GGP, AMT And SPG, 3 Real Estate Stocks Pushing The Industry Lower

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One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 29 points (-0.2%) at 16,367 as of Wednesday, March 5, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,229 issues advancing vs. 1,681 declining with 174 unchanged.

The Real Estate industry currently sits down 0.3% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include Essex Property ( ESS), down 1.6%, Boston Properties ( BXP), down 1.5%, Kimco Realty ( KIM), down 1.3%, Host Hotels & Resorts ( HST), down 1.2% and Prologis ( PLD), down 1.1%.

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

3. General Growth Properties ( GGP) is one of the companies pushing the Real Estate industry lower today. As of noon trading, General Growth Properties is down $0.25 (-1.1%) to $22.17 on light volume. Thus far, 1.1 million shares of General Growth Properties exchanged hands as compared to its average daily volume of 7.4 million shares. The stock has ranged in price between $22.17-$22.45 after having opened the day at $22.42 as compared to the previous trading day's close of $22.42.

General Growth Properties, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It engages in owning, managing, leasing, and redeveloping high-quality regional malls. General Growth Properties has a market cap of $19.5 billion and is part of the financial sector. Shares are up 9.9% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate General Growth Properties a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates General Growth Properties as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and good cash flow from operations. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. Get the full General Growth Properties Ratings Report now.

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