3 Real Estate Stocks Driving The 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 69 points (-0.4%) at 18,094 as of Thursday, May 28, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 843 issues advancing vs. 2,162 declining with 143 unchanged.

The Real Estate industry currently sits down 0.3% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the industry include BioMed Realty ( BMR), down 1.9%, Liberty Property ( LPT), down 1.4%, Ventas ( VTR), down 1.3%, Duke Realty ( DRE), down 1.2% and SL Green Realty ( SLG), down 0.9%.

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

3. St. Joe ( JOE) is one of the companies pushing the Real Estate industry higher today. As of noon trading, St. Joe is up $0.40 (2.6%) to $16.00 on heavy volume. Thus far, 523,904 shares of St. Joe exchanged hands as compared to its average daily volume of 429,900 shares. The stock has ranged in price between $15.60-$16.02 after having opened the day at $15.60 as compared to the previous trading day's close of $15.60.

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The St. Joe Company, together with its subsidiaries, operates as a real estate development company in Florida. The company operates in four segments: Residential Real Estate; Commercial Real Estate; Resorts, Leisure and Leasing Operations; and Forestry. St. Joe has a market cap of $1.4 billion and is part of the financial sector. Shares are down 15.2% year-to-date as of the close of trading on Wednesday. Currently there are no analysts who rate St. Joe a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates St. Joe as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full St. Joe Ratings Report now.

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