NEW YORK ( TheStreet) -- Alto Palermo (Nasdaq: APSA) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and robust revenue growth. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. Alto Palermo S.A. engages in the ownership, acquisition, development, leasing, management, and operation of shopping centers, as well as residential and commercial complexes in Argentina. The company has a P/E ratio of 29.3, below the average real estate industry P/E ratio of 43 and above the S&P 500 P/E ratio of 22.6. Alto Palermo has a market cap of $488.4 million and is part of the financial sector and real estate industry. The stock last closed at $15.51 and the average volume of shares traded for Alto Palermo has been 2,000 shares per day over the past 30 days. Shares are down 5.5% year to date as of the close of trading on Thursday. You can view the full Alto Palermo Ratings Report or get investment ideas from our investment research center.