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.

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