3 Stocks Dragging 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 37 points (0.2%) at 16,943 as of Wednesday, July 9, 2014, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,468 issues advancing vs. 1,471 declining with 161 unchanged.

The Real Estate industry currently is unchanged today versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the industry include Alto Palermo ( APSA), down 6.8%, Altisource Portfolio Solutions ( ASPS), down 3.9% and Equity Lifestyle Properties ( ELS), down 0.8%. Top gainers within the industry include Alexander & Baldwin ( ALEX), up 6.3%, E-House China Holdings ( EJ), up 3.1%, Zillow ( Z), up 2.9%, Gazit-Globe ( GZT), up 1.2% and CBRE Group ( CBG), up 1.1%.

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

3. Extra Space Storage ( EXR) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Extra Space Storage is down $0.32 (-0.6%) to $52.72 on light volume. Thus far, 201,257 shares of Extra Space Storage exchanged hands as compared to its average daily volume of 729,600 shares. The stock has ranged in price between $52.69-$53.26 after having opened the day at $53.17 as compared to the previous trading day's close of $53.03.

Extra Space Storage, Inc. operates as a real estate investment trust (REIT) in the United States. It engages in property management and development activities that include acquiring, managing, developing, and selling, as well as the rental of self-storage facilities. Extra Space Storage has a market cap of $6.2 billion and is part of the financial sector. Shares are up 25.9% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Extra Space Storage a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Extra Space Storage as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Extra Space Storage 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, UDR ( UDR) is down $0.15 (-0.5%) to $28.31 on light volume. Thus far, 350,762 shares of UDR exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $28.17-$28.41 after having opened the day at $28.35 as compared to the previous trading day's close of $28.46.

UDR, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities. UDR has a market cap of $7.2 billion and is part of the financial sector. Shares are up 21.9% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate UDR a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates UDR as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, increase in net income, revenue growth, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full UDR 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, Prologis ( PLD) is down $0.29 (-0.7%) to $40.83 on light volume. Thus far, 589,907 shares of Prologis exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $40.39-$41.23 after having opened the day at $40.39 as compared to the previous trading day's close of $41.12.

Prologis Inc. is an independent equity real estate investment trust. It invests in the real estate markets across the globe. The firm engages in the ownership, development, management, and leasing of industrial distribution and retail properties. Prologis has a market cap of $20.6 billion and is part of the financial sector. Shares are up 11.3% year-to-date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Prologis a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Prologis as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. Get the full Prologis 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).

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