The Real Estate industry as a whole closed the day down 1.4% versus the S&P 500, which was down 1.3%. Laggards within the Real Estate industry included BRASILAGRO - CIA Bras de Prop Agricolas ( LND), down 2.8%, China Housing & Land Development ( CHLN), down 13.0%, Condor Hospitality ( CDOR), down 45.9%, BRT Realty ( BRT), down 2.1% and American Realty Investors ( ARL), down 2.4%.

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

Icahn ( IEP) is one of the companies that pushed the Real Estate industry lower today. Icahn was down $3.34 (4.6%) to $68.80 on heavy volume. Throughout the day, 232,621 shares of Icahn exchanged hands as compared to its average daily volume of 84,600 shares. The stock ranged in price between $68.56-$72.00 after having opened the day at $72.00 as compared to the previous trading day's close of $72.14.

Icahn Enterprises L.P., through its subsidiaries, operates in investment, automotive, energy, metals, railcar, gaming, food packaging, real estate, and home fashion businesses in the United States, Germany, and Internationally. Its Investment segment operates various private investment funds. Icahn has a market cap of $9.2 billion and is part of the conglomerates sector. Shares are down 22.0% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Icahn a buy, no analysts rate it a sell, and 1 rates it a hold.

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TheStreet Ratings rates Icahn as a hold. Among the primary strengths of the company is its generally strong cash flow from operations. At the same time, however, we also find weaknesses including generally higher debt management risk, disappointing return on equity and a generally disappointing performance in the stock itself.

Highlights from TheStreet Ratings analysis on IEP go as follows:

  • Net operating cash flow has significantly increased by 1041.66% to $339.00 million when compared to the same quarter last year. In addition, ICAHN ENTERPRISES LP has also vastly surpassed the industry average cash flow growth rate of 3.48%.
  • IEP, with its decline in revenue, underperformed when compared the industry average of 4.2%. Since the same quarter one year prior, revenues fell by 22.0%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • ICAHN ENTERPRISES LP 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 year. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, ICAHN ENTERPRISES LP swung to a loss, reporting -$2.92 versus $8.98 in the prior year. This year, the market expects an improvement in earnings ($7.24 versus -$2.92).
  • The debt-to-equity ratio is very high at 2.30 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company.
  • 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 Industrial Conglomerates industry and the overall market, ICAHN ENTERPRISES LP's return on equity significantly trails that of both the industry average and the S&P 500.

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

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At the close, BRT Realty ( BRT) was down $0.15 (2.1%) to $6.93 on average volume. Throughout the day, 5,419 shares of BRT Realty exchanged hands as compared to its average daily volume of 3,700 shares. The stock ranged in price between $6.91-$7.02 after having opened the day at $6.98 as compared to the previous trading day's close of $7.08.

BRT Realty Trust, a real estate investment trust (REIT), owns, operates, and develops multi-family properties in the United States. It operates through two segments, Multi-Family Real Estate and Other Real Estate. BRT Realty has a market cap of $98.3 million and is part of the conglomerates sector. Shares are up 1.4% year-to-date as of the close of trading on Wednesday.

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TheStreet Ratings rates BRT Realty 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, poor profit margins and generally disappointing historical performance in the stock itself.

Highlights from TheStreet Ratings analysis on BRT go as follows:

  • BRT REALTY TRUST 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, BRT REALTY TRUST reported poor results of -$0.76 versus -$0.25 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 Investment Trusts (REITs) industry. The net income has significantly decreased by 678.9% when compared to the same quarter one year ago, falling from -$0.33 million to -$2.58 million.
  • Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. Compared to other companies in the Real Estate Investment Trusts (REITs) industry and the overall market, BRT REALTY TRUST's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for BRT REALTY TRUST is currently extremely low, coming in at 11.77%. Regardless of BRT's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, BRT's net profit margin of -12.14% significantly underperformed when compared to the industry average.
  • In its most recent trading session, BRT has closed at a price level that was not very different from its closing price of one year earlier. This is probably due to its weak earnings growth as well as other mixed factors. 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.

You can view the full analysis from the report here: BRT Realty 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 $0.29 (13.0%) to $1.94 on heavy volume. Throughout the day, 22,915 shares of China Housing & Land Development exchanged hands as compared to its average daily volume of 5,900 shares. The stock ranged in price between $1.86-$2.30 after having opened the day at $2.30 as compared to the previous trading day's close of $2.23.

China Housing & Land Development, Inc., a real estate development company, acquires, develops, manages, and sells 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 $11.6 million and is part of the conglomerates sector. Shares are down 12.6% 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, poor profit margins and generally disappointing historical performance in the stock itself.

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Highlights from TheStreet Ratings analysis on CHLN go as follows:

  • The debt-to-equity ratio is very high at 2.68 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company.
  • 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 rather low; currently it is at 19.12%. It has decreased significantly from the same period last year. Along with this, the net profit margin of -2.01% is significantly below that of the industry average.
  • 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 85.79%, 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.
  • 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 swung to a loss, reporting -$3.10 versus $1.70 in the prior year.

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

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