3 Stocks Pushing The Real Estate Industry Lower

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 86 points (-0.5%) at 16,084 as of Friday, April 11, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,014 issues advancing vs. 1,941 declining with 158 unchanged.

The Real Estate industry currently sits down 0.5% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include Nationstar Mortgage Holdings ( NSM), down 4.5%, Zillow ( Z), down 3.6%, Realogy Holdings ( RLGY), down 1.8%, Rayonier ( RYN), down 1.7% and Liberty Property ( LPT), down 1.5%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. AvalonBay Communities ( AVB) is one of the companies pushing the Real Estate industry lower today. As of noon trading, AvalonBay Communities is down $0.80 (-0.6%) to $132.02 on light volume. Thus far, 338,731 shares of AvalonBay Communities exchanged hands as compared to its average daily volume of 957,800 shares. The stock has ranged in price between $131.88-$133.30 after having opened the day at $131.92 as compared to the previous trading day's close of $132.82.

AvalonBay Communities, Inc. engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States. AvalonBay Communities has a market cap of $17.3 billion and is part of the financial sector. Shares are up 12.3% year-to-date as of the close of trading on Thursday. Currently there are 8 analysts that rate AvalonBay Communities a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates AvalonBay Communities as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and relatively poor performance when compared with the S&P 500 during the past year. Get the full AvalonBay Communities Ratings Report now.

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

2. As of noon trading, Ocwen Financial Corporation ( OCN) is down $0.54 (-1.4%) to $37.92 on light volume. Thus far, 706,230 shares of Ocwen Financial Corporation exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $37.51-$38.46 after having opened the day at $38.33 as compared to the previous trading day's close of $38.46.

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 $5.2 billion and is part of the financial sector. Shares are down 30.7% year-to-date as of the close of trading on Thursday. 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. Get the full Ocwen Financial Corporation Ratings Report now.

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

1. As of noon trading, American Tower ( AMT) is down $0.47 (-0.6%) to $81.08 on light volume. Thus far, 832,924 shares of American Tower exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $80.76-$81.54 after having opened the day at $81.24 as compared to the previous trading day's close of $81.55.

American Tower Corporation is a real estate investment trust. It invests in the real estate markets across the globe. The firm through its subsidiaries owns, operates and develops wireless and broadcast communications real estate. American Tower has a market cap of $32.4 billion and is part of the financial sector. Shares are up 2.2% year-to-date as of the close of trading on Thursday. Currently there are 14 analysts that rate American Tower a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates American Tower as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full American Tower Ratings Report now.

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

If you are interested in one of these 3 stocks, 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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