3 Stocks Driving The Real Estate Industry Higher

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 44 points (0.2%) at 18,603 as of Wednesday, July 20, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,983 issues advancing vs. 916 declining with 144 unchanged.

The Real Estate industry currently sits up 0.3% versus the S&P 500, which is up 0.4%. Top gainers within the industry include Alexander's ( ALX), up 2.0%, and Weyerhaeuser ( WY), up 0.9%. On the negative front, top decliners within the industry include LendingTree ( TREE), down 5.2%, Brookfield Property Partners ( BPY), down 1.2%, Digital Realty ( DLR), down 1.2%, Equity Lifestyle Properties ( ELS), down 1.1% and Equity Residential ( EQR), down 0.9%.

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

3. CoStar Group ( CSGP) is one of the companies pushing the Real Estate industry higher today. As of noon trading, CoStar Group is up $1.79 (0.8%) to $221.30 on light volume. Thus far, 29,521 shares of CoStar Group exchanged hands as compared to its average daily volume of 172,700 shares. The stock has ranged in price between $220.10-$221.90 after having opened the day at $220.19 as compared to the previous trading day's close of $219.51.

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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 6.2% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who 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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2. As of noon trading, Realogy Holdings ( RLGY) is up $0.72 (2.5%) to $29.96 on average volume. Thus far, 709,487 shares of Realogy Holdings exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $29.09-$29.96 after having opened the day at $29.24 as compared to the previous trading day's close of $29.24.

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Realogy Holdings Corp. provides real estate and relocation services worldwide. Realogy Holdings has a market cap of $4.3 billion and is part of the financial sector. Shares are down 20.3% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who rate Realogy Holdings a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Realogy Holdings as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and generally higher debt management risk. Get the full Realogy Holdings Ratings Report now.

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1. As of noon trading, Alexandria Real Estate Equities ( ARE) is up $0.71 (0.7%) to $105.63 on light volume. Thus far, 214,939 shares of Alexandria Real Estate Equities exchanged hands as compared to its average daily volume of 694,800 shares. The stock has ranged in price between $104.77-$105.72 after having opened the day at $105.25 as compared to the previous trading day's close of $104.92.

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Alexandria Real Estate Equities, Inc., a real estate investment trust (REIT), engages in the ownership, operation, management, development, acquisition, and redevelopment of properties for the life sciences industry. Alexandria Real Estate Equities has a market cap of $7.7 billion and is part of the financial sector. Shares are up 16.1% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Alexandria Real Estate Equities a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Alexandria Real Estate Equities as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity 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 Alexandria Real Estate Equities 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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