3 Stocks Pushing The Real Estate Industry Lower

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 14 points (-0.1%) at 17,773 as of Wednesday, June 1, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,608 issues advancing vs. 1,334 declining with 152 unchanged.

The Real Estate industry currently is unchanged today versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include AvalonBay Communities ( AVB), down 2.5%, American Tower ( AMT), down 0.6% and Brookfield Asset Management ( BAM), down 0.6%. Top gainers within the industry include Forest City Realty ( FCE.B), up 2.1%, Equinix ( EQIX), up 0.6% and Public Storage ( PSA), up 0.5%.

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 $7.59 (-3.3%) to $219.64 on heavy volume. Thus far, 316,286 shares of Essex Property exchanged hands as compared to its average daily volume of 420,500 shares. The stock has ranged in price between $219.56-$225.54 after having opened the day at $225.06 as compared to the previous trading day's close of $227.23.

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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 $14.8 billion and is part of the financial sector. Shares are down 5.1% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Essex Property a buy, no analysts rate it a sell, and 8 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 revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Essex Property Ratings Report now.

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2. As of noon trading, Equity Residential ( EQR) is down $3.08 (-4.5%) to $66.12 on heavy volume. Thus far, 2.2 million shares of Equity Residential exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $66.02-$68.43 after having opened the day at $67.89 as compared to the previous trading day's close of $69.21.

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Equity Residential, a real estate investment trust (REIT), engages in the acquisition, development, and management of multifamily properties in the United States. Equity Residential has a market cap of $25.1 billion and is part of the financial sector. Shares are down 15.2% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Equity Residential a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Equity Residential as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, notable return on equity and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full Equity Residential Ratings Report now.

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1. As of noon trading, Weyerhaeuser ( WY) is down $0.28 (-0.9%) to $31.22 on light volume. Thus far, 1.2 million shares of Weyerhaeuser exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $31.14-$31.51 after having opened the day at $31.32 as compared to the previous trading day's close of $31.50.

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Weyerhaeuser Co. is a real estate investment trust. It primarily invests in United States. The firm operates under four business segments, timberlands, wood products, cellulose fibers and real estate. It owns timberlands primarily in the U.S and has long-term licenses in Canada. Weyerhaeuser has a market cap of $23.5 billion and is part of the industrial goods sector. Shares are up 5.1% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Weyerhaeuser a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Weyerhaeuser as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and reasonable valuation levels. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full Weyerhaeuser Ratings Report now.

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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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