3 Stocks Boosting The Real Estate Industry Higher

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One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 7 points (0.0%) at 17,032 as of Friday, Aug. 22, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,152 issues advancing vs. 1,771 declining with 181 unchanged.

The Real Estate industry currently sits down 0.1% versus the S&P 500, which is unchanged. Top gainers within the industry include China HGS Real Estate ( HGSH), up 16.1%, and Zillow ( Z), up 0.6%. On the negative front, top decliners within the industry include Digital Realty ( DLR), down 1.5%, Liberty Property ( LPT), down 1.2%, Realogy Holdings ( RLGY), down 1.1%, Brookfield Property Partners ( BPY), down 1.1% and Howard Hughes ( HHC), down 0.7%.

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

3. Alexander & Baldwin ( ALEX) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Alexander & Baldwin is up $0.55 (1.4%) to $41.06 on light volume. Thus far, 48,775 shares of Alexander & Baldwin exchanged hands as compared to its average daily volume of 186,400 shares. The stock has ranged in price between $40.48-$41.19 after having opened the day at $40.48 as compared to the previous trading day's close of $40.51.

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Alexander & Baldwin, Inc., together with its subsidiaries, primarily provides real estate development and leasing services. The company operates through four segments: Real Estate Development and Sales, Real Estate Leasing, Natural Materials and Construction, and Agribusiness. Alexander & Baldwin has a market cap of $2.0 billion and is part of the financial sector. Shares are down 2.9% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate Alexander & Baldwin a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Alexander & Baldwin as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Alexander & Baldwin 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.

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