RE/MAX Hldgs Stock (NYSE:RMAX), Trade Ideas

RE/MAX Hldgs

RE/MAX Holdings Inc operates as a franchisor of real estate brokerage services. It recruits and retains agents and sells franchises. The company's operating segments include Real Estate, Mortgage, Marketing Funds, and Others. It generates maximum revenue from the Real Estate segment.

inflation ai2

Equities

Large Cap

Mid Cap

Sector ETFs

Small Cap

Econ #s

Federal Reserve

ETFs

EGBN

EXPI

FFIC

HOUS

LBAI

NYCB

OCFC

OPEN

PKST

RMAX

SFBS

XLRE

Select Sector SPDR-Consumer Discretionary

Inflation unexpectedly surges, shattering hopes for Fed rate cuts &amp; sending stocks down. Core inflation also exceeded expectations. No sector escapes losses, with real estate hit hardest.

Real Estate, Regional Bank Stocks Tank, Energy Cushions The Blow: March Inflation Rates Shake Up Sectors

neighborhood ai

Real Estate

EQIX

Landmark settlement reached by NAR to address inflated real estate commissions, expected to have impact on costs for consumers. NAR denies misconduct.

Major NAR Settlement In Real Estate Litigation: Are Commissions About To Get A Lot Lower?

News

ARES

RDFN

RXR, a major property developer led by CEO Scott Rechler, has announced the launch of a $1 billion fund specifically designed to invest in New York City&#39;s distressed office buildings, marking a potential new chapter in the ongoing commercial real estate crisis. 

RXR Launches $1 Billion Fund To Revive New York City&#39;s Office Building Market

RE/MAX Holdings, Inc. Class A Common Stock

RE/MAX Holdings Inc

A fresh unexpected surge in inflation blindsided markets, shattering hopes for imminent Fed rate cuts and sending stocks down across the board. In March 2024, the annual Consumer Price Index (CPI) inflation rate surged to 3.5%, up from February&#8217;s 3.2%, surpassing <a href="https://www.benzinga.com/markets/commodities/24/04/38181302/inflation-rises-more-than-expected-to-3-5-in-march-derails-june-rate-cut-hopes">expectations set at 3.4%. </a>
Adding to concerns, core inflation, which excludes energy and food, also exceeded expectations, reaching 3.8% compared to the anticipated 3.7%, dismissing any justifications solely attributed to higher gasoline price pressures. 
Consequently, investors sharply revised down their expectations for Fed rate cuts, now anticipating the commencement of any easing policy no earlier than September, with less than two rate cuts expected by year-end.
<h3 class="wp-block-heading">What&#8217;s Hot/Cold In The CPI Basket?</h3>
Expenditure categories witnessing the highest month-over-month seasonally adjusted price increase in March were: 
<ul>
<li>Motor vehicle insurance: +2.6%</li>
<li>Motor vehicle maintenance and repair: +1.7%</li>
<li>Gasoline (all types): +1.7%</li>
<li>Hospital services: +1%</li>
<li>Meats, poultry, fish, and eggs: +0.9%</li>
</ul>
Those showing the lowest monthly inflation were: 
<ul>
<li>Fuel oil: down 1.3%</li>
<li>Used cars and trucks: down 1.1%</li>
<li>Cereals and bakery products: down 0.9%</li>
<li>Other food at home: down 0.5%</li>
<li>Airline fares: down 0.4%</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Sector Performance </h3>
By midday trading in New York, losses were broad-based within indices. 
<ul>
<li>454 out of S&amp;P 500 stocks traded in the red</li>
<li>93 Nasdaq 100 stocks were negative</li>
<li>1,783 out of Russell 2000 stocks were negative</li>
<li>898 out of Russell 1000 stocks were negative</li>
</ul>
No sectors managed to evade daily losses, with rate-sensitive pockets of the markets, such as real estate, feeling the brunt more acutely than others.
Energy managed to hold almost steady, as rising gasoline prices improved the outlook for oil companies. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Sector</th>
<th>1-Day %Chg</th>
</tr>
</thead>
<tbody>
<tr>
<td> Energy&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>-0.15%</td>
</tr>
<tr>
<td>Consumer Staples&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>-0.75%</td>
</tr>
<tr>
<td>Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>-0.92%</td>
</tr>
<tr>
<td>Industrials&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>-0.93%</td>
</tr>
<tr>
<td>Health Care&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>-1.07%</td>
</tr>
<tr>
<td>Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>-1.17%</td>
</tr>
<tr>
<td>Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>-1.35%</td>
</tr>
<tr>
<td>Consumer Discretionary&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>-1.44%</td>
</tr>
<tr>
<td>Materials&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>-1.54%</td>
</tr>
<tr>
<td>Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>-1.93%</td>
</tr>
<tr>
<td>Real Estate&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>-3.85%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated At 11:40 a.m. ET</figcaption></figure>
Nine real-estate stocks tumbled by more than 7%: 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-Day %</td>
</tr>
<tr>
<td>Opendoor Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPEN#NYSE">OPEN</a>)</td>
<td>-10.04%</td>
</tr>
<tr>
<td>Global Net Lease, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNL#NYSE">GNL</a>)</td>
<td>-9.83%</td>
</tr>
<tr>
<td>Peakstone Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKST#NYSE">PKST</a>)</td>
<td>-9.26%</td>
</tr>
<tr>
<td>Hudson Pacific Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPP#NYSE">HPP</a>)</td>
<td>-8.82%</td>
</tr>
<tr>
<td>Anywhere Real Estate Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOUS#NYSE">HOUS</a>)</td>
<td>-8.36%</td>
</tr>
<tr>
<td>Piedmont Office Realty Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PDM#NYSE">PDM</a>)</td>
<td>-7.77%</td>
</tr>
<tr>
<td>RE/MAX Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>)</td>
<td>-7.75%</td>
</tr>
<tr>
<td>eXp World Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPI#NYSE">EXPI</a>)</td>
<td>-7.63%</td>
</tr>
<tr>
<td>Douglas Emmett, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DEI#NYSE">DEI</a>)</td>
<td>-7.44%</td>
</tr>
<tr>
<td>Office Properties Income Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPI#NYSE">OPI</a>)</td>
<td>-7.31%</td>
</tr>
</tbody>
</table>
</figure>
Looking at different industries, regional banks and solar stocks fell the most. 
<ul>
<li>The SPDR S&amp;P Regional Bank ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) fell 4.7%, on track for the worst day since late January. </li>
<li>The Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) fell 4.5%</li>
</ul>
Eight regional bank stocks tumbled more than 7% Wednesday: 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-Day %</td>
</tr>
<tr>
<td>Lakeland Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LBAI#NYSE">LBAI</a>)</td>
<td>-8.96%</td>
</tr>
<tr>
<td>Provident Financial Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFS#NYSE">PFS</a>)</td>
<td>-8.84%</td>
</tr>
<tr>
<td>Valley National Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLY#NYSE">VLY</a>)</td>
<td>-8.44%</td>
</tr>
<tr>
<td>ServisFirst Bancshares, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFBS#NYSE">SFBS</a>)</td>
<td>-7.81%</td>
</tr>
<tr>
<td>New York Community Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>)</td>
<td>-7.61%</td>
</tr>
<tr>
<td>OceanFirst Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NYSE">OCFC</a>)</td>
<td>-7.58%</td>
</tr>
<tr>
<td>Flushing Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFIC#NYSE">FFIC</a>)</td>
<td>-7.53%</td>
</tr>
<tr>
<td>Eagle Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGBN#NYSE">EGBN</a>)</td>
<td>-7.50%</td>
</tr>
</tbody>
</table>
</figure>
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38186082/this-puts-the-fed-in-quite-a-tricky-position-7-economists-weigh-in-on-march-inflati">&#8216;This Puts The Fed In Quite A Tricky Position&#8217;: 7 Economists Weigh In On March Inflation Report</a>
Image generated using artificial intelligence via Midjourney.

Morgan Stanley analyst Ronald Kamdem maintains RE/MAX Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) with a Underweight and lowers the price target from $9 to $7.

Price Target

Analyst Ratings

Morgan Stanley Maintains Underweight on RE/MAX Hldgs, Lowers Price Target to $7

WIIM

RE/MAX Holdings shares are trading higher after February's existing home sales came in above estimates.

Trading Ideas

RE/MAX Holdings Shares Move Higher After Report Of Februarys Existing Home Sales Showed Above Estimates

In a landmark decision, the National Association of Realtors (NAR) chose to resolve allegations through a settlement that claimed the organization was responsible for inflating real estate commissions. 
This development is anticipated to have significant repercussions for costs associated with real estate <a href="https://www.benzinga.com/real-estate">transactions for consumers.</a>
As part of the tentative agreement, NAR, which represents around 1.5 million real estate agents, committed to disbursing $418 million over a span of four years to address multiple lawsuits. Additionally, the organization agreed to amend certain regulations, which, according to the complaints, facilitated the maintenance of 5 to 6 percent commission rates typically borne by home sellers, The Washington Post <a href="https://www.washingtonpost.com/business/2024/03/15/nar-real-estate-commissions-settlement/">reports</a>.
Despite agreeing to this settlement, NAR maintains its stance of denying any misconduct.
Nykia Wright, the interim CEO of NAR, expressed that further legal battles would have adversely affected their members and their small-scale enterprises. &#8220;While there could be no perfect outcome, this agreement is the best outcome we could achieve in the circumstances,&#8221; Wright said.
Industry-related stocks like American Tower Cor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>), Equinix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQIX#NASDAQ">EQIX</a>), and RE/MAX Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) traded lower on Friday.
Also Read:<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37719939/is-it-time-to-buy-the-commercial-real-estate-dip-the-worlds-biggest-private-equity-"> Is It Time To Buy The Commercial Real Estate Dip? The World&#8217;s Biggest Private Equity Firm Says Why You Should</a>
Should the settlement receive approval from a federal court, the proposed changes in regulations are expected to be implemented by July. These insights were shared by a source involved in the settlement discussions, who preferred to remain anonymous due to the lack of authorization to speak publicly.
Michael Ketchmark, a legal representative for Missouri homeowners involved in one of the lawsuits, expressed optimism about the settlement&#8217;s potential to revolutionize the real estate market, according to the Post. He believed the agreement will significantly reduce the expenses related to housing and home sales, thus providing considerable savings to homeowners.
For over a century, the realtor association&#8217;s commission model stipulated an even split of a fee, typically ranging between 5 and 6 percent of the home&#8217;s selling price, between the agents representing the seller and the buyer. 
However, homeowners from Illinois and Missouri challenged this structure in lawsuits, arguing that NAR&#8217;s policies unjustly elevated commission rates by mandating that selling agents offer a fixed compensation to be listed on the Multiple Listing Service, an essential database for selling homes.
Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37756451/nvidia-blazes-trail-for-3-further-phases-of-ai-investment-opportunity-says-analyst">Nvidia Blazes Trail For 3 Further Phases Of AI Investment Opportunity, Says Analyst</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image created using artificial intelligence with Midjourney.

Shares of real estate stocks are trading lower after the National Association of Realtors agreed to pay $418 million in damages related to claims brought behalf of home sellers related to broker commissions and put into place new rules that could decrease home selling costs.

<a href="https://www.nytimes.com/2024/03/15/realestate/national-association-realtors-commission-settlement.html#:~:text=%2B-,Powerful%20Realtor%20Group%20Agrees%20to%20Slash%20Commissions%20to%20Settle%20Lawsuits,will%20drive%20down%20housing%20costs">https://www.nytimes.com/2024/03/15/realestate/national-association-realtors-commission-settlement.html#:~:text=%2B-,Powerful%20Realtor%20Group%20Agrees%20to%20Slash%20Commissions%20to%20Settle%20Lawsuits,will%20drive%20down%20housing%20costs</a>
&nbsp;

Legal

"Powerful Realtor Group Agrees To Slash Commissions To Settle Lawsuits; The National Association Of Realtors Will Pay $418M In Damages And Will Amend Several Rules That Housing Experts Say Will Drive Down Housing Costs" - The New York Times

JonesTrading analyst Jason Stewart downgrades RE/MAX Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) from Buy to Hold.

Downgrades

JonesTrading Downgrades RE/MAX Hldgs to Hold

Keefe, Bruyette &amp; Woods analyst Thomas McJoynt-Griffith maintains RE/MAX Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) with a Market Perform and lowers the price target from $11 to $10.

Keefe, Bruyette & Woods Maintains Market Perform on RE/MAX Hldgs, Lowers Price Target to $10

Guidance

RE/MAX Sees Q1 2024 Revenue $75M-$80M Vs $82.596M Est.

RE/MAX Sees FY24 Revenue $300M-$320M Vs $327.126M Est.

RE/MAX Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) reported its Q4 earnings results on Thursday, February 22, 2024 at 04:15 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
RE/MAX Hldgs beat estimated earnings by 3.45%, reporting an EPS of $0.3 versus an estimate of $0.29.
Revenue was down $4.67 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.04 which was followed by a 4.11% increase in the share price the next day.
Here's a look at RE/MAX Hldgs's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.36</td>
<td>0.4</td>
<td>0.26</td>
<td>0.42</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.40</td>
<td>0.4</td>
<td>0.26</td>
<td>0.41</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>78.07M</td>
<td>82.46M</td>
<td>83.62M</td>
<td>82.85M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>81.22M</td>
<td>82.45M</td>
<td>85.40M</td>
<td>81.27M</td>
</tr>
</tbody>
</table>

To track all earnings releases for RE/MAX Hldgs <a href="https://www.benzinga.com/quote/RMAX/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Recap: RE/MAX Hldgs Q4 Earnings

RE/MAX Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) reported quarterly earnings of $0.30 per share which beat the analyst consensus estimate of $0.29 by 3.45 percent. The company reported quarterly sales of $76.60 million which missed the analyst consensus estimate of $76.97 million by 0.49 percent. This is a 5.74 percent decrease over sales of $81.27 million the same period last year.

Earnings Beats

Earnings Misses

RE/MAX Hldgs Q4 2023 Adj EPS $0.30 Beats $0.29 Estimate, Sales $76.60M Miss $76.97M Estimate

KYMR

LASR

LAUR

LILA

LNTH

MAIN

MELI

MGPI

MITT

MODV

MORN

MRIN

MRNA

MRVI

NABL

NICE

NMRK

NTLA

NURO

NVCR

NVEE

OLED

ONTF

OPCH

PLNT

PLYA

PODD

POOL

PRMW

RCEL

RLAY

RYTM

SHYF

SMSI

SNBR

SPXC

STWD

TALK

TECK

THRY

TPIC

UPBD

UPLD

VALE

VCYT

VICI

VICR

WTRG

XPEL

ZEUS

Earnings Scheduled For February 22, 2024

RE/MAX Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-22. Here's what investors need to know before the announcement.
Analysts estimate that RE/MAX Hldgs will report an earnings per share (EPS) of $0.29. 
RE/MAX Hldgs bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.04, which was followed by a 4.11% increase in the share price the next day.
Here's a look at RE/MAX Hldgs's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.36</td>
<td>0.4</td>
<td>0.26</td>
<td>0.42</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.40</td>
<td>0.4</td>
<td>0.26</td>
<td>0.41</td>
</tr>
<tr>
<td>Price Change %</td>
<td>4.11%</td>
<td>-2.19%</td>
<td>4.94%</td>
<td>-13.5%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708538510_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of RE/MAX Hldgs were trading at $9.15 as of February 20. Over the last 52-week period, shares are down 53.86%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/RMAX/earnings">To track all earnings releases for RE/MAX Hldgs visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: RE/MAX Hldgs's Earnings

RXR, a major property developer led by CEO Scott Rechler, has announced&nbsp;the launch of a $1 billion fund specifically designed to invest in New York City&#39;s distressed office buildings, marking a potential new chapter in the ongoing commercial real estate crisis.&nbsp;
What Happened:&nbsp;As part of the launch, RXR is collaborating with Ares Management (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ares#NYSE">ARES</a>), a renowned alternative investment manager with a substantial portfolio in real estate assets.
Rechler and Ares are seizing an opportunity created by the recent thaw in the office market, which had been previously hindered by uncertainties surrounding interest rates and the rise of remote working, <a href="https://www.ft.com/content/8fcea870-ee56-43a0-9060-380cada6dc08?shareType=nongift">reported</a>&nbsp;The Financial Times.&nbsp;
&quot;We have clarity as to where rates are, we have clarity about the future of offices, and which buildings are going to be competitive, and we have a capitulation, I think, to a recognition that values aren&rsquo;t just bouncing back like they did in &lsquo;08,&quot; Rechler told the publication.
The partnership between RXR and Ares is targeting a specific segment within the office building market. They are focusing on properties that, while still attractive, may require additional investment or debt restructuring to remain competitive.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/23/10/35017658/downsizing-homeowners-hit-the-jackpot-amid-skyrocketing-property-values">Downsizing Homeowners Hit The Jackpot Amid Skyrocketing Property Values</a>
&quot;Where we&rsquo;re seeing the best opportunity is to buy the upper quartile of that middle, class-A part of the market,&quot; Rechler explained, identifying a niche in the market that has been largely overlooked by lenders and investors.
This investment strategy is influenced by the broader economic landscape, particularly the significant amount of commercial mortgages due for maturity this year.
The combination of remote working&#39;s impact on office space demand and the recent spike in interest rates has created a unique investment opportunity for RXR and Ares.
Craig Snyder, a partner at Ares, highlighted the potential in high-quality properties currently undervalued, telling The Financial Times, &quot;the broad, indiscriminate flight of institutional capital from the office <a href="https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/">sector</a> has resulted in many high-quality properties trading down to historic lows.&quot;
With an initial investment of $500 million from RXR and Ares, and plans to raise an additional $500 million, the partnership is well-equipped to make significant inroads in New York&#39;s office space market. This venture represents a calculated bet on the future of the city&#39;s commercial real estate in a rapidly evolving market landscape.
Companies like&nbsp;Redfin Corp.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rdfn#NASDAQ">RDFN</a>) and&nbsp;Zillow Group, Inc.&nbsp;have been at the forefront of the real estate market, offering innovative solutions and platforms for buyers and sellers.
In comparison,&nbsp;Anywhere Real Estate Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hous#NYSE">HOUS</a>) and&nbsp;RE/MAX Holdings, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rmax#NYSE">RMAX</a>) have leveraged their vast networks and established brand names to maintain a significant market share.&nbsp;
Investors looking to gain exposure to the real estate <a href="https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/">sector</a> can consider ETFs such as&nbsp;iShares U.S. Real Estate ETF&nbsp;and&nbsp;Real Estate Select Sector SPDR Fund.
These ETFs provide a diversified exposure to the industry, capturing the performance of both traditional and tech-driven real estate companies.
Now Read:&nbsp;<a href="https://www.benzinga.com/top-stories/22/08/28661838/heres-why-housing-prices-could-fall-by-20-in-183-cities-across-u-s" target="_blank">Here&#39;s Why Housing Prices Could Fall By 20% In 183 Cities Across US, Including Boise, Charlotte And Austin</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

RXR Launches $1 Billion Fund To Revive New York City's Office Building Market

JP Morgan analyst Anthony Paolone downgrades RE/MAX Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) from Neutral to Underweight and lowers the price target from $16 to $14.

JP Morgan Downgrades RE/MAX Hldgs to Underweight, Lowers Price Target to $14

At the end of today, December 06, 2023, Newmark Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMRK#NASDAQ">NMRK</a>) will distribute a dividend payout of $0.03 per share, translating to an annualized dividend yield of 2.16%. Shareholders who held the stock before the ex-dividend date on November 21, 2023 will benefit from this payout.
<h3>Newmark Group Recent Dividend Payouts</h3>
<style>
 table {
 width: 100%;
 border-collapse: collapse;
 font-family: Arial, sans-serif;
 font-size: 14px;
 }

 th, td {
 padding: 8px;
 text-align: left;
 }

 th {
 background-color: #293a5a;
 color: #fff;
 text-align: left;
 }

 tr:nth-child(even) {
 background-color: #f2f4f8;
 }

 tr:hover {
 background-color: #e1e4ea;
 }

 td:nth-child(3), td:nth-child(5) {
 text-align: left;
 }

 .dividend-amount {
 font-weight: bold;
 color: #0d6efd;
 }

 .dividend-frequency {
 font-size: 12px;
 color: #6c757d;
 }
 </style><table>
<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-11-21</td>
<td style="text-align: right;">4</td>
<td>$0.03</td>
<td>2.16%</td>
<td>2023-10-31</td>
<td>2023-11-22</td>
<td>2023-12-06</td>
</tr>
<tr>
<td>2023-08-16</td>
<td style="text-align: right;">4</td>
<td>$0.03</td>
<td>1.69%</td>
<td>2023-07-27</td>
<td>2023-08-17</td>
<td>2023-08-31</td>
</tr>
<tr>
<td>2023-05-18</td>
<td style="text-align: right;">4</td>
<td>$0.03</td>
<td>1.99%</td>
<td>2023-05-04</td>
<td>2023-05-19</td>
<td>2023-05-26</td>
</tr>
<tr>
<td>2023-03-02</td>
<td style="text-align: right;">4</td>
<td>$0.03</td>
<td>1.37%</td>
<td>2023-02-15</td>
<td>2023-03-03</td>
<td>2023-03-17</td>
</tr>
<tr>
<td>2022-11-09</td>
<td style="text-align: right;">4</td>
<td>$0.03</td>
<td>1.28%</td>
<td>2022-10-27</td>
<td>2022-11-11</td>
<td>2022-11-30</td>
</tr>
<tr>
<td>2022-08-12</td>
<td style="text-align: right;">4</td>
<td>$0.03</td>
<td>1.04%</td>
<td>2022-07-28</td>
<td>2022-08-15</td>
<td>2022-08-31</td>
</tr>
<tr>
<td>2022-05-13</td>
<td style="text-align: right;">4</td>
<td>$0.03</td>
<td>0.93%</td>
<td>2022-04-28</td>
<td>2022-05-16</td>
<td>2022-05-31</td>
</tr>
<tr>
<td>2022-02-28</td>
<td style="text-align: right;">4</td>
<td>$0.01</td>
<td>0.24%</td>
<td>2022-02-10</td>
<td>2022-03-01</td>
<td>2022-03-15</td>
</tr>
<tr>
<td>2021-11-18</td>
<td style="text-align: right;">4</td>
<td>$0.01</td>
<td>0.26%</td>
<td>2021-11-04</td>
<td>2021-11-19</td>
<td>2021-12-10</td>
</tr>
<tr>
<td>2021-08-19</td>
<td style="text-align: right;">4</td>
<td>$0.01</td>
<td>0.32%</td>
<td>2021-08-04</td>
<td>2021-08-20</td>
<td>2021-09-07</td>
</tr>
<tr>
<td>2021-05-25</td>
<td style="text-align: right;">4</td>
<td>$0.01</td>
<td>0.37%</td>
<td>2021-05-05</td>
<td>2021-05-26</td>
<td>2021-06-14</td>
</tr>
<tr>
<td>2021-03-09</td>
<td style="text-align: right;">4</td>
<td>$0.01</td>
<td>0.46%</td>
<td>2021-02-17</td>
<td>2021-03-10</td>
<td>2021-03-26</td>
</tr>
</tbody>
</table>
With a dividend yield that places it neither at the top nor the bottom, Newmark Group finds itself in the middle among its industry peers, while RE/MAX Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) boasts the highest annualized dividend yield at 9.80%.
<h3>Analyzing Newmark Group Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1701875122_0.png" alt="dividend chart graph" />
Investors witnessed a decline in the company's dividend per share from $0.39 in 2019 to $0.10 in 2022. This downward trend in dividend payouts necessitates a comprehensive investigation to identify the reasons behind the decrease.
<h3>YoY Earnings Growth For Newmark Group</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1701875122_1.png" alt="earning chart graph" />
The earnings chart illustrates an increase in Newmark Group's earnings per share, from $1.56 in 2019 to $1.82 in 2022. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
<h3>Recap</h3>
This article takes an in-depth look at Newmark Group's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.03 per share today, translating to an annualized dividend yield of 2.16%.
With a dividend yield that places it neither at the top nor the bottom, Newmark Group finds itself in the middle among its industry peers, while RE/MAX Hldgs boasts the highest annualized dividend yield at 9.80%.
With dividend per share decreasing and earnings per share increasing from 2019 to 2022, Newmark Group appears to be emphasizing business growth by reinvesting profits rather than focusing on dividend distributions.
It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.
[Click here](<a href="https://www.benzinga.com/stock//dividends" title="https://www.benzinga.com/stock//dividends">https://www.benzinga.com/stock//dividends</a>) to find details on Newmark Group's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Dividends

Newmark Group: Bolstering Investor Value with Reduced Dividends and Amplified Earnings

<a href="https://www.benzinga.com/news/23/05/32254077/a-family-left-the-u-s-and-bought-a-400-year-old-apartment-in-portugal-for-just-534-000">The real estate market is potentially facing a downward shift</a> in house prices, offering a respite for buyers while posing challenges for sellers.
What Happened:&nbsp;This week, Mark Zandi, the chief economist at Moody&#39;s, shared his insights in an <a href="https://www.youtube.com/watch?v=tIEn_JXGqNE">interview</a>&nbsp;with Yahoo Finance, outlining the conditions for a market recovery.
&quot;The only way out of the box, the only way to get sales back up is mortgage rates have to come down, incomes have to continue to improve, we have to avoid a recession, and I suspect we&#39;ll have to see some house price declines at some point here,&quot; he said.&nbsp;
Adding to this viewpoint, Glenn Kelman, CEO of Redfin, <a href="https://www.youtube.com/watch?v=_FH3ZmEVYdc&amp;t=1s">spoke </a>with Fox News about the housing market&#39;s future. Reflecting on Morgan Stanley&#39;s prediction of a 3% decline in home prices next year, Kelman agreed, saying, &quot;A decline seems not just possible, but likely.&quot;&nbsp;
This year marked a significant slowdown in housing activity, primarily due to the Federal Reserve&#39;s measures to combat inflation, leading to soaring mortgage rates.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/23/10/35256397/americans-face-historic-lack-of-affordability-in-housing-market-data-shows">Americans Face Historic Lack Of Affordability In Housing Market, Data Shows</a>
Homeowners enjoying lower rates have been&nbsp;reluctant to sell, while high rates have priced out many potential buyers, who are awaiting&nbsp;more favorable conditions.
Zandi also referred to recent data indicating a dramatic drop in home sales to levels not seen in over a decade. He noted the severity of the current market situation, comparing it to the period of the&nbsp;financial crisis.
&quot;Housing&#39;s taken it on the chin, particularly demand,&quot; Zandi said,&nbsp;highlighting&nbsp;recent data that indicated&nbsp;that the annualized sales of pre-owned homes dropped below 3.8 million units in October, which was&nbsp;the lowest figure in 13 years.
&quot;I don&#39;t expect the housing market to come roaring back here, certainly not in 2024,&quot; he said during the interview. &quot;Probably won&#39;t be until 2025, 2026 before we see sales levels that are more consistent with what we&#39;ve enjoyed historically.&quot;
Kelman, on the other hand,&nbsp;observed some positive signs, noting an increase in housing inventory and adjustments in pricing.
&quot;The market has just been frozen because buyers and sellers can&#39;t agree on a price,&quot; Kelman said. &quot;For the first time, there&#39;s a break in the logjam where we might see a real drop in prices, and that is going to spur sales.&quot;
For investors keen on gaining exposure to the real estate sector without direct property ownership, ETFs offer a viable option. Two notable ETFs in this space are the&nbsp;iShares U.S. Real Estate ETF&nbsp;and the&nbsp;Vanguard Real Estate ETF. Additionally, investors can consider stocks like&nbsp;Zillow Group, Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/z#NASDAQ">Z</a>),&nbsp;and&nbsp;Redfin Corporation&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rdfn#NASDAQ">RDFN</a>) that are closely tied to housing market trends.
In comparison,&nbsp;&nbsp;Anywhere Real Estate Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hous#NYSE">HOUS</a>)&nbsp;and&nbsp;RE/MAX Holdings, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rmax#NYSE">RMAX</a>) have leveraged their vast networks and established brand names to maintain a significant market share.&nbsp;
Now Read:&nbsp;<a href="https://www.benzinga.com/top-stories/22/08/28661838/heres-why-housing-prices-could-fall-by-20-in-183-cities-across-u-s" target="_blank">Here&#39;s Why Housing Prices Could Fall By 20% In 183 Cities Across US, Including Boise, Charlotte And Austin</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Experts Predict Lower Home Prices On The Horizon: 'Housing's Taken It On The Chin'

The settlement, if granted final approval, will resolve the claims asserted against RE/MAX, LLC and release RE/MAX affiliates on a nationwide basis.
&nbsp;
DENVER, Nov. 20, 2023 /PRNewswire/ -- RE/MAX&reg;, the #1 name in real estate*, today announced the Missouri court granted preliminary approval of its settlement in the class action lawsuits known as Burnett, Moehrl and Nosalek, and any similar claims on a nationwide basis.
&nbsp;
To address the pending litigation and mitigate the uncertainties and costs associated with prolonged legal proceedings, RE/MAX, LLC entered into a settlement agreement with plaintiffs on October 5, 2023. RE/MAX, LLC agreed to pay $55 million and make changes to business practices as part of the settlement. The proposed settlement would resolve on a nationwide basis all claims asserted against RE/MAX, LLC and includes releases for all U.S. RE/MAX independent regions, franchisees and agents. RE/MAX, LLC continues to deny the allegations made in the complaints and does not acknowledge any wrongdoing.
&nbsp;
Under the terms of the proposed settlement, RE/MAX, LLC has deposited 25% of the agreed-upon $55 million into a settlement fund; 25% is due within 10 business days after preliminary approval; and the remainder within 10 business days after final court approval.
&nbsp;
&quot;We are pleased with the court&#39;s decision to grant preliminary approval of the settlement,&quot; said Nick Bailey, President and CEO of RE/MAX, LLC. &quot;This development signifies progress in our ongoing efforts and commitment to a resolution &ndash; it&#39;s a positive step forward in bringing these cases closer to the finish line.&quot;
&nbsp;
If the settlement is granted final approval by the Missouri court, all U.S. RE/MAX affiliates, including franchisees and agents, will be protected from claims connected to the lawsuits and any similar claims. At this time, final approval is expected sometime next year. The business practice terms of the settlement must be implemented within six months of the final effective date. Apart from the $55 million payment, RE/MAX, LLC does not expect the terms of the settlement agreement to have a material impact on its results of operations and cash flows.

RE/MAX, LLC Settlement Granted Preliminary Approval In Antitrust Class Action Lawsuits; RE/MAX, LLC Has Deposited 25% Of The Agreed-Upon $55M Into A Settlement Fund; 25% Is Due Within 10 Business Days After Preliminary Approval; And The Remainder Within 10 Business Days After Final Court Approval

These Real Estate stocks are trading higher:-Re/Max Holdings Inc (RMAX) stock is trading at $8.81, a rise of $1.03, or 13.17%, on moderate volume.  Re/Max Holdings Inc gets a Sentiment Score of Neutral from InvestorsObserver and receives an average analyst recommendation of Hold with a price target of $10.75.  -Ohmyhome Lt

Real Estate Stocks Moving Thursday: RMAX, OMH, CIO, LFT, BNL, EQIX, MPW, BEKE

These Real Estate stocks are trading higher:45378-eXp World Holdings Inc (EXPI) stock is trading at $10.03, a rise of $0.31, or 3.45%, on low volume.  Exp Realty International gets a Sentiment Score of Neutral from InvestorsObserver and receives an average analyst recommendation of Buy with a price target of $12.67.  -Apar

Real Estate Stocks Moving Friday: BNL, EXPI, AIV, LSEA, RMAX, OPI, ONL, HPP

Opendoor Technologies, Redfin, RE/MAX in real estate gainers

These Real Estate stocks are trading higher:-Re/Max Holdings Inc (RMAX) stock is trading at $8.81, an increase of $0.82, or 10.66%, on low volume.  Re/Max Holdings Inc gets a Sentiment Score of Neutral from InvestorsObserver and receives an average analyst recommendation of Hold with a price target of $10.75.  -Redfin Corp

Real Estate Stocks Making Moves Thursday: RMAX, RDFN, CLPR, VNO, PEB, JBGS, APLE, BHR

Sachem Capital, RE/MAX, Douglas Elliman in real estate losers

These Real Estate stocks are trading higher:-Doma Holdings Inc (DOMA) stock is trading at $6.07, a gain of $1.53, or 33.7%, on high volume.  Doma Holdings Inc. gets a Sentiment Score of Bullish from InvestorsObserver and receives an average analyst recommendation of Strong Buy with a price target of $13.00.  -KE Holdings I

Real Estate Stocks Making Moves Monday: DOMA, BEKE, REAX, BHR, SACH, DOUG, RMAX, OPEN

DOJ can reopen antitrust probe into NAR, appeals court rules

Housing affordability would've waned even without Fed tightening, study shows

Re/Max Holdings (RMAX – Research Report), the Real Estate sector company, was revisited by a Wall Street analyst yesterday. Analyst Ronald Kamdem f...

Re/Max Holdings Sell Rating: Commission Pressures and Financial Headwinds Ahead

Property stocks drop as hot inflation data weigh on rate-cut bets

AGNC

APLE

BEKE

CLPR

COMP

COOP

DOMA

DOUG

JBGS

LSEA

NYMT

OPAD

PFSI

REAX

SACH

UWMC

WETH

Press Releases

RE/MAX Dominates Major Industry Lists, Rankings for Exceptional Business and Leadership

RE/MAX Closes 2023 with Highest Franchise Sales Quarter of Year

RE/MAX NATIONAL HOUSING REPORT FOR FEBRUARY 2024

RE/MAX Named a Top Franchisor for 40 Years Straight, Solidifies Hall of Fame Status

Annual RE/MAX R4 Convention Sets the Stage for Continued Innovation and Growth

Double-digit gains in luxury home-buying activity set stage for robust spring housing market in major Canadian centres, says RE/MAX Canada

'Unstoppable' RE/MAX Agents Outperform Competitors 2:1 for 16th Consecutive Year

RE/MAX HOLDINGS, INC. TO RELEASE FIRST QUARTER 2024 RESULTS ON MAY 2, 2024

RE/MAX NATIONAL HOUSING REPORT FOR MARCH 2024

Altisource Asset Mgmt

Altisource Portfolio Solutions S.A. - Common Stock

Altisource Portfolio

KE Holdings Inc American Depositary Shares (each representing three Class A Ordinary Shares)