Today's Stocks Driving Success For The Real Estate Industry

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 77 points (0.5%) at 16,913 as of Friday, June 6, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,319 issues advancing vs. 667 declining with 134 unchanged.

The Real Estate industry currently sits up 0.4% versus the S&P 500, which is up 0.4%. Top gainers within the industry include E-House China Holdings ( EJ), up 3.5%, Brookfield Residential Properties ( BRP), up 2.6%, Altisource Portfolio Solutions ( ASPS), up 2.0%, Brookfield Property Partners ( BPY), up 1.4% and Icahn ( IEP), up 0.6%. On the negative front, top decliners within the industry include Douglas Emmett ( DEI), down 1.2%, Extra Space Storage ( EXR), down 1.0%, Taubman Centers ( TCO), down 1.0%, Camden Property ( CPT), down 0.9% and Prologis ( PLD), down 0.9%.

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

3. CoStar Group ( CSGP) is one of the companies pushing the Real Estate industry higher today. As of noon trading, CoStar Group is up $6.88 (4.2%) to $169.09 on heavy volume. Thus far, 1.1 million shares of CoStar Group exchanged hands as compared to its average daily volume of 260,700 shares. The stock has ranged in price between $163.48-$171.00 after having opened the day at $164.00 as compared to the previous trading day's close of $162.21.

CoStar Group, Inc. provides information, analytics, and marketing services to the commercial real estate industry in the United States, the United Kingdom, and France. CoStar Group has a market cap of $4.6 billion and is part of the financial sector. Shares are down 13.1% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts who rate CoStar Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates CoStar Group as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full CoStar Group 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 ( OCN) is up $0.68 (1.8%) to $37.38 on average volume. Thus far, 953,179 shares of Ocwen Financial exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $36.75-$37.85 after having opened the day at $36.78 as compared to the previous trading day's close of $36.71.

Ocwen Financial Corporation, through its subsidiaries, is engaged in the servicing and origination of mortgage loans in the United States and internationally. Ocwen Financial has a market cap of $4.9 billion and is part of the financial sector. Shares are down 33.8% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts who rate Ocwen Financial a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Ocwen Financial as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. Get the full Ocwen Financial 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 $0.52 (0.6%) to $90.26 on light volume. Thus far, 585,630 shares of American Tower exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $89.65-$90.45 after having opened the day at $89.90 as compared to the previous trading day's close of $89.73.

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 $35.2 billion and is part of the financial sector. Shares are up 11.5% year-to-date as of the close of trading on Thursday. 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, increase in stock price during the past year, increase in net income, good cash flow from operations and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. 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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