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CIT Group Inc (CIT): Today's Featured Real Estate Laggard

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.

CIT Group (CIT) pushed the Real Estate industry lower today making it today's featured Real Estate laggard. The industry as a whole closed the day up 0.4%. By the end of trading, CIT Group fell 77 cents (-2.1%) to $36.43 on average volume. Throughout the day, 1.2 million shares of CIT Group exchanged hands as compared to its average daily volume of 1.5 million shares. The stock ranged in price between $36.20-$36.95 after having opened the day at $36.87 as compared to the previous trading day's close of $37.20. Other companies within the Real Estate industry that declined today were: American Spectrum Realty (AQQ), down 4.5%, E-House China Holdings (EJ), down 3.9%, Thomas Properties Group (TPGI), down 3.6%, and Select Income REIT (SIR), down 3.5%.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing, leasing products, and other services to small and middle market businesses. CIT Group has a market cap of $7.32 billion and is part of the financial sector. The company has a P/E ratio of -9.4, below the S&P 500 P/E ratio of 17.7. Shares are up 4.5% year to date as of the close of trading on Friday. Currently there are seven analysts that rate CIT Group a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates CIT Group as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and weak operating cash flow.

On the positive front, Impac Mortgage Holdings (IMH), up 15.3%, Elbit Imaging (EMITF), up 12%, Alto Palermo (APSA), up 11.3%, and China Housing & Land Development (CHLN), up 7.7%, were all gainers within the real estate industry with CBRE Group (CBG) being today's featured real estate industry leader.

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).

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