3 Stocks Pulling 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 45 points (0.3%) at 16,697 as of Thursday, Aug. 14, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,017 issues advancing vs. 963 declining with 158 unchanged.

The Real Estate industry currently sits up 0.1% versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the industry include American Campus Communities ( ACC), down 1.1%, UDR ( UDR), down 0.8%, Camden Property ( CPT), down 0.7% and Macerich ( MAC), down 0.7%. Top gainers within the industry include Ocwen Financial ( OCN), up 2.3%, Icahn ( IEP), up 1.0%, Annaly Capital Management ( NLY), up 0.7% and Ventas ( VTR), up 0.7%.

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

3. Essex Property ( ESS) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Essex Property is down $1.56 (-0.8%) to $189.34 on light volume. Thus far, 97,522 shares of Essex Property exchanged hands as compared to its average daily volume of 354,100 shares. The stock has ranged in price between $189.25-$191.18 after having opened the day at $191.00 as compared to the previous trading day's close of $190.90.

Essex Property Trust, Inc. operates as a self-administered and self-managed real estate investment trust in the United States. It engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities, as well as commercial properties. Essex Property has a market cap of $11.9 billion and is part of the financial sector. Shares are up 33.0% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Essex Property a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Essex Property as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Essex Property 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, Vornado Realty ( VNO) is down $0.54 (-0.5%) to $106.07 on light volume. Thus far, 161,823 shares of Vornado Realty exchanged hands as compared to its average daily volume of 712,700 shares. The stock has ranged in price between $105.92-$107.07 after having opened the day at $106.91 as compared to the previous trading day's close of $106.61.

Vornado Realty Trust is a publicly owned real estate investment trust. The firm invests in the real estate markets of the United States. It makes investments in commercial real estate properties to create its portfolio. The firm was formerly known as Vornado Inc. Vornado Realty has a market cap of $19.8 billion and is part of the financial sector. Shares are up 20.1% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Vornado Realty a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Vornado Realty as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Vornado Realty 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, AvalonBay Communities ( AVB) is down $1.19 (-0.8%) to $151.26 on light volume. Thus far, 239,959 shares of AvalonBay Communities exchanged hands as compared to its average daily volume of 699,100 shares. The stock has ranged in price between $150.87-$152.82 after having opened the day at $152.27 as compared to the previous trading day's close of $152.45.

AvalonBay Communities, Inc. engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States. AvalonBay Communities has a market cap of $19.7 billion and is part of the financial sector. Shares are up 28.9% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts that rate AvalonBay Communities a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates AvalonBay Communities as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, compelling growth in net income, revenue growth, expanding profit margins and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full AvalonBay Communities 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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