3 Real Estate Stocks Driving The Industry Higher

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 105 points (0.6%) at 16,554 as of Tuesday, April 22, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,226 issues advancing vs. 749 declining with 155 unchanged.

The Real Estate industry currently sits up 0.4% versus the S&P 500, which is up 0.6%. Top gainers within the industry include E-House China Holdings ( EJ), up 6.1%, Zillow ( Z), up 2.6%, KKR Financial Holdings ( KFN), up 2.6%, Howard Hughes ( HHC), up 2.0% and Realogy Holdings ( RLGY), up 1.7%. On the negative front, top decliners within the industry include CommonWealth REIT ( CWH), down 1.7%, Icahn ( IEP), down 1.3%, Macerich Company ( MAC), down 1.1%, Equity Residential ( EQR), down 0.9% and Regency Centers Corporation ( REG), down 0.8%.

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

3. American Realty Capital Properties ( ARCP) is one of the companies pushing the Real Estate industry higher today. As of noon trading, American Realty Capital Properties is up $0.13 (1.0%) to $13.49 on light volume. Thus far, 2.2 million shares of American Realty Capital Properties exchanged hands as compared to its average daily volume of 10.3 million shares. The stock has ranged in price between $13.34-$13.52 after having opened the day at $13.34 as compared to the previous trading day's close of $13.36.

American Realty Capital Properties, Inc. owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants. The company principally invests in retail and office properties. American Realty Capital Properties has a market cap of $10.2 billion and is part of the financial sector. Shares are up 4.0% year-to-date as of the close of trading on Monday. Currently there are 3 analysts who rate American Realty Capital Properties a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates American Realty Capital Properties as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full American Realty Capital Properties Ratings Report now.

3x UPSIDE POTENTIAL: 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 up $0.58 (1.5%) to $38.64 on light volume. Thus far, 830,625 shares of Ocwen Financial Corporation exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $38.04-$38.93 after having opened the day at $38.27 as compared to the previous trading day's close of $38.06.

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 31.4% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who 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.

3x UPSIDE POTENTIAL: 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 up $0.72 (0.9%) to $83.81 on light volume. Thus far, 836,345 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 $82.86-$83.82 after having opened the day at $83.04 as compared to the previous trading day's close of $83.09.

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 $32.7 billion and is part of the financial sector. Shares are up 4.1% year-to-date as of the close of trading on Monday. Currently there are 14 analysts who 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.

3x UPSIDE POTENTIAL: 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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