3 Stocks Boosting The Real Estate Industry Higher

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 13 points (0.1%) at 16,507 as of Monday, Aug. 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,334 issues advancing vs. 1,665 declining with 161 unchanged.

The Real Estate industry currently sits down 0.4% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Ryman Hospitality Properties ( RHP), up 1.8%, and Icahn ( IEP), up 1.2%. On the negative front, top decliners within the industry include Altisource Portfolio Solutions ( ASPS), down 15.2%, Altisource Residential Corporation ( RESI), down 7.5%, Ocwen Financial ( OCN), down 3.9%, Douglas Emmett ( DEI), down 1.6% and Liberty Property ( LPT), down 1.6%.

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

3. Equity Residential ( EQR) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Equity Residential is up $0.38 (0.6%) to $64.51 on average volume. Thus far, 598,643 shares of Equity Residential exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $63.84-$64.51 after having opened the day at $64.33 as compared to the previous trading day's close of $64.13.

Equity Residential, a real estate investment trust (REIT), engages in the acquisition, development, and management of multifamily properties in the United States. Equity Residential has a market cap of $23.4 billion and is part of the financial sector. Shares are up 23.6% year-to-date as of the close of trading on Friday. Currently there are 6 analysts who rate Equity Residential a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Equity Residential as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, impressive record of earnings per share growth 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 Equity Residential Ratings Report now.

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