3 Stocks Pulling The Real Estate Industry Downward

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 59 points (-0.4%) at 16,657 as of Wednesday, May 14, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,380 issues advancing vs. 1,556 declining with 176 unchanged.

The Real Estate industry currently sits up 0.1% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the industry include Alto Palermo ( APSA), down 4.6%, and CoStar Group ( CSGP), down 1.6%. Top gainers within the industry include Altisource Portfolio Solutions ( ASPS), up 3.3%, St Joe ( JOE), up 3.0%, Nationstar Mortgage Holdings ( NSM), up 1.9%, American Campus Communities ( ACC), up 1.3% and Omega Healthcare Investors ( OHI), up 1.3%.

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

3. Walter Investment Management ( WAC) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Walter Investment Management is down $1.28 (-4.2%) to $29.01 on average volume. Thus far, 775,353 shares of Walter Investment Management exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $28.47-$30.43 after having opened the day at $30.27 as compared to the previous trading day's close of $30.29.

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 $1.2 billion and is part of the financial sector. Shares are down 14.3% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Walter Investment Management a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Walter Investment Management as a sell. The company's weaknesses can be seen in multiple areas, such as its poor profit margins and generally disappointing historical performance in the stock itself. Get the full Walter Investment Management Ratings Report now.

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