This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Texas Pacific Land Trust (TPL): Today's Featured Real Estate Winner

The real estate industry closed the day down 2.4%. American Realty Investors Inc ( ARL), J.W. Mays Inc ( MAYS), Impac Mortgage Holdings Inc ( IMH), and Supertel Hospitality Inc ( SPPR) were all winners today within the real estate industry with Texas Pacific Land ( TPL) being today's featured real estate winner. Texas Pacific Land rose 62 cents (1.6%) to $38.18 on light volume. Throughout the day, 9,089 shares of Texas Pacific Land exchanged hands as compared to its average daily volume of 12,800 shares.

Texas Pacific Land Trust engages in the sale, lease, and management of land in the United States. It also retains oil and gas royalties, and involves in temporary cash investments. The company leases land to the ranching industry for grazing purposes. Texas Pacific Land has a market cap of $337.5 million and is part of the financial sector. The company has a P/E ratio of 24.6, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 3% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Texas Pacific as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, IFM Investments ( CTC), China Real Estate Information Corporation ( CRIC), Forestar Group Inc ( FOR), and Cedar Shopping Centers Inc ( CDR) were all losers within the real estate industry with Equity Residential ( EQR) being today's real estate industry Loser Spotlight stock.

For investors not wanting singular stock exposure, 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).

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs