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

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 lower today making it today's featured Real Estate laggard. The industry as a whole closed the day up 0.7%. By the end of trading, Ocwen Financial Corporation fell $0.81 (-2.0%) to $39.21 on light volume. Throughout the day, 1,966,513 shares of Ocwen Financial Corporation exchanged hands as compared to its average daily volume of 3,837,500 shares. The stock ranged in price between $38.96-$40.44 after having opened the day at $40.37 as compared to the previous trading day's close of $40.02. Other companies within the Real Estate industry that declined today were: Institutional Financial Markets ( IFMI), down 4.0%, China HGS Real Estate ( HGSH), down 3.8%, Nationstar Mortgage Holdings ( NSM), down 3.6% and InnSuites Hospitality ( IHT), down 2.7%.

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 27.8% year to date as of the close of trading on Tuesday. 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 robust revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and relatively poor performance when compared with the S&P 500 during the past year.

On the positive front, E-House China Holdings ( EJ), up 9.2%, Icahn ( IEP), up 8.3%, IFM Investments ( CTC), up 6.8% and QTS Realty ( QTS), up 5.9% , were all gainers within the real estate industry with Host Hotels & Resorts ( HST) being today's featured real estate industry leader.

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).

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