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5 Stocks Dragging In The Real Estate Industry

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 52 points (-0.4%) at 14,567 as of Thursday, April 18, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,288 issues advancing vs. 1,600 declining with 135 unchanged.

The Real Estate industry currently sits down 0.24 versus the S&P 500, which is down 0.48. Top gainers within the industry include Nationstar Mortgage Holdings ( NSM), up 1.4%, Icahn ( IEP), up 0.5% and National Retail Properties ( NNN), up 0.9%.

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

5. Newcastle Investment Corporation ( NCT) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Newcastle Investment Corporation is down $0.23 (-2.2%) to $10.06 on average volume Thus far, 2.6 million shares of Newcastle Investment Corporation exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $10.05-$10.31 after having opened the day at $10.27 as compared to the previous trading day's close of $10.29.

Newcastle Investment Corp. operates as a real estate investment and finance company in the United States. Newcastle Investment Corporation has a market cap of $2.7 billion and is part of the financial sector. The company has a P/E ratio of 3.6, below the S&P 500 P/E ratio of 17.7. Shares are up 18.5% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Newcastle Investment Corporation as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. Get the full Newcastle Investment Corporation Ratings Report now.

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