3 Real Estate Stocks Dragging The Industry Down

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.

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 8 points (0.0%) at 16,964 as of Wednesday, July 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,180 issues advancing vs. 1,847 declining with 143 unchanged.

The Real Estate industry currently sits down 0.1% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include St Joe ( JOE), down 6.9%, Dupont Fabros Technology ( DFT), down 3.8%, Omega Healthcare Investors ( OHI), down 1.9%, Annaly Capital Management ( NLY), down 1.4% and Health Care REIT ( HCN), down 1.3%. Top gainers within the industry include E-House China Holdings ( EJ), up 6.5%, Weyerhaeuser ( WY), up 1.3%, Nationstar Mortgage Holdings ( NSM), up 0.9%, Icahn ( IEP), up 0.7% and Ocwen Financial ( OCN), up 0.7%.

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

3. Essex Property ( ESS) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Essex Property is down $1.18 (-0.6%) to $184.52 on average volume. Thus far, 211,910 shares of Essex Property exchanged hands as compared to its average daily volume of 432,200 shares. The stock has ranged in price between $183.78-$185.33 after having opened the day at $185.33 as compared to the previous trading day's close of $185.70.

Essex Property Trust, Inc. operates as a self-administered and self-managed real estate investment trust in the United States. It engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities, as well as commercial properties. Essex Property has a market cap of $11.6 billion and is part of the financial sector. Shares are up 29.4% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Essex Property a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Essex Property as a buy. The company's strengths can be seen in multiple areas, such as its revenue 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 Essex Property 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, HCP ( HCP) is down $0.28 (-0.7%) to $41.18 on light volume. Thus far, 635,139 shares of HCP exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $40.97-$41.46 after having opened the day at $41.38 as compared to the previous trading day's close of $41.46.

HCP, Inc. is an independent hybrid real estate investment trust. The fund invests in real estate markets of the United States. HCP has a market cap of $19.0 billion and is part of the financial sector. Shares are up 14.2% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate HCP a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates HCP as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, expanding profit margins, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full HCP 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, Ventas ( VTR) is down $0.44 (-0.7%) to $63.89 on average volume. Thus far, 1.0 million shares of Ventas exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $63.37-$64.21 after having opened the day at $63.85 as compared to the previous trading day's close of $64.33.

Ventas, Inc. is a publicly owned real estate investment trust. The firm engages in investment, management, financing, and leasing of properties in the healthcare industry. It invests in the real estate markets of the United States and Canada. Ventas has a market cap of $18.9 billion and is part of the financial sector. Shares are up 12.3% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Ventas a buy, 3 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Ventas as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, increase in net income, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Ventas 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

If you liked this article you might like

5 Stocks Set to Rocket Higher

5 Stocks Set to Rocket Higher

5 Rocket Stocks for 2017 -- Amgen, eBay, More

5 Rocket Stocks for 2017 -- Amgen, eBay, More

Rising Rates Won't Hold Back These 3 REITs in 2017

Rising Rates Won't Hold Back These 3 REITs in 2017

5 Rocket Stocks to Buy for a Santa Claus Rally: Facebook, Nike and More

5 Rocket Stocks to Buy for a Santa Claus Rally: Facebook, Nike and More

Stocks Are Priced for Perfection in an Imperfect World

Stocks Are Priced for Perfection in an Imperfect World