3 Real Estate Stocks Dragging The Industry Down

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 5 points (0.0%) at 16,932 as of Tuesday, June 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,934 issues advancing vs. 1,059 declining with 170 unchanged.

The Real Estate industry currently sits up 0.4% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Weyerhaeuser ( WY), up 2.8%, Zillow ( Z), up 2.7%, CoStar Group ( CSGP), up 2.0%, Howard Hughes ( HHC), up 1.7% and Digital Realty ( DLR), up 1.4%.

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

3. Nationstar Mortgage Holdings ( NSM) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Nationstar Mortgage Holdings is down $0.51 (-1.4%) to $36.56 on light volume. Thus far, 221,976 shares of Nationstar Mortgage Holdings exchanged hands as compared to its average daily volume of 702,600 shares. The stock has ranged in price between $36.33-$37.05 after having opened the day at $37.05 as compared to the previous trading day's close of $37.07.

Nationstar Mortgage Holdings Inc. provides residential mortgage loan services in the United States. The company operates in two segments, Servicing and Originations. Nationstar Mortgage Holdings has a market cap of $3.3 billion and is part of the financial sector. Shares are up 0.3% year-to-date as of the close of trading on Monday. Currently there is 1 analyst that rates Nationstar Mortgage Holdings a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Nationstar Mortgage Holdings as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and a generally disappointing performance in the stock itself. Get the full Nationstar Mortgage Holdings 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 ( OCN) is down $0.34 (-0.9%) to $38.06 on light volume. Thus far, 407,492 shares of Ocwen Financial exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $37.70-$38.37 after having opened the day at $38.29 as compared to the previous trading day's close of $38.40.

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 $5.1 billion and is part of the financial sector. Shares are down 30.8% year-to-date as of the close of trading on Monday. Currently there are 5 analysts that 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.

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, Health Care REIT ( HCN) is down $0.34 (-0.5%) to $63.17 on average volume. Thus far, 820,545 shares of Health Care REIT exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $63.12-$63.60 after having opened the day at $63.44 as compared to the previous trading day's close of $63.51.

Health Care REIT, Inc. is an independent equity real estate investment trust. The firm engages in acquiring, planning, developing, managing, repositioning and monetizing of real estate assets. It primarily invests in the real estate markets of the United States. Health Care REIT has a market cap of $18.5 billion and is part of the financial sector. Shares are up 18.6% year-to-date as of the close of trading on Monday. Currently there are 6 analysts that rate Health Care REIT a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Health Care REIT as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Health Care REIT 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).
null

If you liked this article you might like

A Mortgage Lending CEO Reveals Why Millennials Are Buying Homes Later in Life
Top 7 Financial Stocks to Own for 2017

Top 7 Financial Stocks to Own for 2017

Citi's Focus on New Mortgages Spurs $982 Million Sale of Servicing Rights

Citi's Focus on New Mortgages Spurs $982 Million Sale of Servicing Rights

Don't Roll the Dice on Central Bank News

Don't Roll the Dice on Central Bank News

Strong On High Volume: Nationstar Mortgage Holdings (NSM)

Strong On High Volume: Nationstar Mortgage Holdings (NSM)