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3 Stocks Pushing The Real Estate Industry Lower

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.

The Real Estate industry as a whole closed the day down 0.1% versus the S&P 500, which was down 0.5%. Laggards within the Real Estate industry included Supertel Hospitality ( SPPR), down 10.3%, Wheeler Real Estate Investment ( WHLR), down 1.9%, Gazit-Globe ( GZT), down 1.9%, Tejon Ranch ( TRC), down 2.7% and LGI Homes ( LGIH), down 4.0%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

Tejon Ranch ( TRC) is one of the companies that pushed the Real Estate industry lower today. Tejon Ranch was down $0.85 (2.7%) to $31.11 on light volume. Throughout the day, 17,827 shares of Tejon Ranch exchanged hands as compared to its average daily volume of 51,700 shares. The stock ranged in price between $30.90-$31.82 after having opened the day at $31.82 as compared to the previous trading day's close of $31.96.

Tejon Ranch Co., through its subsidiaries, operates as a real estate development and agribusiness company. The company operates in four business segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, and Farming. Tejon Ranch has a market cap of $657.8 million and is part of the financial sector. Shares are down 13.1% year-to-date as of the close of trading on Thursday.

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TheStreet Ratings rates Tejon Ranch as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

Highlights from TheStreet Ratings analysis on TRC go as follows:

  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Real Estate Management & Development industry. The net income increased by 81.0% when compared to the same quarter one year prior, rising from $0.62 million to $1.11 million.
  • TRC's debt-to-equity ratio is very low at 0.02 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with this, the company maintains a quick ratio of 6.08, which clearly demonstrates the ability to cover short-term cash needs.
  • Net operating cash flow has increased to $4.78 million or 34.09% when compared to the same quarter last year. Despite an increase in cash flow, TEJON RANCH CO's cash flow growth rate is still lower than the industry average growth rate of 61.72%.
  • TEJON RANCH CO reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, TEJON RANCH CO reported lower earnings of $0.20 versus $0.22 in the prior year.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Real Estate Management & Development industry and the overall market on the basis of return on equity, TEJON RANCH CO underperformed against that of the industry average and is significantly less than that of the S&P 500.

You can view the full analysis from the report here: Tejon Ranch Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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