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Billionaire George Soros is taking on these 3 “Strong Buy” shares

Some investors achieve legendary status and rise well above their competitors through a combination of luck and success. Perhaps no one exemplifies this more than George Soros, the Holocaust survivor who graduated from the London School of Economics after the war and went into banking to make a name for himself. He was incredibly successful. The hedge fund he founded, Soros Fund Management, achieved an average annual return of 33% from 1970 to 2020, making it the most successful hedge fund in history. Soros’ greatest single hit was on September 16, 1992 when he “broke the Bank of England”. He had taken a short position in sterling that was raised to $ 10 billion, and when the pound fell in response to political change, he personally made $ 1 billion in a single day. Soros wasn’t always right about his financial calls, but he’s more right than wrong. He is also known for his bon mots when it comes to talking about trading. “It is not about whether you are right or wrong,” Soros was quoted as saying, “it is about how much money you make when you are right and how much you lose when you are wrong.” With this in mind, we decided to look at the recent activities of Soros Fund Management as inspiration. With three stocks that the fund added to TipRanks’ database in the first quarter, we noticed that the analyst community was also on board, as each stock had a consensus rating of “strong buy”. Farfetch, Ltd. (FTCH) We’re starting out with an online retail inventory, Farfetch, a company that specializes in selling luxury goods and brands. Farfetch is a truly international company with headquarters in Portugal, headquarters in London and offices in New York and LA, Tokyo and Shanghai, and Brazil. Like many tech-centric companies, Farfetch has faced a loss – but in the first quarter of this year the company made an abrupt turnaround toward profitability. The earnings report for the first quarter of 21 showed after-tax income of $ 516.7 million compared to a quarterly loss of $ 79.2 million a year earlier. The company announced that these gross earnings included a one-time non-cash benefit of $ 660 million “resulting from the lower impact of share price on fair value items and revaluations.” Total revenue from operating activities was $ 485 million, up 46% year-on-year and higher than analysts’ forecast of $ 457 million. A key metric, the gross value of orders processed through the company’s platform, increased 49% year over year to $ 915.6 million. Farfetch’s success relies on a strong user base. The company has more than 3 million active customers and operates in 190 countries. Sellers on the platform have made available over 1,300 luxury brands. Even after falling in value in the first half of 2021, the stock is still up an impressive 234% over the past 12 months. One of the fans of FTCH is Soros. In its most recent release, Soros announced that its fund had purchased 125,000 shares of FTCH, a stake that is now valued at more than $ 5.5 million. Stephen Ju, 5-star analyst at Credit Suisse, rates FTCH with outperformance (ie buy) and a price target of USD 78. Investors can pocket a profit of ~ 88% if the analyst’s thesis prevails. (To see Ju’s track record, click here.) “We are positive about the company if it maintains Adjusted EBITDA guidance as Farfetch will reinvest the higher revenue contributions to customer acquisition – which supports long-term adoption rates. We are modeling ~ 700,000 new customers for 2021, ~ 600,000 for 2022 and from 2023 our expectations are also unchanged at ~ 1.2 to 1.5 million, ”said Ju. The analyst summarized, “Our investment theses remain: 1) The large addressable market of $ 300 billion remains fragmented and underpenetrated. 2) Relative protection from competition from online, larger-cap emerging market competitors.” Most analysts support Ju’s confident stance on the online fashion company as TipRanks Analytics presents FTCH as a strong buy. Based on 8 analysts who were surveyed in the last 3 months, 6 rated the share as a buy and 2 as a hold. The 12-month average price target is $ 60.63, an increase of ~ 37% from current levels. (See FTCH stock analysis on TipRanks.) Coursera (COUR) Next stock, Coursera, is a MOOC company – a massive online open quote provider. This niche takes advantage of the size and reach of the internet to bring a wide range of top quality university courses to the masses. Coursera is a leader in this field and since its inception in 2012 has offered more than 4,000 courses from over 200 universities in more than 30 degrees and at a lower cost than individual tuition. Through Coursera, students can take courses at world-class schools such as Imperial College London, the University of Illinois Urbana-Champaign, the University of Michigan and Johns Hopkins. The company is proud to have over 77 million students using its services. While the company is 9 years old, it is new to the public markets; Coursera held its IPO at the end of March this year. 15.73 million shares were made available on the NYSE at an opening price of $ 33. This was the high end of the initial price range, which was set between $ 30 and $ 33. In total, the initial public offering raised $ 519 million before expenses. At the beginning of May, Coursera published its first quarterly report since going public. The report showed total revenue of $ 88.4 million, up 64% over the previous year. The company’s gross income was $ 49.5 million, 71% higher than the prior-year quarter. George Soros saw an opportunity in that IPO and his fund added 105,000 shares in the company. This new position is valued at ~ $ 4 million at current stock prices. Among the cops is 5-star analyst Ryan MacDonald of Needham, who makes a clear, bullish case for Coursera stock. “With the growing role of automation, the growing skill gap and the shift to online learning, we believe Coursera’s comprehensive platform will help us share a large TAM that ranges in size from $ 47 billion to $ 50.6 billion. Dollar lies. While the COVID-powered tailwind leads to registered student growth in FY20 FY21 to a difficult consumer segment, we believe Coursera’s efficient GTM movement and shift to higher-end corporate and degree offerings will result in sustained growth of over 25 % and a gross margin, ”MacDonald noted. To that end, MacDonald rates COUR stock for a buy and its target price of $ 56 shows confidence in an uptrend of 47% over the next 12 months. (To see MacDonald’s track record, click here.) In his short time on the stock exchange, COUR has received 14 analyst ratings with a breakdown of 12 buys into 2 holds to aid the consensus rating for strong buys. The shares trade for $ 38 and their average target price of $ 54.67 implies an uptrend of 44% for a year. (See COUR stock analysis on TipRanks.) Sotera Health (SHC) Last on our list of new George Soros positions is Sotera Health, a holding company whose subsidiaries provide a range of healthcare consultancy, laboratory testing and sterilization services. Sotera’s businesses are aimed at more than 5,800 healthcare customers in over 50 countries. The company has 13 laboratories that can perform more than 800 tests and 50 sterilization facilities. Sotera customers include 75 of the 100 largest medical device manufacturers and 8 of the 10 largest pharmaceutical companies. SHC shares went public on November 24th last year, in an IPO that sold 53.6 million shares and raised $ 1.2 billion. The capital raised was used to repay existing debts. The company has been working diligently to reduce debt, and in its first quarter 21 report stated that it had total debt of $ 1.87 billion and available cash of $ 108 million. Net sales for the first quarter were $ 212 million, up 13% year over year. Net income saw a strong profit that went from a loss of 1 cent per share a year ago to earnings per share of 4 cents. In the first quarter, Soros took a new position in Sotera and bought 179,274 shares of the stock. At current share prices, this stake is valued at over USD 4.3 million. Tycho Peterson, 5-star analyst at JPMorgan, likes SHC and rates the stock as overweight (i.e. buy). Its price target of USD 35 indicates an upward movement of 45% from the current trading level. (To see Peterson’s track record, click here.) Peterson confirms his stance: “First quarter results were generally strong and while forecasts remain unchanged, this should provide a way up for the 2021 balance as we continue to be fans of the company’s diversified operating platform, sticky multi-year contracts, efficient pricing strategy, and high level of oversight over regulators, all of which support the broad competitive gap, and FCF to aid in de-leveraging… “Overall, the road was up on Sotera -Shares agree; The stock recently made 8 positive ratings, which support the consensus rating of Strong Buy analysts. The shares are trading for $ 24.06 and their average price target of $ 31.75 implies a year-long upward movement of ~ 32%. (See SHC stock analysis on TipRanks.) To find great ideas for trading stocks at attractive valuations, visit TipRanks’ Best Stocks to Buy, ‘a newly launched tool that brings together all of TipRanks’ stock insights. Disclaimer: The opinions expressed in this article are solely those of the presented analysts. The content is intended to be used for informational purposes only. It is very important that you do your own analysis before making any investment.

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Walt Danley Christie’s International Real Estate Ranked as the Top-Producing Luxury Team in Arizona

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PARADISE VALLEY, Ariz., June 14, 2021 / PRNewswire / – Walt Danley Christies International real estate, Arizona Leading luxury residential real estate company ranked number one on the luxury team by sales volume Arizona, and number 22 in the country by industry authority RealTrends + Tom Ferry The Thousand in the Top Large Teams category by volume of sales.

Walt Danley, President and Founder of Walt Danley Christie’s International Real Estate

Walt Danley and his team sold $ 263.7 million in residential real estate in 2020. “Given the unprecedented time the world has seen in 2020, I am ashamed to know that our team of top real estate professionals have successfully handled this period on behalf of our home sellers – and buyers – which has been going on reflected “in this prestigious ranking by The Thousand List,” said Walt Danley, President and Founder of Walt Danley Christies International real estate.

From a global pandemic and lockdowns to the overwhelming realization of the importance of the home to work, play and comfort, 2020 can best be described as the year of resilience, according to the report. The pandemic has increased the importance of the home as a place of refuge.

Only 0.07% of the 1.4 million Realtors® in the US make up The Thousand – the best in the country. In its 16th year, the list is made up of third-party data and honors the country’s top 1,000 real estate professionals and teams. In particular, the company is one of the top rankings Arizona Luxury real estate brokers every year since the list was launched.

Walt Danley Christies International Real Estate represents luxury property buyers and sellers in the northeast of Phoenix including Scottsdale, Paradise valley, Arcadia, Biltmore, Cave stream, Carefree, Well hill, and green river. The firm has offices in Paradise, 6720 N. Scottsdale Rd., # 140, Paradise Valley, Arizona 85253) and North Scottsdale (8955 East Pinnacle Peak Road, Suite 104, Scottsdale, AZ 85255). More information is available at www.waltdanley.com.

over Walt Danley Christies International real estate

Walt Danley Christies International Real Estate is one of the most renowned and successful luxury real estate companies in the country, specializing in Arizona wealthiest neighborhood. Named one of the “35 Most Influential People in Luxury Real Estate,” Founder and President Walt Danley began his real estate career over 40 years ago in Paradise Valley and has consistently ranked among the top one percent of real estate agents in the US has a growing team of top -Luxury real estate specialists and opened his brokerage firm of the same name in 2011. The firm has built a reputation as the premier luxury residential real estate brokerage firm in Arizona by combining deep market knowledge, expertise and the largest inventory of million dollar real estate in Arizona. For more information, call 480.991.2050 or visit waltdanley.com.

Contact:
Andrea Kalmanovitz
(949) 777-2405

SOURCE Walt Danley Christies International real estate

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Real estate license fees are expected to increase | News, Sports, Jobs

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Real estate agents and real estate agents are likely to face increased license fees.

Earlier this week, the state assembly passed A.5363 by 113-35 votes, with Reps Andrew Goodell, R-Jamestown, and Joe Giglio, R-Gowanda, voting against the measure. The state Senate passed an accompanying bill in February, S.2133, by 45-17 votes, with Senator George Borrello, R-Gowanda, voting against. Real estate agent fees increase by $ 30 while real estate agent fees increase by $ 10. The increased money will be used for fair apartment tests across the state.

“It reminds me of the motto of our state -“Wood wool“- which, as you all know, always means upwards.” said Goodell. “It seems that this is the motto we have when it comes to fees and expenses, and I’m a little different than when that motto was first chosen when we talked about economic opportunity and moving up . It may be a small amount, but it is another fee and increase that we are putting on this troubled industry and for that reason I will be protesting against it and recommending the same to my colleagues. “

MP Kimberly Jean-Pierre, D-Lindenhurst and sponsor of the assembly’s draft law, said paired tests are a tool to detect and eliminate discrimination in housing. She said mechanisms such as coded language, guidance, unequal service provision and higher financial demands on minorities would be used to maintain housing segregation. The introduction of a surcharge on broker and agent license fees would provide funding for nationwide efforts to ensure fair home testing, including, but not limited to, the couples testing practice.

Jean-Pierre also quoted a 2019 story in Newsday entitled “Long Island Divided” who blamed the housing discrimination on explicit and implicit bias in the real estate industry. The newspaper series reported that some Long Island real estate agents directed customers to specific neighborhoods based on their perceived race or ethnicity. In response, the Nassau district appointed a special commissioner for housing, promised increased enforcement of open living laws, strengthened the Nassau district human rights commission and established an advisory board for fair housing. Suffolk County hired an outside agency to test for discrimination in housing, strengthened the county’s Human Rights Commission, and began raising awareness of fair housing laws.

“Two years ago, Newsday published worrying results from a three-year investigation that uncovered widespread segregation and unequal treatment of potential minority and minority homebuyers in Long Island.” said Jean-Pierre. “This research confirmed what many of us already know to be true – that there are certain bad actors in real estate agencies who discriminate against people of color and draw certain people into certain communities based on their skin color – a practice that has no place in our society. … When we look at how our communities and school districts are separated, it is one of the reasons that districts in low-income communities cannot get the resources they fairly deserve because we had brokers like this one, the people of life held in a community because of their skin color and financial history. This will allow us to allocate a certain fund – and not raise taxes – but it will allocate a certain fund through the attorney general to run fairer tests in our great state of New York so that people of color can live where they want and don’t have to worry that there will be bad actors. If there are any, they will be punished. “

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Real Estate License Fees To Increase | News, Sports, Jobs

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Real estate agents and real estate agents are likely to face increased license fees.

Earlier this week, the state assembly passed A.5363 by 113-35 votes, with Reps Andrew Goodell, R-Jamestown, and Joe Giglio, R-Gowanda, voting against the measure. The state Senate passed an accompanying bill in February, S.2133, by 45-17 votes, with Senator George Borrello, R-Gowanda, voting against. Real estate agent fees increase by $ 30 while real estate agent fees increase by $ 10. The increased money will be used for fair apartment tests across the state.

“It reminds me of the motto of our state -“Wood wool“- which, as you all know, always means upwards.” said Goodell. “It seems that this is the motto we have when it comes to fees and expenses, and I’m a little different than when that motto was first chosen when we talked about economic opportunity and moving up . It may be a small amount, but it is another fee and increase that we are putting on this troubled industry and for that reason I will be protesting against it and recommending the same to my colleagues. “

MP Kimberly Jean-Pierre, D-Lindenhurst and sponsor of the assembly’s draft law, said paired tests are a tool to detect and eliminate discrimination in housing. She said mechanisms such as coded language, guidance, unequal service provision and higher financial demands on minorities would be used to maintain housing segregation. The introduction of a surcharge on broker and agent license fees would provide funding for nationwide efforts to ensure fair home testing, including, but not limited to, the couples testing practice.

Jean-Pierre also quoted a 2019 story in Newsday entitled “Long Island Divided” who blamed the housing discrimination on explicit and implicit bias in the real estate industry. The newspaper series reported that some Long Island real estate agents directed customers to specific neighborhoods based on their perceived race or ethnicity. In response, the Nassau district appointed a special commissioner for housing, promised increased enforcement of open living laws, strengthened the Nassau district human rights commission and established an advisory board for fair housing.

Suffolk County hired an outside agency to test for discrimination in housing, strengthened the county’s Human Rights Commission, and began raising awareness of fair housing laws.

“Two years ago, Newsday published worrying results from a three-year investigation that uncovered widespread segregation and unequal treatment of potential minority and minority homebuyers in Long Island.” said Jean-Pierre. “This research confirmed what many of us already know to be true – that there are certain bad actors in real estate agencies who discriminate against people of color and draw certain people into certain communities based on their skin color – a practice that has no place in our society. … When we look at how our communities and school districts are separated, it is one of the reasons that districts in low-income communities cannot get the resources they fairly deserve because we had brokers like this one, the people of life held in a community because of their skin color and financial history. This will allow us to allocate a certain fund – and not raise taxes – but it will allocate a certain fund through the attorney general to run fairer tests in our great state of New York so that people of color can live where they want and don’t have to worry that there will be bad actors. If there are any, they will be punished. “

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