3 Stocks Dragging The Real Estate Industry Downward

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 87 points (-0.6%) at 14,874 as of Thursday, June 6, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,317 issues advancing vs. 1,603 declining with 125 unchanged.

The Real Estate industry currently sits up 0.1% versus the S&P 500, which is down 0.38. On the negative front, top decliners within the industry include Prologis ( PLD), down 0.64, and AvalonBay Communities ( AVB), down 0.67. Top gainers within the industry include Howard Hughes ( HHC), up 2.2%, Senior Housing Properties ( SNH), up 2.3%, Weingarten Realty Investors ( WRI), up 1.6%, Taubman Centers ( TCO), up 1.1% and General Growth Properties ( GGP), up 0.8%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry lower today:

3. Icahn ( IEP) is one of the companies pushing the Real Estate industry lower today. As of noon trading, Icahn is down $1.31 (-1.8%) to $70.52 on average volume Thus far, 143,891 shares of Icahn exchanged hands as compared to its average daily volume of 203,700 shares. The stock has ranged in price between $69.01-$72.23 after having opened the day at $71.01 as compared to the previous trading day's close of $71.83.

Icahn Enterprises L.P. engages in the investment, automotive, gaming, railcar, food packaging, metals, real estate, and home fashion businesses in the United States and internationally. Its Investment segment provides investment advisory, and administrative and back office services. Icahn has a market cap of $8.2 billion and is part of the consumer goods sector. The company has a P/E ratio of 12.9, below the S&P 500 P/E ratio of 17.7. Shares are up 67.0% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Icahn a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Icahn as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and disappointing return on equity. Get the full Icahn Ratings Report now.

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