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The Real Estate industry as a whole closed the day down 0.2% versus the S&P 500, which was up 0.2%. Laggards within the Real Estate industry included BRASILAGRO - CIA Bras de Prop Agricolas ( LND), down 3.7%, Intergroup ( INTG), down 4.4%, China Housing & Land Development ( CHLN), down 5.7%, Impac Mortgage Holdings ( IMH), down 1.5% and IRSA Inversiones y Representaciones ( IRS), down 1.7%.

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

Impac Mortgage Holdings ( IMH) is one of the companies that pushed the Real Estate industry lower today. Impac Mortgage Holdings was down $0.09 (1.5%) to $5.75 on average volume. Throughout the day, 13,982 shares of Impac Mortgage Holdings exchanged hands as compared to its average daily volume of 9,800 shares. The stock ranged in price between $5.60-$5.82 after having opened the day at $5.73 as compared to the previous trading day's close of $5.84.

Impac Mortgage Holdings, Inc. operates as an independent residential mortgage lender. It operates through three segments: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. Impac Mortgage Holdings has a market cap of $54.2 million and is part of the financial sector. Shares are down 2.3% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Impac Mortgage Holdings a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates Impac Mortgage Holdings 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 generally disappointing historical performance in the stock itself.

Highlights from TheStreet Ratings analysis on IMH go as follows:

  • IMPAC MORTGAGE HOLDINGS INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. During the past fiscal year, IMPAC MORTGAGE HOLDINGS INC swung to a loss, reporting -$0.58 versus $1.49 in the prior year.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Thrifts & Mortgage Finance industry. The net income has significantly decreased by 93.3% when compared to the same quarter one year ago, falling from $1.22 million to $0.08 million.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Thrifts & Mortgage Finance industry and the overall market, IMPAC MORTGAGE HOLDINGS INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • The share price of IMPAC MORTGAGE HOLDINGS INC has not done very well: it is down 17.85% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 32.2%. Since the same quarter one year prior, revenues fell by 25.2%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.

You can view the full analysis from the report here: Impac Mortgage Holdings Ratings Report

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At the close, China Housing & Land Development ( CHLN) was down $0.06 (5.7%) to $0.99 on heavy volume. Throughout the day, 126,529 shares of China Housing & Land Development exchanged hands as compared to its average daily volume of 36,400 shares. The stock ranged in price between $0.99-$1.05 after having opened the day at $1.05 as compared to the previous trading day's close of $1.05.

China Housing & Land Development, Inc., a real estate development company, is engaged in the acquisition, development, management, and sale of commercial and residential real estate properties primarily in Xi'an, the People's Republic of China. China Housing & Land Development has a market cap of $39.3 million and is part of the financial sector. Shares are down 54.7% year-to-date as of the close of trading on Wednesday.

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TheStreet Ratings rates China Housing & Land Development 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, generally high debt management risk, disappointing return on equity and poor profit margins.

Highlights from TheStreet Ratings analysis on CHLN go as follows:

  • Although CHLN's debt-to-equity ratio of 2.64 is very high, it is currently less than that of the industry average.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Real Estate Management & Development industry and the overall market, CHINA HOUSING & LAND DEV INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for CHINA HOUSING & LAND DEV INC is currently extremely low, coming in at 11.50%. It has decreased significantly from the same period last year. Along with this, the net profit margin of -15.34% is significantly below that of the industry average.
  • CHINA HOUSING & LAND DEV INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has suffered a declining pattern earnings per share over the past two years. During the past fiscal year, CHINA HOUSING & LAND DEV INC reported lower earnings of $0.34 versus $0.56 in the prior year.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Real Estate Management & Development industry. The net income has significantly decreased by 215.5% when compared to the same quarter one year ago, falling from $5.85 million to -$6.76 million.

You can view the full analysis from the report here: China Housing & Land Development Ratings Report

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Intergroup ( INTG) was another company that pushed the Real Estate industry lower today. Intergroup was down $0.84 (4.4%) to $18.29 on average volume. Throughout the day, 1,400 shares of Intergroup exchanged hands as compared to its average daily volume of 1,100 shares. The stock ranged in price between $18.22-$18.75 after having opened the day at $18.27 as compared to the previous trading day's close of $19.13.

Intergroup has a market cap of $45.6 million and is part of the financial sector. Shares are up 3.5% year-to-date as of the close of trading on Wednesday.

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