AIV, ESS And DLR, Pushing Real Estate Industry Downward

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 8 points (0.0%) at 18,524 as of Monday, July 18, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,660 issues advancing vs. 1,244 declining with 151 unchanged.

The Real Estate industry currently sits up 0.3% versus the S&P 500, which is up 0.1%. A company within the industry that fell today was Simon Property Group ( SPG), up 0.7%. Top gainers within the industry include Kennedy-Wilson Holdings ( KW), up 4.9%, NorthStar Asset Management Group ( NSAM), up 2.2%, Sunstone Hotel Investors ( SHO), up 1.9% and American Homes 4 Rent ( AMH), up 0.9%.

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

3. Apartment Investment & Management ( AIV) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Apartment Investment & Management is down $0.54 (-1.2%) to $44.98 on light volume. Thus far, 419,436 shares of Apartment Investment & Management exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $44.96-$45.49 after having opened the day at $45.40 as compared to the previous trading day's close of $45.51.

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Apartment Investment and Management Company is a real estate investment trust. The firm engages in the acquisition, ownership, management, and redevelopment of apartment properties. It invests in real estate markets of United States. The firm primarily invests in apartment properties. Apartment Investment & Management has a market cap of $7.2 billion and is part of the financial sector. Shares are up 13.7% year-to-date as of the close of trading on Friday. Currently there are 7 analysts that rate Apartment Investment & Management a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Apartment Investment & Management as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Apartment Investment & Management Ratings Report now.

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2. As of noon trading, Essex Property ( ESS) is down $2.14 (-0.9%) to $224.46 on average volume. Thus far, 176,753 shares of Essex Property exchanged hands as compared to its average daily volume of 421,300 shares. The stock has ranged in price between $224.40-$227.60 after having opened the day at $226.37 as compared to the previous trading day's close of $226.60.

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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 $15.0 billion and is part of the financial sector. Shares are down 5.3% year-to-date as of the close of trading on Friday. 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 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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1. As of noon trading, Digital Realty ( DLR) is down $0.62 (-0.6%) to $105.94 on light volume. Thus far, 686,292 shares of Digital Realty exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $105.56-$106.72 after having opened the day at $106.18 as compared to the previous trading day's close of $106.56.

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Digital Realty Trust, Inc., a real estate investment trust (REIT), through its controlling interest in Digital Realty Trust, L.P., engages in the ownership, acquisition, development, redevelopment, and management of technology-related real estate. Digital Realty has a market cap of $15.7 billion and is part of the financial sector. Shares are up 40.9% year-to-date as of the close of trading on Friday. Currently there are 9 analysts that rate Digital Realty a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Digital Realty as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, 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 Digital Realty 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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