Walter Investment Management Corp (WAC): 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.

Walter Investment Management ( WAC) 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, Walter Investment Management fell $1.88 (-4.5%) to $39.82 on average volume. Throughout the day, 828,604 shares of Walter Investment Management exchanged hands as compared to its average daily volume of 742,100 shares. The stock ranged in price between $39.42-$41.68 after having opened the day at $40.80 as compared to the previous trading day's close of $41.70. Other companies within the Real Estate industry that declined today were: Roberts Realty Investors ( RPI), down 7.3%, Homex Development ( HXM), down 5.2%, PennyMac Financial Services Inc Class A ( PFSI), down 4.6% and CKX Lands ( CKX), down 4.2%.

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 $1.5 billion and is part of the financial sector. Shares are down 3.1% year to date as of the close of trading on Thursday. Currently there are 6 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 sell. Among the areas we feel are negative, one of the most important has been weak operating cash flow.

On the positive front, Altis Resident ( RESI), up 31.3%, Income Opportunity Realty Investors ( IOT), up 12.4%, Owens Realty Mortgage ( ORM), up 6.4% and Zillow ( Z), up 5.7% , were all gainers within the real estate industry with Simon Property Group ( SPG) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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