Real Estate Stocks On The Rise With Help From 3 Stocks

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 146 points (0.9%) at 16,972 as of Tuesday, July 1, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,159 issues advancing vs. 828 declining with 170 unchanged.

The Real Estate industry currently sits up 0.6% versus the S&P 500, which is up 0.8%. Top gainers within the industry include E-House China Holdings ( EJ), up 5.3%, Omega Healthcare Investors ( OHI), up 2.2%, CoStar Group ( CSGP), up 2.0%, American Campus Communities ( ACC), up 1.8% and LaSalle Hotel Properties ( LHO), up 1.4%. On the negative front, top decliners within the industry include Walter Investment Management ( WAC), down 3.5%, Investors Real Estate ( IRET), down 3.4%, Northstar Realty Finance ( NRF), down 2.8%, Rayonier ( RYN), down 1.8% and Weyerhaeuser ( WY), down 1.2%.

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

3. Digital Realty ( DLR) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Digital Realty is up $0.62 (1.1%) to $58.94 on light volume. Thus far, 257,535 shares of Digital Realty exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $57.98-$58.95 after having opened the day at $58.48 as compared to the previous trading day's close of $58.32.

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 18.7% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who 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.

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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