3 Stocks Underperforming Today In The Real Estate Industry

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 4 points (0.0%) at 18,344 as of Wednesday, July 13, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,211 issues advancing vs. 1,725 declining with 124 unchanged.

The Real Estate industry currently sits down 0.2% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the industry include Diamondrock Hospitality ( DRH), down 4.9%, Host Hotels & Resorts ( HST), down 4.7%, Momo ( MOMO), down 3.6%, Pebblebrook Hotel ( PEB), down 3.2% and RLJ Lodging ( RLJ), down 2.3%. Top gainers within the industry include Brookfield Asset Management ( BAM), up 0.9%, Equity Lifestyle Properties ( ELS), up 0.8% and Realty Income ( O), up 0.9%.

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

3. LaSalle Hotel Properties ( LHO) is one of the companies pushing the Real Estate industry lower today. As of noon trading, LaSalle Hotel Properties is down $0.85 (-3.3%) to $24.67 on heavy volume. Thus far, 1.2 million shares of LaSalle Hotel Properties exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $24.54-$25.46 after having opened the day at $25.46 as compared to the previous trading day's close of $25.52.

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LaSalle Hotel Properties, a real estate investment trust (REIT), engages in the purchase, ownership, redevelopment, and leasing of primarily upscale and luxury full-service hotels in convention, resort, and urban business markets in the United States. LaSalle Hotel Properties has a market cap of $2.7 billion and is part of the financial sector. Shares are up 1.4% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates LaSalle Hotel Properties a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates LaSalle Hotel Properties as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and reasonable valuation levels. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full LaSalle Hotel Properties Ratings Report now.

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2. As of noon trading, CoStar Group ( CSGP) is down $2.51 (-1.1%) to $219.60 on light volume. Thus far, 46,908 shares of CoStar Group exchanged hands as compared to its average daily volume of 175,200 shares. The stock has ranged in price between $219.51-$222.12 after having opened the day at $222.12 as compared to the previous trading day's close of $222.11.

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CoStar Group, Inc. provides information, analytics, and online marketplace services to the commercial real estate industry in the United States, Canada, the United Kingdom, Spain, and France. CoStar Group has a market cap of $7.2 billion and is part of the financial sector. Shares are up 7.5% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts that rate CoStar Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates CoStar Group 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, increase in net income, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full CoStar Group Ratings Report now.

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1. As of noon trading, Annaly Capital Management ( NLY) is down $0.08 (-0.7%) to $10.78 on average volume. Thus far, 4.1 million shares of Annaly Capital Management exchanged hands as compared to its average daily volume of 10.2 million shares. The stock has ranged in price between $10.75-$10.87 after having opened the day at $10.86 as compared to the previous trading day's close of $10.85.

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Annaly Capital Management, Inc. owns a portfolio of real estate related investments in the United States. Annaly Capital Management has a market cap of $10.0 billion and is part of the financial sector. Shares are up 15.7% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Annaly Capital Management a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Annaly Capital Management as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. Get the full Annaly Capital Management 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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