3 Stocks Pulling The Real Estate Industry Downward

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 29 points (-0.2%) at 16,918 as of Monday, June 23, 2014, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,480 issues advancing vs. 1,509 declining with 147 unchanged.

The Real Estate industry currently sits down 0.1% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include Altisource Residential Corporation ( RESI), down 10.5%, Medical Properties ( MPW), down 2.0%, Healthcare Realty ( HR), down 1.3%, EPR Properties ( EPR), down 1.1% and Extra Space Storage ( EXR), down 1.0%. Top gainers within the industry include IRSA Inversiones y Representaciones ( IRS), up 3.0%, Ocwen Financial ( OCN), up 1.8%, Two Harbors Investment ( TWO), up 1.4%, Nationstar Mortgage Holdings ( NSM), up 1.4% and Brookfield Residential Properties ( BRP), up 1.4%.

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

3. Digital Realty ( DLR) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Digital Realty is down $0.39 (-0.7%) to $57.50 on light volume. Thus far, 289,283 shares of Digital Realty exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $57.45-$58.00 after having opened the day at $58.00 as compared to the previous trading day's close of $57.89.

Digital Realty Trust, Inc., a real estate investment trust (REIT), through its controlling interest in Digital Realty Trust, L.P., engages in the ownership, acquisition, development, redevelopment, and management of technology-related real estate. Digital Realty has a market cap of $7.9 billion and is part of the financial sector. Shares are up 17.9% year-to-date as of the close of trading on Friday. Currently there are 4 analysts that rate Digital Realty a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Digital Realty as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Digital Realty Ratings Report now.

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

2. As of noon trading, Realty Income ( O) is down $0.24 (-0.5%) to $44.70 on light volume. Thus far, 629,691 shares of Realty Income exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $44.66-$44.98 after having opened the day at $44.90 as compared to the previous trading day's close of $44.94.

Realty Income Corporation is a publicly traded real estate investment trust. It invests in the real estate markets of the United States. The firm makes investments in commercial real estate. Realty Income Corporation was founded in 1969 and is based in Escondido, California. Realty Income has a market cap of $9.9 billion and is part of the financial sector. Shares are up 20.4% year-to-date as of the close of trading on Friday. Currently there are 4 analysts that rate Realty Income a buy, 1 analyst rates it a sell, and 8 rate it a hold.

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

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

1. As of noon trading, Northstar Realty Finance ( NRF) is down $0.08 (-0.5%) to $16.76 on light volume. Thus far, 1.9 million shares of Northstar Realty Finance exchanged hands as compared to its average daily volume of 7.4 million shares. The stock has ranged in price between $16.70-$16.96 after having opened the day at $16.83 as compared to the previous trading day's close of $16.84.

NorthStar Realty Finance Corp., a real estate investment trust (REIT), operates as a commercial real estate (CRE) investment and asset management company in the United States. Northstar Realty Finance has a market cap of $5.6 billion and is part of the financial sector. Shares are up 25.2% year-to-date as of the close of trading on Friday. Currently there are 5 analysts that rate Northstar Realty Finance a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Northstar Realty Finance as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we find that net income has been generally deteriorating over time. Get the full Northstar Realty Finance Ratings Report now.

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

If you are interested in one of these 3 stocks, 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).

null

More from Markets

Global Stocks Push Higher as China Tariff Move, Softer US Dollar Boost Sentiment

Global Stocks Push Higher as China Tariff Move, Softer US Dollar Boost Sentiment

Get to Know Stacey Cunningham, the NYSE's First Female Chief in 226 Years

Get to Know Stacey Cunningham, the NYSE's First Female Chief in 226 Years

60 Seconds: What is the Volcker Rule and How Does it Affect Your Portfolio?

60 Seconds: What is the Volcker Rule and How Does it Affect Your Portfolio?

Micron Spikes After $10 Billion Buyback Plan Caps Bullish Q3 Earnings Forecast

Micron Spikes After $10 Billion Buyback Plan Caps Bullish Q3 Earnings Forecast

Oil Prices, China Tariffs, Micron and Kohl's - 5 Things You Must Know

Oil Prices, China Tariffs, Micron and Kohl's - 5 Things You Must Know