FRT, ESS And DLR, 3 Real Estate Stocks Pushing The Industry Lower

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 18 points (0.1%) at 16,551 as of Wednesday, April 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,684 issues advancing vs. 1,250 declining with 198 unchanged.

The Real Estate industry currently sits up 0.1% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include St. Joe Corporation ( JOE), down 1.5%, Icahn ( IEP), down 1.4%, CommonWealth REIT ( CWH), down 1.2%, CoStar Group ( CSGP), down 0.9% and Duke Realty ( DRE), down 0.7%. Top gainers within the industry include Hercules Technology Growth Capital ( HTGC), up 6.4%, Washington REIT ( WRE), up 2.5%, Corrections Corporation of America ( CXW), up 2.4%, Realogy Holdings ( RLGY), up 1.2% and Howard Hughes ( HHC), up 1.2%.

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

3. Federal Realty Investment ( FRT) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Federal Realty Investment is down $0.55 (-0.5%) to $115.05 on average volume. Thus far, 240,892 shares of Federal Realty Investment exchanged hands as compared to its average daily volume of 519,800 shares. The stock has ranged in price between $114.54-$115.48 after having opened the day at $115.33 as compared to the previous trading day's close of $115.60.

Federal Realty Investment Trust operates as a real estate investment trust, which engages in the ownership, management, development, and redevelopment of retail and mixed-use properties. Federal Realty Investment has a market cap of $7.7 billion and is part of the financial sector. Shares are up 13.1% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Federal Realty Investment a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Federal Realty Investment as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Federal Realty Investment Ratings Report now.

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