3 Stocks Boosting The Real Estate Industry Higher

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 28 points (0.2%) at 16,953 as of Monday, June 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,914 issues advancing vs. 1,041 declining with 157 unchanged.

The Real Estate industry currently is unchanged today versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include Federal Realty Investment ( FRT), down 1.6%, UDR ( UDR), down 1.5%, Boston Properties ( BXP), down 1.5%, HCP ( HCP), down 1.5% and AvalonBay Communities ( AVB), down 1.4%.

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

3. Alexander & Baldwin ( ALEX) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Alexander & Baldwin is up $1.57 (3.9%) to $42.05 on heavy volume. Thus far, 198,536 shares of Alexander & Baldwin exchanged hands as compared to its average daily volume of 205,200 shares. The stock has ranged in price between $39.97-$42.10 after having opened the day at $40.30 as compared to the previous trading day's close of $40.48.

Alexander & Baldwin, Inc., together with its subsidiaries, primarily provides real estate development and leasing services. The company operates through four segments: Real Estate Development and Sales, Real Estate Leasing, Natural Materials and Construction, and Agribusiness. Alexander & Baldwin has a market cap of $2.0 billion and is part of the financial sector. Shares are down 3.0% year-to-date as of the close of trading on Friday. Currently there are 2 analysts who rate Alexander & Baldwin a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Alexander & Baldwin as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. Get the full Alexander & Baldwin Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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