OCN, O And RLGY, 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 7 points (0.0%) at 17,094 as of Thursday, July 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,609 issues advancing vs. 1,334 declining with 169 unchanged.

The Real Estate industry currently is unchanged today versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the industry include Government Properties Income ( GOV), down 4.8%, Brookfield Residential Properties ( BRP), down 3.1%, American Realty Capital Properties ( ARCP), down 0.9%, General Growth Properties ( GGP), down 0.7% and Icahn ( IEP), down 0.5%. Top gainers within the industry include Altisource Portfolio Solutions ( ASPS), up 3.7%, Dupont Fabros Technology ( DFT), up 3.4%, AvalonBay Communities ( AVB), up 2.3%, Howard Hughes ( HHC), up 1.1% and Public Storage ( PSA), up 0.6%.

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 $0.40 (-1.1%) to $35.95 on light volume. Thus far, 342,689 shares of Ocwen Financial exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $35.86-$36.65 after having opened the day at $36.65 as compared to the previous trading day's close of $36.35.

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 $4.8 billion and is part of the financial sector. Shares are down 34.5% year-to-date as of the close of trading on Wednesday. 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, Realty Income ( O) is down $0.76 (-1.7%) to $44.53 on heavy volume. Thus far, 1.3 million shares of Realty Income exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $44.30-$45.56 after having opened the day at $45.50 as compared to the previous trading day's close of $45.29.

Realty Income Corporation is a publicly traded real estate investment trust. It invests in the real estate markets of the United States. The firm makes investments in commercial real estate. Realty Income Corporation was founded in 1969 and is based in Escondido, California. Realty Income has a market cap of $10.0 billion and is part of the financial sector. Shares are up 21.3% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Realty Income a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Realty Income as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, impressive record of earnings per share growth, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Realty Income 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, Realogy Holdings ( RLGY) is down $0.49 (-1.3%) to $38.30 on light volume. Thus far, 500,684 shares of Realogy Holdings exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $38.20-$38.80 after having opened the day at $38.74 as compared to the previous trading day's close of $38.79.

Realogy Holdings Corp. provides real estate and relocation services worldwide. Realogy Holdings has a market cap of $5.5 billion and is part of the financial sector. Shares are down 21.6% year-to-date as of the close of trading on Wednesday. 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.

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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