PENGARUH PROFITABILITAS DAN SOLVABILITAS TERHADAP RETURN SAHAM PERUSAHAAN PROPERTY & REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2013-2017

Penelitian ini dilatarbelakangi dengan menurunnya return saham pada perusahaan sektor property & real estate yang terdaftar di Bursa Efek Indonesia periode 2013-2017. Penelitian ini bertujuan untuk mengetahui gambaran profitabilitas yang diukur dengan return on asset (ROA), solvabilitas yang diukur dengan debt to equity ratio (DER) dan return saham, serta untuk mengetahui pengaruh profitabilitas dan solvabilitas terhadap return saham. Penelitian ini menggunakan metode deskriftif dan verifikatif dengan menggunakan pengujian hipotesis. Alat analisis yang digunakan meliputi analisis regresi data panel, uji keberartian regresi dan uji keberartian koefisien regresi. Data yang digunakan adalah data sekunder profitabilitas, solvabilitas dan return saham yang bersumber dari data laporan keuangan perusahaan dan ICMD periode 2013-2017. Populasi penelitian berjumlah 73 perusahaan sektor property & real estate yang terdaftar di Bursa Efek Indonesia periode 2013-2017, Sample data yang diambil dalam penelitian ini berjumlah 42 perusahaan sektor property & real estate menggunakan teknik pengambilan sample purposive sampling. Hasil penelitian menggambarkan profitabilitas fluktuatif cenderung menurun dan solvabilitas fluktuatif cenderung meningkat. Berdasarkan Uji F, profitabilitas dan solvabilitas berpengaruh signifikan terhadap return saham. Berdasarkan Uji T, profitabilitas berpengaruh positif terhadap return saham dan solvabiltias berpengaruh positif terhadap return Saham. Kata kunci : Profitabilitas, Solvabilitas, Return Saham ----------- This research is motivated by a decrease in stock returns in property & real estate sector companies listed on the Indonesia Stock Exchange in the period 2013-2017. This study aims to determine the picture of profitability as measured by return on assets (ROA), solvability measured by debt to equity ratio (DER) and stock returns, and to determine the effect of profitability and solvability on stock returns. This research uses descriptive and verification methods by using hypothesis testing. The analysis tools used include panel data regression analysis, regression significance test and significance coefficient regression test. The data used are secondary data on profitability, solvability and stock returns sourced from the company's financial statement data and ICMD for the period 2013-2017. The population of the study was 73 property & real estate sector companies listed on the Indonesia Stock Exchange in the 2013-2017 period. Sample data taken in this study amounted to 42 property & real estate sector companies using purposive sampling technique. The results of the study illustrate that fluctuating profitability tends to decrease and fluctuating solvability tends to increase. Based on the F Test, profitability and solvability have a significant effect on stock returns. Based on the T Test, profitability has a positive effect on stock returns and solvability has a positive effect on stock returns. Keywords: Profitability, Solvability, Stock Retur