3 Stocks Underperforming Today In 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 202 points (-1.2%) at 16,120 as of Monday, March 3, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 729 issues advancing vs. 2,228 declining with 140 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 Diamondrock Hospitality Company ( DRH), down 2.8%, Gazit-Globe ( GZT), down 2.6%, Zillow ( Z), down 2.6%, Brookfield Residential Properties ( BRP), down 2.1% and Extra Space Storage ( EXR), down 1.5%. Top gainers within the industry include American Capital Agency ( AGNC), up 1.4%, Invesco Mortgage Capital ( IVR), up 1.2% and W. P. Carey ( WPC), up 1.1%.

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

3. Health Care REIT ( HCN) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Health Care REIT is down $0.33 (-0.6%) to $58.41 on light volume. Thus far, 503,256 shares of Health Care REIT exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $58.17-$58.92 after having opened the day at $58.49 as compared to the previous trading day's close of $58.74.

Health Care REIT, Inc. is an independent equity real estate investment trust. The firm engages in acquiring, planning, developing, managing, repositioning and monetizing of real estate assets. It primarily invests in the real estate markets of the United States. Health Care REIT has a market cap of $16.9 billion and is part of the financial sector. Shares are up 9.7% year-to-date as of the close of trading on Friday. Currently there are 6 analysts that rate Health Care REIT a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Health Care REIT as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full Health Care REIT Ratings Report now.

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