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The Real Estate industry as a whole closed the day down 0.3% versus the S&P 500, which was down 0.9%. Laggards within the Real Estate industry included BRASILAGRO - CIA Bras de Prop Agricolas ( LND), down 2.1%, InnSuites Hospitality ( IHT), down 2.0%, China Housing & Land Development ( CHLN), down 9.1%, Elbit Imaging ( EMITF), down 2.9% and Impac Mortgage Holdings ( IMH), down 4.7%.

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

St Joe ( JOE) is one of the companies that pushed the Real Estate industry lower today. St Joe was down $0.78 (4.6%) to $16.25 on average volume. Throughout the day, 655,703 shares of St Joe exchanged hands as compared to its average daily volume of 460,800 shares. The stock ranged in price between $16.20-$17.08 after having opened the day at $17.05 as compared to the previous trading day's close of $17.03.

The St. Joe Company, together with its subsidiaries, operates as a real estate development company in Florida. The company operates in five segments: Residential Real Estate; Commercial Real Estate; Resorts, Leisure, and Leasing Operations; Forestry; and Rural Land. St Joe has a market cap of $1.6 billion and is part of the financial sector. Shares are down 7.4% year-to-date as of the close of trading on Wednesday. Currently there are no analysts who rate St Joe a buy, no analysts rate it a sell, and 1 rates it a hold.

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TheStreet Ratings rates St Joe as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow.

Highlights from TheStreet Ratings analysis on JOE go as follows:

  • JOE's debt-to-equity ratio is very low at 0.24 and is currently below that of the industry average, implying that there has been very successful management of debt levels.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Real Estate Management & Development industry and the overall market, ST JOE CO's return on equity significantly exceeds that of both the industry average and the S&P 500.
  • The revenue fell significantly faster than the industry average of 6.0%. Since the same quarter one year prior, revenues fell by 35.0%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
  • The gross profit margin for ST JOE CO is rather low; currently it is at 20.01%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -0.21% is significantly below that of the industry average.
  • Net operating cash flow has significantly decreased to -$17.71 million or 476.96% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.

You can view the full analysis from the report here: St Joe Ratings Report

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At the close, Impac Mortgage Holdings ( IMH) was down $0.40 (4.7%) to $8.10 on average volume. Throughout the day, 14,104 shares of Impac Mortgage Holdings exchanged hands as compared to its average daily volume of 12,500 shares. The stock ranged in price between $8.10-$8.57 after having opened the day at $8.55 as compared to the previous trading day's close of $8.50.

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 $80.0 million and is part of the financial sector. Shares are up 37.1% 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 disappointing return on equity and weak operating cash flow.

Highlights from TheStreet Ratings analysis on IMH go as follows:

  • 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.
  • Net operating cash flow has significantly decreased to -$83.33 million or 172.47% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • IMPAC MORTGAGE HOLDINGS INC 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, IMPAC MORTGAGE HOLDINGS INC swung to a loss, reporting -$0.58 versus $1.49 in the prior year.
  • The gross profit margin for IMPAC MORTGAGE HOLDINGS INC is currently very high, coming in at 85.37%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of -1.30% is in-line with the industry average.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Thrifts & Mortgage Finance industry. The net income increased by 75.7% when compared to the same quarter one year prior, rising from -$4.95 million to -$1.20 million.

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

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China Housing & Land Development ( CHLN) was another company that pushed the Real Estate industry lower today. China Housing & Land Development was down $0.05 (9.1%) to $0.50 on heavy volume. Throughout the day, 81,503 shares of China Housing & Land Development exchanged hands as compared to its average daily volume of 35,700 shares. The stock ranged in price between $0.47-$0.51 after having opened the day at $0.51 as compared to the previous trading day's close of $0.55.

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 $19.1 million and is part of the financial sector. Shares are up 7.5% year-to-date as of the close of trading on Wednesday.

TheStreet Ratings rates China Housing & Land Development as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity, generally disappointing historical performance in the stock itself and poor profit margins.

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Highlights from TheStreet Ratings analysis on CHLN go as follows:

  • Although CHLN's debt-to-equity ratio of 2.58 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.
  • CHLN's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 77.59%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • The gross profit margin for CHINA HOUSING & LAND DEV INC is rather low; currently it is at 23.40%. Regardless of CHLN's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 7.83% trails the industry average.
  • CHINA HOUSING & LAND DEV INC 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, CHINA HOUSING & LAND DEV INC reported lower earnings of $0.34 versus $0.56 in the prior year.

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