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Ocwen Financial Corporation (OCN): Today's Featured Real Estate Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Ocwen Financial Corporation (OCN) pushed the Real Estate industry higher today making it today's featured real estate winner. The industry as a whole closed the day up 0.6%. By the end of trading, Ocwen Financial Corporation rose $0.54 (1.3%) to $40.69 on light volume. Throughout the day, 1,902,090 shares of Ocwen Financial Corporation exchanged hands as compared to its average daily volume of 3,562,700 shares. The stock ranged in a price between $39.40-$41.08 after having opened the day at $40.46 as compared to the previous trading day's close of $40.15. Other companies within the Real Estate industry that increased today were: Elbit Imaging (EMITF), up 32.4%, Vestin Realty Mortgage II (VRTB), up 8.2%, Walter Investment Management (WAC), up 4.7% and Nationstar Mortgage Holdings (NSM), up 4.7%.

Ocwen Financial Corporation, through its subsidiaries, is engaged in the servicing and origination of mortgage loans in the United States and internationally. Ocwen Financial Corporation has a market cap of $5.4 billion and is part of the financial sector. Shares are down 27.6% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Ocwen Financial Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Ocwen Financial Corporation as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, robust revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow.

On the negative front, Doral Financial (DRL), down 9.2%, Supertel Hospitality (SPPR), down 2.5%, Roberts Realty Investors (RPI), down 2.3% and Brookfield Office Properties (BPO), down 2.1% , were all laggards within the real estate industry with Digital Realty (DLR) being today's real estate industry laggard.

For investors not wanting singular stock exposure, 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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