The REA Group Ltd share price has fallen by about 35% in the past year. Not many S&P/ASX 200 Index shares have fallen that far over the same time period.
REA Group describes itself as a multinational digital advertising business, specialising in property.
The company also owns Mortgage Choice, an Australian mortgage broking franchise group, PropTrack, a leading provider of property data services, Campaign Agent, Australia's leading provider of vendor-paid advertising finance solutions to the Australian real estate market and Realtair, a digital platform providing technology for the real estate transaction process.
As you can see, REA Group has a strong presence across the real estate sector.
Australian revenue grew 11% to $1.7 billion, Australian operating profit before associates rose 13% to $1.1 billion, net profit after tax rose 15% to $650 million and earnings per share climbed 15% to $4.93.
The company noted some highlights for realestate.com.au, with 12.7 million people visiting the portal on average each month.
Combined Melbourne and Sydney listings declined by 13%, while Brisbane, Perth and Adelaide increased by 13%.
Management expects a low double-digit controllable residential buy yield, excluding the impact of the geographical mix, driven by a 80% premium price increase and growth in add-ons.
The average price target of those analyst ratings was $188.50, which implies a possible rise of 27% over the next year from where it is.