REA Bull Becomes a Bear on Changing Policy -- Market Talk

Dow Jones

06/09

0025 GMT - A combination of rising interest rates and taxation changes turn one of REA Group's bulls into a bear. Bell Potter analyst Michael Ardrey cuts his recommendation on the Australia-listed real-estate classifieds group to sell from buy, telling clients in a note that he expects a softening in listings volumes to more than offset REA's yield growth. He sees declining property demand hitting valuations, and points out that the News Corp-controlled advertiser has a history of EPS declines against a backdrop of falling home prices. REA looks expensive relative to other ASX-listed classifieds providers, he adds. Bell Potter cuts its target price 37% to A$137.00. Shares are down 5.4% at A$150.30. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

June 08, 2026 20:25 ET (00:25 GMT)

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Bell Potter analyst Michael Ardrey cuts his recommendation on the Australia-listed real-estate classifieds group to sell from buy, telling clients in a note that he expects a softening in listings volumes to more than offset REA's yield growth. He sees declining property demand hitting valuations, and points out that the <a href=\"https://laohu8.com/S/NWSAL\">News Corp</a>-controlled advertiser has a history of EPS declines against a backdrop of falling home prices. REA looks expensive relative to other ASX-listed classifieds providers, he adds. Bell Potter cuts its target price 37% to A$137.00. Shares are down 5.4% at A$150.30. <a href=\"https://laohu8.com/S/NWSLL\">News Corp</a> is the parent company of Dow Jones &amp; Co., publisher of The Wall Street Journal and Dow Jones Newswires. 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Bell Potter analyst Michael Ardrey cuts his recommendation on the Australia-listed real-estate classifieds group to sell from buy, telling clients in a note that he expects a softening in listings volumes to more than offset REA's yield growth. He sees declining property demand hitting valuations, and points out that the <a href=\"https://laohu8.com/S/NWSAL\">News Corp</a>-controlled advertiser has a history of EPS declines against a backdrop of falling home prices. REA looks expensive relative to other ASX-listed classifieds providers, he adds. Bell Potter cuts its target price 37% to A$137.00. Shares are down 5.4% at A$150.30. <a href=\"https://laohu8.com/S/NWSLL\">News Corp</a> is the parent company of Dow Jones &amp; Co., publisher of The Wall Street Journal and Dow Jones Newswires. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 08, 2026 20:25 ET (00:25 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"REA.AU","symbol_name":"REA GROUP LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2642709430","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2642709430","pubTimestamp":1780964700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0025 GMT - A combination of rising interest rates and taxation changes turn one of REA Group's bulls into a bear. Bell Potter analyst Michael Ardrey cuts his recommendation on the Australia-listed real-estate classifieds group to sell from buy, telling clients in a note that he expects a softening in listings volumes to more than offset REA's yield growth. He sees declining property demand hitting valuations, and points out that the News Corp-controlled advertiser has a history of EPS declines against a backdrop of falling home prices. REA looks expensive relative to other ASX-listed classifieds providers, he adds. Bell Potter cuts its target price 37% to A$137.00. Shares are down 5.4% at A$150.30. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"REA.AU":"REA GROUP LTD","REA":"Rare Earths Americas","BK7002":"互动媒体与服务","BK4168":"多种金属与采矿","BK7503":"科技股"},"translate_title":"REA多头因政策变化而变成空头——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"REA":1.5,"REA.AU":0.9},"content_text":"0025 GMT - A combination of rising interest rates and taxation changes turn one of REA Group's bulls into a bear. Bell Potter analyst Michael Ardrey cuts his recommendation on the Australia-listed real-estate classifieds group to sell from buy, telling clients in a note that he expects a softening in listings volumes to more than offset REA's yield growth. He sees declining property demand hitting valuations, and points out that the News Corp-controlled advertiser has a history of EPS declines against a backdrop of falling home prices. REA looks expensive relative to other ASX-listed classifieds providers, he adds. Bell Potter cuts its target price 37% to A$137.00. Shares are down 5.4% at A$150.30. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 08, 2026 20:25 ET (00:25 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}