eXp World in real estate gainers, New York Mortgage Trust in losers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 02 2024
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Gainers:
- Office Properties Income Trust (OPI) surged by 33% after results and notes-related offers.
- Gaucho Group Holdings (VINO) rose by 11%.
- eXp World Holdings (EXPI) increased by 9% following mixed results.
- KE Holdings (BEKE) saw an 8% rise.
- Net Lease Office Properties (NLOP) went up by 6% after an office properties sale announcement.
Losers:
- New York Mortgage Trust (NYMT) dropped by 13% after a Q1 miss.
- Hudson Pacific Properties (HPP) decreased by 7% after Q1 results.
- reAlpha Tech (AIRE) fell by 6%.
S&P 500 Real Estate Sector showed a slight increase of 0.35% to 227.85.
The article discusses real estate stocks finishing positively as analysts become optimistic, with earnings surprising to the upside.
Conversely, real estate stocks are on a downward trajectory due to the market's April pullback intensifying.
Seeking Alpha’s Quant Rating on Real Estate Select Sector SPDR ETF is mentioned in the news.
Analyst Views on AIRE
Wall Street analysts forecast AIRE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AIRE is 2.00 USD with a low forecast of 2.00 USD and a high forecast of 2.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 0.457
Low
2.00
Averages
2.00
High
2.00
Current: 0.457
Low
2.00
Averages
2.00
High
2.00
About AIRE
reAlpha Tech Corp. is a real estate technology company. The Company develops, utilizes, and commercializes its artificial intelligence (AI) focused technology stack to empower retail investor participation in short-term rental properties. The Company is engaged in building technologies for analyzing and acquiring short-term rental properties that meet the for-syndication purposes, and Target Properties. The Company operates through two segments: platform services and the rental business. The platform services segment offers and develops AI-based products and services to customers in the real-estate industry. The Company’s platform services segment technologies include reAlpha BRAIN, reAlpha App, reAlpha HUMINT and BnBGPT. The rental business focuses on purchasing properties for syndication, which process is powered by its platform services technologies. BnBGPT is an AI tool that is powered by a Generative Pre-trained Transformer (GPT) language model.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
