Real estate stocks benefit greatly from interest rate cuts, if you can judge by the action in the sector following Fed Reserve Chair Jerome Powell’s Wednesday announcement. Investors hit the buy button on these names, all of which continued upward to new highs for the year.
Reals estate stocks hitting new highs on interest rate cut
Brookfield Corp daily price chart, 9 18 25.
stockcharts.com
The company is in real estate as a significant part of its asset management work. Headquartered in Toronto, Brookfield has operations worldwide. The market capitalization is $116.69 billion. This year’s earnings are off by 7.14% and down over the past three years by 49.88%.
This week’s new high near $70 is quite a move upward from the April low near $44. On the daily price chart above, you can see where the 50-day moving average crossed above the 200-day moving average in mid-June.
Cushman & Wakefield daily price chart, 9 18 25.
stockcharts.com
This real estate services firm is based in London with offices in New York and around the world. The market cap is $3.91 billion. It’s a member of the Russell 2000 small caps ETF. Earnings this year are up 54.87% and down over the past three years by 20.05%. The price-earnings ratio is 19.
The stock price has more than doubled since the April low. The 50-day moving average made it above the 200-day moving average in mid-August.
Jones lang Lasalle daily price chart, 9 18 25.
stockcharts.com
The Chicago-based real estate firm, with offices throughout the United States, has a market cap of $15.15 billion. The price-earnings ratio is 27 and it trades at 2.15 times book value. This year the earnings are up 19.72%. Over the past three years, earnings are down by 15.09%.
The new high this week is near $320 – that’s up from the April low of near $195. The 50-day moving average crossed above the 200-day moving average in early-to-mid August.
Opendoor Technologies daily price chart, 9 18 25.
stockcharts.com
The real estate services firm attempts to allow buyers to find sellers (and vice versa) quickly on the internet. It has a market cap of $7.32 billion. Earnings are up 41% this year and up 20.54% over the past three years. Opendoor Technologies is based in San Francisco.
The price of the stock is up this year more than 460% with Wednesday’s rate cut announcement taking it to nearly $11. This, after it had traded at less than a dollar a share in early July.
Zillow Group daily price chart, 9 18 25.
stockcharts.com
Zillow has a market cap of $21.62 billion. In the residential real estate business for nearly 20 years, the company operates from Seattle headquarters. This year’s earnings are up 17.82% and up over the past three years by 39.04%. The debt-to-equity ratio is .05.
Bernstein on September 16 upgraded their opinion of Zillow from “market perform” to “outperform” with a price target of $105. On the price chart, you can see where the 50-day moving averge crossed above the 200-day moving average at the beginning of August.
Stats courtesy of FinViz.com. Charts courtesy of Stockcharts.com.
No artificial intelligence was used in the writing of this post.
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