3 Stocks Pulling The 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 66 points (-0.4%) at 16,378 as of Thursday, Aug. 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,344 issues advancing vs. 1,660 declining with 123 unchanged.

The Real Estate industry currently is unchanged today versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the industry include Altisource Portfolio Solutions ( ASPS), down 3.1%, Icahn ( IEP), down 1.4%, Starwood Property ( STWD), down 0.9% and Realogy Holdings ( RLGY), down 0.8%. Top gainers within the industry include Kennedy-Wilson Holdings ( KW), up 6.5%, PennyMac Mortgage Investment ( PMT), up 3.9%, Corrections Corp of America ( CXW), up 3.7%, Regency Centers ( REG), up 1.6% and Jones Lang LaSalle ( JLL), up 1.6%.

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 $0.68 (-2.6%) to $25.43 on average volume. Thus far, 1.2 million shares of Ocwen Financial exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $25.42-$26.14 after having opened the day at $26.13 as compared to the previous trading day's close of $26.11.

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 $3.6 billion and is part of the financial sector. Shares are down 52.9% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Ocwen Financial a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Ocwen Financial as a hold. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. At the same time, however, we also find weaknesses including unimpressive growth in net income 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.

If you liked this article you might like

Wall Street Ends Lower as Crude Slumps, French Election Looms

Stocks Mostly Lower as French Election Raises Uncertainty, Crude Slides Below $50

Stocks Decline as French Election Raises Uncertainty

American Express Sparks Rally on Wall Street, Treasury Secretary's Tax Comments Light a Fire

Closing Bell: Ocwen Financial Loses Half Its Value; Nasdaq Sets New Record