3 Stocks Dragging The Real Estate Industry Downward

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 17 points (-0.1%) at 17,039 as of Tuesday, July 15, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 915 issues advancing vs. 2,069 declining with 174 unchanged.

The Real Estate industry currently sits down 0.2% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include Alexander & Baldwin ( ALEX), down 2.1%, Corrections Corp of America ( CXW), down 1.7%, Jones Lang LaSalle ( JLL), down 1.4%, CommonWealth REIT ( CWH), down 1.3% and RLJ Lodging ( RLJ), down 1.0%. A company within the industry that increased today was SL Green Realty ( SLG), up 0.6%.

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

3. CBRE Group ( CBG) is one of the companies pushing the Real Estate industry lower today. As of noon trading, CBRE Group is down $0.25 (-0.8%) to $32.66 on average volume. Thus far, 870,399 shares of CBRE Group exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $32.56-$33.06 after having opened the day at $32.98 as compared to the previous trading day's close of $32.91.

CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide. The company operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. CBRE Group has a market cap of $10.8 billion and is part of the financial sector. Shares are up 25.1% year-to-date as of the close of trading on Monday. Currently there are 4 analysts that rate CBRE Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates CBRE Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full CBRE Group Ratings Report now.

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