3 Stocks Pulling The Real Estate Industry Downward

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 137 points (0.7%) at 18,509 as of Thursday, July 14, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,870 issues advancing vs. 1,053 declining with 127 unchanged.

The Real Estate industry currently sits down 0.1% versus the S&P 500, which is up 0.5%. On the negative front, top decliners within the industry include Digital Realty ( DLR), down 2.2%, CubeSmart ( CUBE), down 1.8%, Spirit Realty Capital ( SRC), down 1.7%, Ventas ( VTR), down 1.5% and National Retail Properties ( NNN), down 1.4%. Top gainers within the industry include Realogy Holdings ( RLGY), up 2.4%, CBRE Group ( CBG), up 1.5%, Brookfield Property Partners ( BPY), up 1.4%, Host Hotels & Resorts ( HST), up 1.1% and American Tower ( AMT), 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 $3.96 (-1.7%) to $230.30 on light volume. Thus far, 107,638 shares of Essex Property exchanged hands as compared to its average daily volume of 426,500 shares. The stock has ranged in price between $230.14-$235.43 after having opened the day at $235.43 as compared to the previous trading day's close of $234.26.

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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 $15.2 billion and is part of the financial sector. Shares are down 2.1% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Essex Property a buy, no analysts rate it a sell, and 9 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Essex Property Ratings Report now.

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2. As of noon trading, General Growth Properties ( GGP) is down $0.16 (-0.5%) to $31.00 on light volume. Thus far, 1.2 million shares of General Growth Properties exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $31.00-$31.20 after having opened the day at $31.15 as compared to the previous trading day's close of $31.16.

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General Growth Properties, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It engages in owning, managing, leasing, and redeveloping high-quality regional malls. General Growth Properties, Inc is based in Chicago, Illinois. General Growth Properties has a market cap of $27.4 billion and is part of the financial sector. Shares are up 14.5% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts that rate General Growth Properties a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates General Growth Properties as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full General Growth Properties Ratings Report now.

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1. As of noon trading, Equity Residential ( EQR) is down $0.54 (-0.8%) to $70.37 on light volume. Thus far, 552,688 shares of Equity Residential exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $70.33-$71.09 after having opened the day at $70.84 as compared to the previous trading day's close of $70.91.

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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 $26.0 billion and is part of the financial sector. Shares are down 13.1% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Equity Residential a buy, no analysts rate it a sell, and 12 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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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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