Mackenzie Realty Capital Stock (OTC: MKZR)

Latest news for Mackenzie Realty Capital (OTC:MKZR) Stock

Mackenzie Realty Capital Inc is a company which is a Real estate investment trust (REIT). The company has one reportable segment, income-producing real estate properties which consists of activities related to investing in real estate.

MACKENZIE REALTY CAPITAL by Mackenzie Realty Capital, Inc.

Mackenzie Realty Capital Inc

Earnings

News

ORAN

ORANGE Q2 2024 Revenue Є9.989B

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares are trading lower Wednesday on the heels of the company&#8217;s second-quarter financial results. The EV maker noted that it expects 2024 vehicle <a href="https://www.benzinga.com/news/earnings/24/07/39918390/tesla-q2-earnings-highlights-revenue-beat-eps-miss-robotaxi-update-2024-growth-rate-to-be-notably-l">volume growth to be lower than in 2023</a>.
What Happened: Tesla said second-quarter revenue increased 2% year-over-year to $25.5 billion, beating the consensus estimate of $24.73 billion, according to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>. The company reported adjusted earnings of 52 cents per share, missing analyst estimates of 62 cents per share. 
Tesla&#8217;s earnings miss appears to be due to continued pressure on its auto business. Automotive revenue fell 7% year-over-year as earnings margins declined. 
Tesla produced 410,831 vehicles in the second-quarter, down 14% year-over-year, and delivered 443,956 vehicles, down 5% year-over-year. The EV maker ended the quarter with 6,473 Supercharger stations. Tesla noted that it had record energy storage of 9.4 GWh in the second quarter.
Tesla said it expects a sequential increase in production in the third quarter, but warned that vehicle growth may be notably slower overall this year compared to last year. 
&#8220;In 2024, our vehicle growth rate may be notably lower than the growth rate achieved in 2023, as our teams work on the launch of the next generation vehicle and other products,&#8221; the company warned. 
Tesla said it has enough cash on hand and liquidity available to build out its product roadmap and complete its long-term expansion plans.
Late Tuesday, CEO Elon Musk posted a <a href="https://x.com/elonmusk/status/1815907844434112999">poll</a> on X asking users to vote on whether Tesla should invest $5 billion in Musk&#8217;s artificial intelligence startup xAI. At the time of writing, 68.6% of respondents were in favor of the move. 
Check This Out: <a href="https://www.benzinga.com/news/24/07/39929718/tesla-robotaxi-unveiling-set-for-oct-10-here-are-the-updates-from-company-ceo-elon-musk-on-its-upcom">Tesla Robotaxi Unveiling Set For Oct.10: Here Are The Updates From Company CEO Elon Musk On Its Upcoming Product</a>
Analyst Changes: Following the print, multiple analysts adjusted price targets on the stock.
<ul>
<li>Goldman Sachs analyst Mark Delaney maintained Tesla with a<a href="https://www.benzinga.com/analyst-stock-ratings"> Neutral</a> and lowered the price target from&nbsp;$248&nbsp;to&nbsp;$230.</li>
</ul>
<ul>
<li>Needham analyst Chris Pierce reiterated Tesla with a Hold.</li>
</ul>
<ul>
<li>Citigroup analyst Itay Michaeli maintained Tesla with a Neutral and lowered the price target from&nbsp;$274&nbsp;to&nbsp;$258.</li>
</ul>
<ul>
<li>Piper Sandler analyst Alexander Potter maintained Tesla with an Overweight and raised the price target from&nbsp;$205&nbsp;to&nbsp;$300.</li>
</ul>
TSLA Price Action: Tesla shares were down 7.93% at $226.85 at the time of publication Wednesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: courtesy of Tesla.

Movers

TSLA

Tesla Stock Is Sliding Wednesday: What's Going On?

BMO Capital analyst John McNulty maintains Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) with a Outperform and raises the price target from $360 to $386.

Price Target

Analyst Ratings

BMO Capital Maintains Outperform on Sherwin-Williams, Raises Price Target to $386

Keybanc analyst John Vinh maintains Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) with a Overweight and raises the price target from $200 to $250.

Keybanc Maintains Overweight on Texas Instruments, Raises Price Target to $250

DA Davidson analyst Brandon Rolle maintains MarineMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HZO#NYSE">HZO</a>) with a Buy and raises the price target from $34 to $37.

DA Davidson Maintains Buy on MarineMax, Raises Price Target to $37

<a href="https://www.theinformation.com/articles/why-openai-could-lose-5-billion-this-year">https://www.theinformation.com/articles/why-openai-could-lose-5-billion-this-year</a>
&nbsp;

MSFT

'Why OpenAI Could Lose $5 Billion This Year' - The Information

BMO Capital analyst Michael Zaremski maintains Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) with a Market Perform and raises the price target from $92 to $95.

SIGI

BMO Capital Maintains Market Perform on Selective Insurance Gr, Raises Price Target to $95

A Bitcoin-oriented startup has announced the launch of a fund that allows Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holders to <a href="https://www.benzinga.com/markets/cryptocurrency/22/05/27411677/portuguese-parliament-dismisses-bill-asking-to-tax-bitcoin-ethereum-and-other-cryptocurren">acquire Portuguese citizenship</a>.
What Happened: The so-called &#8220;Unbound Fund&#8221; introduced by entrepreneur and Bitcoin advocate Alessandro Palombo, offers a unique proposition: acquire Portuguese and EU citizenship by indirectly holding Bitcoin worth €500,000 ($542,000) through a Golden Visa eligible fund. This approach is to combine a cryptocurrency investment with the benefits of European residency and citizenship.
The fund aims to be radically transparent about costs and capital efficient and invests in BlackRock&#8216;s iShares Bitcoin Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) as a vehicle to hold Bitcoin. Under Portuguese law, investing a minimum of €500,000 in a qualifying investment can make one eligible for a so-called Golden Visa.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39916724/vice-president-kamala-harris-team-contacted-mark-cuban-on-crypto-policy">Vice President Kamala Harris&#8217; Team Contacted Mark Cuban On Crypto Policy</a>
Why It Matters: The introduction of Unbound Fund marks a significant shift in the intersection of cryptocurrency and citizenship acquisition. It leverages the growing popularity of Bitcoin and the appeal of EU citizenship to create a unique investment opportunity.
Palombo&#8217;s <a href="https://x.com/0x_ale/status/1815683546670858685">tweet</a> also highlights the potential of Bitcoin as a tool for freedom of movement. This aligns with the broader trend of cryptocurrencies being used to facilitate international transactions and mobility.
As the first Golden Visa-eligible fund offering exposure to Bitcoin, Unbound Fund could set a precedent for similar initiatives in the future.
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39928555/if-you-invested-1000-in-bitcoin-when-jack-dorsey-endorsed-it-as-internets-native-currency-">If You Invested $1000 In Bitcoin When Jack Dorsey Endorsed It As Internet&#8217;s Native Currency, Here&#8217;s How Much It&#8217;d Be Worth Today</a></li>
</ul>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

IBIT

Holding Bitcoin Worth $542K Could Enable You To Get A Portuguese Passport

<ul>
<li>TSLA</li>
<li>NVDA</li>
<li>AI</li>
<li>CRWD</li>
<li>QQQ</li>
<li>WAY</li>
<li>GOOGL</li>
<li>AAPL</li>
<li>AMZN</li>
<li>LOT</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

Trading Ideas

AAPL

AMZN

CRWD

GOOGL

NVDA

Top 10 Trending Stocks On WallStreetBets As Of July 24 2024 (Via Swaggy Stocks)

Contracts

Diana Shipping Announces Time Charter Contract For /v DSI Polaris With Stone Shipping; Charter Rate Is $15,400/Day Minus 5% Commission To Third Parties For Period Until Minimum June 1, 2025 To Maximum Aug. 15, 2025

Latest $315K Order Follows Previous $500K Order; Company Projects Tactical Headset Market To Reach $3.8B By 2027; Reports Preliminary H1 2024 Revenue Of $5.31M And Cash Equivalents Of $3.69M

SYNX

Silynxcom Receives $815K In Orders From Israel Defense Forces Since July 2024

SING

SinglePoint Reports 20% YoY Revenue Increase For 2023; Boston Solar Reduces $3.1M In Annual Overhead, Achieves 50% Revenue Per Employee Increase, And Secures $20M In Commercial Contracts; Expects Continued Growth Into 2025 Amid Strong State Solar Mandates And Strategic Operational Enhancements

<ul>
<li>The sole focus of CPC's position and lawsuit against XWELL's entrenched Board of Directors (the "Entrenched Directors") is to provide shareholders with an opportunity to elect a competing slate of directors to XWELL's existing Board at the next annual shareholder meeting.</li>
<li>Under the leadership of the incumbent Board, led by Chairman Bruce Bernstein, XWELL has reported a combined net operating loss of $207.3 million from 2018 through 2023.</li>
<li>Since February 2016, XWELL's common stock has declined in value by approximately 99%—from $1,788 per share (accounting for subsequent reverse stock splits) to $1.85 per share as of July 23, 2024.</li>
<li>During the period of XWELL's near complete loss of value, the Entrenched Directors have regularly awarded and paid themselves large compensation packages at the expense of shareholders.</li>
<li>CPC aims to provide shareholders with an opportunity to replace the Entrenched Directors with directors who will put shareholders' interests ahead of personal financial gain; to improve XWELL's financial health by stopping the existing cash burn and preserving cash on the balance sheet; and to explore a strategy that would use Company cash to acquire high-demand, high-margin businesses with significant positive cash flow in the health and wellness space. &nbsp;</li>
</ul>
NEW YORK, July 24, 2024 (GLOBE NEWSWIRE) -- &nbsp;Today, CPC Pain &amp; Wellness SPV, LLC ("CPC"), a significant XWELL, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XWEL#NASDAQ">XWEL</a>) ("XWELL" or the "Company") shareholder that beneficially owns 394,200 or 9.42% of XWELL's outstanding shares, issued the below letter to its fellow shareholders. The letter informs shareholders of CPC's recent lawsuit filing against the incumbent members of XWELL's Board of Directors for breach of their fiduciary duties and for the Board's wrongful and inequitable efforts to prevent CPC from nominating a competing slate of directors and consequently denying shareholders the opportunity to choose who they elect to XWELL's Board at the upcoming annual shareholder meeting. In its letter, CPC details how current Board members have personally benefited from XWELL while overseeing an astounding decline in XWELL shareholder value and substantial net losses. CPC also shares in the below letter its vision for restoring and maximizing shareholder value.

Management

XWEL

CPC Pain & Wellness SPV Issues Letter To Fellow XWELL, Inc. Shareholders; Says Under The Leadership Of The Incumbent Board, Led By Chairman Bruce Bernstein, XWELL Has Reported A Combined Net Operating Loss Of $207.3M From 2018 Through 2023

WIIM

Vintage Wine Estates, Inc. - Common Stock

Vintage Wine Estates shares are trading lower after the company announced a bankruptcy filing and a voluntary delisting and SEC deregistration.

The sell-off in the shares of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Alphabet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) did not go down well with CNBC Mad Money host Jim Cramer. He aired his view on the sell-off through a series of posts on the social-media platform X, owned by Tesla CEO Elon Musk.
What Happened: Tesla shares fell about 9% and Google-parent Alphabet over 4% in premarket trading. Commenting on the stock moves, Cramer said, &#8220;Wonder if any of the sellers of Google or Tesla actually listened to the conference calls last night because anyone who did knows these companies are doing extremely well.&#8221;
&#8220;It is ALL zeitgeist and an attempt to get CEOs to say they are spending too much on AI,&#8221; he added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I wonder if any of the sellers of Google or Tesla actually listened to the conference calls last night because anyone who did knows these companies are doing extremely well. It is ALL zeitgeist and an attempt to get ceos to say they are spending too much on AI
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1816044695165825405?ref_src=twsrc%5Etfw">July 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Tesla is ramping up efforts to bring its full self-driving technology to fruition. Just after the earnings call, Musk ran a poll on whether Tesla should invest $5 billion in his xAI venture.
Alphabet hinted at an acceleration in its capital spending plans to stay ahead of the rest of its AI peers. Deepwater Asset Management&#8217;s Gene Munster said the company runs the risk of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39925881/alphabet-investors-fret-over-margin-impact-of-higher-ai-related-capex-but-fund-mana">losing its grip on the future if it doesn&#8217;t grow CapEx at a 70%+ rate.</a>
See Also: <a href="https://www.benzinga.com/money/best-tech-stocks">Best Tech Stocks Right Now</a>
Tesla Poses Triple Threat: Tagging Musk, Cramer said he loved the quarter because &#8220;it shows you will be the leader in self-drive AND robotics AND grid electric flow.&#8221; &#8220;Triple threat man!&#8221; he added. 
Cramer expressed his optimism concerning the electric vehicle maker in a separate post. &#8220;I know that Tesla&#8217;s stock is down in after hours but, holy cow, what a terrific conference call: tutorial on autonomy, humanoids, batteries&#8230;really impressive,&#8221; he said.
Not many may buy into this argument as critics <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39924771/bubble-fraud-tesla-worth-around-8-40-per-share-stock-valuation-under-scrutiny-as-ev">questioned the valuation of the stock</a> amid the earnings miss and sizeable benefit bestowed by the zero emission-vehicle credit, which is one-time in nature.
Sell-offs Motive: Cramer said the sell-off has a mind of its own. While there was nothing wrong with Google&#8217;s results, Tesla has a lot of things going for it that no one cares about now but will matter years down the road, he said.
&#8220;A lot of this selloff has to do with the endless desire to get the small-cap v. Mag 7 nonsense going,&#8221; he said, adding &#8220;It&#8217;s just supposed to be this giant shift of money out of Mag 7 into the small-cap. It&#8217;s &#8216;the&#8217; hot flavor narrative.&#8221;
He also recommended against moving money out of mega-caps and artificial intelligence into &#8220;lousy&#8221; small-caps that &#8220;aren&#8217;t worth nearly as much as we are going to take them to.&#8221;
The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>), which tracks the small-cap focused Russell 2,000 Index, fell 0.50% to $221.52 in premarket trading, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39926440/tesla-stock-is-plunging-over-7-in-wednesdays-pre-market-after-q2-earnings-whats-going-on">Tesla Stock Is Plunging Over 7% In Wednesday&#8217;s Pre-Market After Q2 Earnings: What&#8217;s Going On</a></li>
</ul>
Image Via Shutterstock

Analyst Color

Equities

Long Ideas

Tech

Media

GOOG

Jim Cramer Slams Tesla, Google-Parent Alphabet Sellers, Says Anyone Who Listened To Conference Calls 'Knows These Companies Are Doing Extremely Well'

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Piper Sandler raised the price target for Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) from $205 to $300. Piper Sandler analyst Alexander Potter maintained an Overweight rating. Tesla shares fell 2% to close at $246.38 on Tuesday. <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Truist Securities increased the price target for Zions Bancorporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) from $45 to $54. Truist Securities analyst Jennifer Demba maintained a Hold rating. Zions Bancorporation shares gained 6.2% to close at $52.53 on Tuesday. <a href="https://www.benzinga.com/quote/ZION/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo raised the price target for Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) from $187 to $190. Wells Fargo analyst Ken Gawrelski maintained an Equal-Weight rating. Alphabet shares rose 0.1% to close at $181.79 on Tuesday. <a href="https://www.benzinga.com/quote/GOOGL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>UBS decreased Boot Barn Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) price target from $140 to $125. UBS analyst Jay Sole downgraded the stock from Buy to Neutral. Boot Barn shares fell 1% to close at $122.54 on Tuesday. <a href="https://www.benzinga.com/quote/BOOT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JMP Securities slashed the price target for CoStar Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>) from $110 to $90. JMP Securities analyst Nicholas Jones maintained a Market Outperform rating. CoStar Group shares fell 0.9% to close at $74.84 on Tuesday. <a href="https://www.benzinga.com/quote/CSGP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Guggenheim raised Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) price target from $54.5 to $55. Guggenheim analyst Gregory Francfort maintained a Neutral rating. Chipotle shares fell 1.9% to close at $52.55 on Tuesday. <a href="https://www.benzinga.com/quote/CMG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley cut Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) price target from $326 to $322. Morgan Stanley analyst James Faucette maintained an Overweight rating. Visa shares fell 1.1% to close at $264.79 on Tuesday. <a href="https://www.benzinga.com/quote/V/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Rosenblatt boosted Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) price target from $396 to $399. Rosenblatt analyst Barton Crockett maintained a Buy rating. Spotify shares gained 12% to close at $330.79 on Tuesday. <a href="https://www.benzinga.com/quote/SPOT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies cut The Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) price target from $182 to $175. Jefferies analyst Kaumil Gajrawala downgraded the stock from Buy to Hold. Procter &amp; Gamble shares fell 1% to close at $166.62 on Tuesday. <a href="https://www.benzinga.com/quote/PG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler slashed Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) price target from $494 to $404. Piper Sandler analyst Korinne Wolfmeyer downgraded the stock from Overweight to Neutral. Ulta Beauty shares fell 0.6% to close at $389.29 on Tuesday. <a href="https://www.benzinga.com/quote/ULTA/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39907046/best-buy-kroger-and-2-other-stocks-insiders-are-selling">Best Buy, Kroger And 2 Other Stocks Insiders Are Selling</a></li>
</ul>

Markets

BOOT

CSGP

SPOT

ULTA

ZION

Tesla To Rally Around 22%? Here Are 10 Top Analyst Forecasts For Wednesday

If millennials needed one more reason to say the housing market is rigged against them, this is it.&nbsp;
Property taxes are designed to fund local services like schools, libraries, parks, trails, and other local facilities that make a community a great place to live. But rising inflation has meant rising property taxes, leaving some homeowners struggling to make up the difference.&nbsp;
Don't Miss:
<ul>
<li>This platform allows individuals to invest in commercial real estate with as little as $5,000<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> offering a 12% target yield with a bonus 1% return boost today</a>.</li>
<li>This Jeff Bezos-backed startup will allow you to<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> become a landlord in just 10 minutes, and you only need $100</a>.</li>
</ul>
Theoretically, everyone pays their portion of the pie, with homeowners in the most valuable properties paying the most. Properties are typically assessed annually, so whether you bought your home in 1975 or 2020 shouldn&#8217;t make a difference. But what if that isn&#8217;t the case?&nbsp;
With escalating inflation, some states have measures to limit maximum annual increases – with varying degrees of success. This year, Alabama, Wyoming, and Kansas enacted laws designed to protect homeowners from future astronomical tax hikes. Realtor.com reports that, in November, voters in Colorado and Georgia will weigh in on similar proposals.
However, realtor.com says the most controversial example comes from Georgia's Muscogee County. In 1982, voters approved a local ordinance freezing property taxes for existing homeowners. Since then, longtime homeowners have benefited from almost nonexistent <a href="https://www.benzinga.com/partner/real-estate/24/07/39664963/you-may-be-spending-more-on-property-taxes-than-you-need-to-save-on-taxes-with-ownwell-and-on">property taxes by today&#8217;s standards</a>.
See Also: <a href="https://www.benzinga.com/money/realbricks">Will the surge continue or decline on real estate prices? People are finding out about risk-free real estate investing that lets you cash out whenever you want.</a>
Suzanne Widenhouse, the county's chief appraiser, reported that two similar homes, each worth about $330,000, had a whopping $3,228 difference in their tax bill. One, owned by the same person since 1980, had to pay just $8 in property taxes, while the other, purchased in 2017, owed $3,236.&nbsp;
What is a fair property tax? That&#8217;s the real question with this disparity. Two homeowners with similar properties should pay a similar amount. But is $3,236 or about $270 a month for a home under the average price in many areas fair?&nbsp;
<h2 class="wp-block-heading">Does the local municipality have the funds to offer services, and does it add value for homeowners?&nbsp;</h2>
And what is proportional? In some areas, home values have jumped 54% in the past five years, according to the Case-Schiller home price index. Last year, state and local governments collected about $760 billion in property taxes, up 31% from 2018. That&#8217;s great for cities but one more burden for homeowners who struggle with rising inflation in other areas.&nbsp;
Is a cap the solution? In Washington state, which has had a 1% annual property tax cap since 2001, local municipalities can&#8217;t <a href="https://www.benzinga.com/money/costs-of-buying-a-home">keep up with rising costs</a>, leading to shortages or reduced services.&nbsp;
What&#8217;s the solution? A happy medium price cap? No price cap? A nationwide policy that overrides states&#8217; autonomy? We want to know what you think. Weigh in below!
Read Next:
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<li>Rory McIlroy&#8217;s mansion in Florida is worth $22 million today, doubling from 2017 —<a href="https://benzinga.com/money/rory-mcilroys-florida-mansion-doubled-in-value"> here&#8217;s how to get started investing in real estate with just $100</a></li>
<li>This investment company boasts a 35.14% internal rate of return (IRR) for its realized projects, allowing accredited investors to <a href="https://www.benzinga.com/money/bam-capital" target="_blank" rel="noreferrer noopener">earn passive returns and avoid the headaches of being a landlord. </a></li>
</ul>

Personal Finance

Property Tax Caps: Homeowner Relief Or Community Killer? 'You're Paying $8, While Your Neighbor Owes $3,236'

Capitol Federal Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFFN#NASDAQ">CFFN</a>) reported quarterly earnings of $0.07 per share which missed the analyst consensus estimate of $0.11 by 36.36 percent. The company reported quarterly sales of $40.324 million which missed the analyst consensus estimate of $42.469 million by 5.05 percent. This is a 16.04 percent increase over sales of $34.750 million the same period last year.

Earnings Misses

CFFN

Capitol Federal Finl Q3 2024 GAAP EPS $0.07 Misses $0.11 Estimate, Sales $40.324M Miss $42.469M Estimate

Keybanc analyst Kenneth Zener maintains Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) with a Overweight and raises the price target from $400 to $410.

Keybanc Maintains Overweight on Sherwin-Williams, Raises Price Target to $410

<a href="https://www.globenewswire.com/Tracker?data=dE3SKTJQy44r9_mBvmlLk6CBj-HWVfCLJ4souXpSf-Q-xLTSaJUOwAAbMcvIM94qNuKvm78buytLP7wf8E0U3w==">Taboola</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBLA#NASDAQ">TBLA</a>), a global leader in powering recommendations for the open web, today announced Taboola for Audience, a new AI-powered technology that empowers publishers to drive significantly more traffic, which is more critical now than ever. &nbsp;
Taboola for Audience allows publishers to future-proof their audience development goals and navigate substantial changes affecting their referral traffic from search and social media. In 2024 alone, publishers have contended with changes to <a href="https://www.globenewswire.com/Tracker?data=T1qLTWnVSx4Bo9Gjf11ihgbBjpighlDSYudb__MEfr5tTa1L9gBTpcHBBM7pbz23ig4FIzKpTgpDmwpWTP9z45Kt6ichiAoe9rWLM_0vEQdKR_Lle1T6wvmVUowCgrjFJ-104HQ9YtVUPoGV-_BM-0yA335235k5sldftfgTguQQftJg6oR3kJMkeM2Ot09C">search engine</a> and <a href="https://www.globenewswire.com/Tracker?data=URNWrS62fwLwyjNGP4AAifzEN7aKLT4amkul5UNbEdXYlIwV1DI8ATrjR5kSJfQNsOZ6aWJ7Uwhb-t2nWBuBO-uh8wIoPTbVAYd2baIF661GstR2tvDKC4v9_DbD57K4-1Se3R7IF1XFlucNoFuXZICe1Kz-UImhJCVwg040sokn4VQ6KwzzbV3YgbWa8mrDhqo3ysLkBZkD-XxWAccWhQ==">social media traffic</a>, as well as ongoing uncertainty around the impact of Generative AI advancements.
Publishers are making use of Taboola for Audience capabilities and with it, Taboola has driven nearly 10 percent more traffic to select publisher sites. making it a top referral source after social media and search. Among select publishers, Taboola for Audience is the single largest traffic referral source after social media and search as well.

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