OCN, RLGY And Z, Pushing Real Estate Industry Downward

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 125 points (-0.7%) at 16,899 as of Tuesday, July 8, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 971 issues advancing vs. 2,018 declining with 168 unchanged.

The Real Estate industry currently sits down 0.2% versus the S&P 500, which is down 0.9%. On the negative front, top decliners within the industry include E-House China Holdings ( EJ), down 5.3%, CoStar Group ( CSGP), down 4.2%, HFF ( HF), down 3.1%, Kennedy-Wilson Holdings ( KW), down 2.1% and Icahn ( IEP), down 1.2%. Top gainers within the industry include Healthcare Trust of America ( HTA), up 2.1%, National Retail Properties ( NNN), up 1.8%, Equity Lifestyle Properties ( ELS), up 1.5%, Apartment Investment & Management Company ( AIV), up 1.3% and Weyerhaeuser ( WY), up 1.1%.

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

3. Ocwen Financial ( OCN) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Ocwen Financial is down $0.69 (-1.9%) to $36.18 on light volume. Thus far, 464,325 shares of Ocwen Financial exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $35.90-$36.77 after having opened the day at $36.64 as compared to the previous trading day's close of $36.87.

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 $5.0 billion and is part of the financial sector. Shares are down 33.5% 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.

2. As of noon trading, Realogy Holdings ( RLGY) is down $0.38 (-1.0%) to $38.18 on average volume. Thus far, 847,599 shares of Realogy Holdings exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $38.18-$38.62 after having opened the day at $38.57 as compared to the previous trading day's close of $38.56.

Realogy Holdings Corp. provides real estate and relocation services worldwide. Realogy Holdings has a market cap of $5.6 billion and is part of the financial sector. Shares are down 22.1% year-to-date as of the close of trading on Monday. Currently there are 7 analysts that rate Realogy Holdings a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Realogy Holdings as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full Realogy 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.

1. As of noon trading, Zillow ( Z) is down $7.31 (-5.4%) to $128.04 on average volume. Thus far, 1.3 million shares of Zillow exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $127.94-$134.90 after having opened the day at $134.80 as compared to the previous trading day's close of $135.35.

Zillow, Inc. operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company owns and operates Zillow.com. Zillow has a market cap of $4.8 billion and is part of the financial sector. Shares are up 65.6% year-to-date as of the close of trading on Monday. Currently there are 3 analysts that rate Zillow a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Zillow as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and feeble growth in its earnings per share. Get the full Zillow 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).

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