year to date as of the close of trading on Monday. Currently there are 13 analysts that rate Essex Property a buy, no analysts rate it a sell, and 5 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, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Essex Property Ratings Report now.

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