SL Green Realty Corporation (SLG): Today's Featured Real Estate Laggard

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.

SL Green Realty Corporation ( SLG) pushed the Real Estate industry lower today making it today's featured Real Estate laggard. The industry as a whole closed the day down 0.4%. By the end of trading, SL Green Realty Corporation fell $1.11 (-1.1%) to $97.78 on average volume. Throughout the day, 563,587 shares of SL Green Realty Corporation exchanged hands as compared to its average daily volume of 617,500 shares. The stock ranged in price between $97.29-$99.22 after having opened the day at $98.89 as compared to the previous trading day's close of $98.89. Other companies within the Real Estate industry that declined today were: Supertel Hospitality ( SPPR), down 8.2%, Desarrolladora Homex SAB de CV ADR ( HXM), down 8.1%, American Realty Investors ( ARL), down 7.0% and J.W. Mays ( MAYS), down 5.4%.

SL Green Realty Corp. is a real estate investment trust (REIT). The firm engages in the property management, acquisitions, financing, development, construction, and leasing. It also provides tenant services to its clients. The firm invests in real estate markets of the United States. SL Green Realty Corporation has a market cap of $9.5 billion and is part of the financial sector. Shares are up 7.9% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate SL Green Realty Corporation a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates SL Green Realty Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, increase in stock price during the past year, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, InnSuites Hospitality ( IHT), up 8.8%, Elbit Imaging ( EMITF), up 6.4%, E-House China Holdings ( EJ), up 3.4% and Institutional Financial Markets ( IFMI), up 3.1%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider iShares Dow Jones US Real Estate ( IYR) while those bearish on the real estate industry could consider ProShares Short Real Estate Fund ( REK).

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

More from Markets

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists