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 0.5%. By the end of trading, Ocwen Financial Corporation fell $0.99 (-2.6%) to $37.21 on average volume. Throughout the day, 3,501,995 shares of Ocwen Financial Corporation exchanged hands as compared to its average daily volume of 3,631,500 shares. The stock ranged in price between $37.09-$38.20 after having opened the day at $38.14 as compared to the previous trading day's close of $38.20. Other companies within the Real Estate industry that declined today were: JGWPT Holdings Inc Class A ( JGW), down 3.9%, American Realty Investors ( ARL), down 3.5%, Starwood Property ( STWD), down 2.9% and Arbor Realty ( ABR), down 2.6%.

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 $5.3 billion and is part of the financial sector. Shares are down 31.1% 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 robust revenue growth, notable return on equity and expanding profit margins. 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.

On the positive front, Doral Financial ( DRL), up 14.5%, Elbit Imaging ( EMITF), up 9.5%, E-House China Holdings ( EJ), up 9.3% and IRSA Inversiones y Representaciones ( IRS), up 7.6% , were all gainers within the real estate industry with American Tower ( AMT) 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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