3 Stocks Pushing The Real Estate Industry Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 0 points (0.0%) at 12,985 as of Thursday, Nov. 29, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,816 issues advancing vs. 1,058 declining with 142 unchanged.

The Real Estate industry currently sits up 0.5% versus the S&P 500, which is up 0.0%. Top gainers within the industry include American Express (AXP), up 1.1%, and AvalonBay Communities (AVB), up 0.6%.

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

3. Walter Investment Management (WAC) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Walter Investment Management is up $2.52 (6.5%) to $41.40 on average volume Thus far, 329,493 shares of Walter Investment Management exchanged hands as compared to its average daily volume of 772,700 shares. The stock has ranged in price between $39.01-$41.48 after having opened the day at $39.23 as compared to the previous trading day's close of $38.88.

Walter Investment Management Corp., together with its subsidiaries, provides business services to the residential mortgage industry in the United States. Walter Investment Management has a market cap of $1.4 billion and is part of the financial sector. The company has a P/E ratio of 134.9, above the S&P 500 P/E ratio of 17.7. Shares are up 89.6% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Walter Investment Management a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Walter Investment Management as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and impressive record of earnings per share growth. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full Walter Investment Management Ratings Report now.

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