5 Real Estate Stocks On The Rise
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
All three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 98 points (-0.7%) at 14,507 as of Friday, April 5, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,009 issues advancing vs. 1,921 declining with 109 unchanged.
The Real Estate industry currently is unchanged today versus the S&P 500, which is down 0.9%. A company within the industry that increased today was Icahn (IEP), up 1.6%. On the negative front, top decliners within the industry include Duke Realty (DRE), down 1.9%, Jones Lang LaSalle (JLL), down 1.8%, American Tower (AMT), down 1.5%, Plum Creek Timber (PCL), down 1.4% and Brookfield Office Properties (BPO), down 1.3%.
TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:
5. Altisource Portfolio Solutions (ASPS) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Altisource Portfolio Solutions is up $1.76 (2.5%) to $72.68 on average volume Thus far, 143,769 shares of Altisource Portfolio Solutions exchanged hands as compared to its average daily volume of 235,700 shares. The stock has ranged in price between $69.48-$73.26 after having opened the day at $70.02 as compared to the previous trading day's close of $70.93.
Altisource Portfolio Solutions S.A., together with its subsidiaries, provides services related to real estate and mortgage portfolio management, asset recovery, and customer relationship management in the United States. Altisource Portfolio Solutions has a market cap of $1.6 billion and is part of the financial sector. The company has a P/E ratio of 15.7, below the S&P 500 P/E ratio of 17.7. Shares are down 18.1% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Altisource Portfolio Solutions a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates Altisource Portfolio Solutions as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Altisource Portfolio Solutions Ratings Report now.
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