3 Stocks Pushing The Real Estate Industry Lower

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One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 17,122 as of Wednesday, Aug. 27, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,632 issues advancing vs. 1,319 declining with 192 unchanged.

The Real Estate industry currently sits down 0.1% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include China HGS Real Estate ( HGSH), down 11.3%, CoStar Group ( CSGP), down 1.7%, Zillow ( Z), down 1.3% and Howard Hughes ( HHC), down 0.8%.

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

3. E-House China Holdings ( EJ) is one of the companies pushing the Real Estate industry lower today. As of noon trading, E-House China Holdings is down $0.62 (-5.1%) to $11.48 on heavy volume. Thus far, 2.3 million shares of E-House China Holdings exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $11.47-$12.10 after having opened the day at $11.95 as compared to the previous trading day's close of $12.10.

E-House (China) Holdings Limited, through its subsidiaries, operates as a real estate services company primarily in the People's Republic of China. E-House China Holdings has a market cap of $1.7 billion and is part of the financial sector. Shares are down 19.8% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate E-House China Holdings a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates E-House China Holdings as a buy. 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, solid stock price performance, impressive record of earnings per share growth and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full E-House China Holdings Ratings Report now.

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