Icahn Enterprises LP (IEP): Today's Featured Real Estate Laggard

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.

Icahn ( IEP) pushed the Real Estate industry lower today making it today's featured Real Estate laggard. The industry as a whole closed the day up 1.3%. By the end of trading, Icahn fell $2.61 (-2.2%) to $118.40 on average volume. Throughout the day, 497,192 shares of Icahn exchanged hands as compared to its average daily volume of 334,500 shares. The stock ranged in price between $115.18-$121.11 after having opened the day at $120.14 as compared to the previous trading day's close of $121.01. Other companies within the Real Estate industry that declined today were: InnSuites Hospitality ( IHT), down 13.2%, American Realty Investors ( ARL), down 6.2%, Income Opportunity Realty Investors ( IOT), down 5.0% and ZipRealty ( ZIPR), down 4.3%.

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 $14.0 billion and is part of the conglomerates sector. The company has a P/E ratio of 16.9, below the S&P 500 P/E ratio of 17.7. Shares are up 174.2% year to date as of the close of trading on Tuesday. 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 buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, attractive valuation levels, expanding profit margins and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front, Marlin Business Services ( MRLN), up 10.1%, Gaming and Leisure Properties ( GLPI), up 8.3%, Doral Financial ( DRL), up 5.7% and New Residential Investment ( NRZ), up 4.7% , were all gainers within the real estate industry with Simon Property Group ( SPG) 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).

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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