5 Stocks Pushing The Real Estate Industry Downward

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%. 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%. 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%.

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

5. Brookfield Asset Management ( BAM) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Brookfield Asset Management is down $0.40 (-1.0%) to $38.20 on light volume. Thus far, 176,011 shares of Brookfield Asset Management exchanged hands as compared to its average daily volume of 656,800 shares. The stock has ranged in price between $38.08-$38.39 after having opened the day at $38.30 as compared to the previous trading day's close of $38.60.

Brookfield Asset Management Inc. is a publicly owned asset management holding company. Through its subsidiaries the firm invests in the property, power, and infrastructure sectors. Brookfield Asset Management has a market cap of $24.2 billion and is part of the financial sector. The company has a P/E ratio of 13.9, below the S&P 500 P/E ratio of 17.7. Shares are up 6.0% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Brookfield Asset Management a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Brookfield Asset Management as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, attractive valuation levels, good cash flow from operations, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Brookfield Asset Management Ratings Report now.

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