3 Stocks Underperforming Today In The Real Estate Industry

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 84 points (0.5%) at 17,140 as of Wednesday, Sept. 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,536 issues advancing vs. 1,417 declining with 186 unchanged.

The Real Estate industry currently sits up 0.2% versus the S&P 500, which is up 0.4%. Top gainers within the industry include Host Hotels & Resorts ( HST), up 1.6%, Brookfield Property Partners ( BPY), up 1.3%, Realogy Holdings ( RLGY), up 1.2%, Icahn ( IEP), up 0.8% and Boston Properties ( BXP), up 0.6%.

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

3. Brookfield Residential Properties ( BRP) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Brookfield Residential Properties is down $0.33 (-1.7%) to $19.51 on light volume. Thus far, 37,969 shares of Brookfield Residential Properties exchanged hands as compared to its average daily volume of 129,400 shares. The stock has ranged in price between $19.48-$19.83 after having opened the day at $19.78 as compared to the previous trading day's close of $19.84.

Brookfield Residential Properties Inc. operates as a land developer and homebuilder in North America. The company constructs single family and multi-family homes; sells lots to homebuilders and third parties; and constructs homes it has developed or purchased from others. Brookfield Residential Properties has a market cap of $2.3 billion and is part of the financial sector. Shares are down 18.0% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Brookfield Residential Properties a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Brookfield Residential Properties as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Brookfield Residential Properties 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, Brookfield Asset Management ( BAM) is down $0.57 (-1.2%) to $46.56 on heavy volume. Thus far, 344,001 shares of Brookfield Asset Management exchanged hands as compared to its average daily volume of 439,200 shares. The stock has ranged in price between $46.46-$47.03 after having opened the day at $46.88 as compared to the previous trading day's close of $47.13.

Brookfield Asset Management Inc. is a publicly owned asset management holding company. Through its subsidiaries the firm invests in the property, power, and infrastructure sectors. Brookfield Asset Management has a market cap of $29.1 billion and is part of the financial sector. Shares are up 21.4% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Brookfield Asset Management a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Brookfield Asset Management as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, reasonable valuation levels, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Brookfield Asset Management 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, Ocwen Financial ( OCN) is down $0.30 (-1.1%) to $26.82 on average volume. Thus far, 1.3 million shares of Ocwen Financial exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $26.42-$27.07 after having opened the day at $27.07 as compared to the previous trading day's close of $27.12.

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 51.1% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Ocwen Financial a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Ocwen Financial as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and notable return on equity. 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.

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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