3 Stocks Driving The Real Estate Industry Higher

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 77 points (-0.5%) at 16,493 as of Tuesday, Aug. 5, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,020 issues advancing vs. 1,966 declining with 149 unchanged.

The Real Estate industry currently sits down 0.2% versus the S&P 500, which is down 0.6%. Top gainers within the industry include Realogy Holdings ( RLGY), up 1.9%, and Jones Lang LaSalle ( JLL), up 1.3%. On the negative front, top decliners within the industry include E-House China Holdings ( EJ), down 4.9%, Altisource Portfolio Solutions ( ASPS), down 3.5%, Ryman Hospitality Properties ( RHP), down 3.3%, Brookfield Asset Management ( BAM), down 0.9% and Host Hotels & Resorts ( HST), down 0.8%.

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

3. Corrections Corp of America ( CXW) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Corrections Corp of America is up $0.36 (1.1%) to $32.84 on light volume. Thus far, 146,853 shares of Corrections Corp of America exchanged hands as compared to its average daily volume of 524,600 shares. The stock has ranged in price between $32.35-$32.93 after having opened the day at $32.44 as compared to the previous trading day's close of $32.48.

Corrections Corporation of America, together with its subsidiaries, owns and operates privatized correctional and detention facilities in the United States. Corrections Corp of America has a market cap of $3.7 billion and is part of the financial sector. Shares are up 1.3% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who rate Corrections Corp of America a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Corrections Corp of America as a buy. Among the primary strengths of the company is its reasonable valuation levels, considering its current price compared to earnings, book value and other measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Corrections Corp of America 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.

2. As of noon trading, W P Carey ( WPC) is up $0.73 (1.1%) to $66.73 on average volume. Thus far, 193,806 shares of W P Carey exchanged hands as compared to its average daily volume of 443,200 shares. The stock has ranged in price between $66.13-$67.30 after having opened the day at $67.01 as compared to the previous trading day's close of $66.00.

W. P. Carey Inc. is an independent equity real estate investment trust. The firm also provides long-term sale-leaseback and build-to-suit financing for companies. It invests in the real estate markets across the globe. W P Carey has a market cap of $6.5 billion and is part of the financial sector. Shares are up 7.6% year-to-date as of the close of trading on Monday. Currently there are 2 analysts who rate W P Carey a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates W P Carey as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full W P Carey 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.

1. As of noon trading, Digital Realty ( DLR) is up $0.60 (0.9%) to $64.95 on heavy volume. Thus far, 1.4 million shares of Digital Realty exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $64.33-$65.41 after having opened the day at $64.35 as compared to the previous trading day's close of $64.35.

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 $8.7 billion and is part of the financial sector. Shares are up 31.0% year-to-date as of the close of trading on Monday. Currently there are 5 analysts who rate Digital Realty a buy, 1 analyst rates it a sell, and 8 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, increase in net income, reasonable valuation levels, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. 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.

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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