3 Stocks Moving The Real Estate Industry Upward

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 17 points (-0.1%) at 16,759 as of Monday, June 16, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,419 issues advancing vs. 1,541 declining with 179 unchanged.

The Real Estate industry currently sits down 0.1% versus the S&P 500, which is unchanged. Top gainers within the industry include Altisource Portfolio Solutions ( ASPS), up 7.0%, St Joe ( JOE), up 2.1%, Gazit-Globe ( GZT), up 1.3%, Icahn ( IEP), up 1.1% and Retail Properties of America ( RPAI), up 1.1%. On the negative front, top decliners within the industry include Nationstar Mortgage Holdings ( NSM), down 2.0%, Realogy Holdings ( RLGY), down 1.2%, Extra Space Storage ( EXR), down 1.1%, Brookfield Asset Management ( BAM), down 0.7% and Realty Income ( O), down 0.6%.

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

3. Ocwen Financial ( OCN) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Ocwen Financial is up $0.23 (0.6%) to $36.47 on light volume. Thus far, 263,727 shares of Ocwen Financial exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $36.00-$36.53 after having opened the day at $36.15 as compared to the previous trading day's close of $36.24.

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 34.6% year-to-date as of the close of trading on Friday. 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.

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