5 Stocks Pushing The Real Estate Industry Lower

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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading up 15 points (0.1%) at 12,980 as of Tuesday, Dec. 4, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,319 issues advancing vs. 1,553 declining with 162 unchanged.

The Real Estate industry currently sits down 0.1% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include Parkway Properties (PKY), down 5.3%, Altisource Portfolio Solutions (ASPS), down 1.3%, KKR Financial Corporation (KFN), down 1.2%, CBRE Group (CBG), down 1.3% and Icahn (IEP), down 0.7%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:

5. Redwood (RWT) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Redwood is down $0.28 (-1.6%) to $16.52 on average volume Thus far, 248,655 shares of Redwood exchanged hands as compared to its average daily volume of 576,100 shares. The stock has ranged in price between $16.49-$16.83 after having opened the day at $16.80 as compared to the previous trading day's close of $16.79.

Redwood Trust, Inc., a real estate investment trust (REIT), together with its subsidiaries, engages in investing, financing, and managing real estate assets. Redwood has a market cap of $1.4 billion and is part of the financial sector. The company has a P/E ratio of 15.9, below the S&P 500 P/E ratio of 17.7. Shares are up 64.2% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Redwood a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Redwood as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and revenue 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 Redwood Ratings Report now.

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