Principal Financial Group Inc. Has $402,000 Position in The Real Brokerage Inc. (NASDAQ:REAX)

Principal Financial Group Inc. boosted its stake in shares of The Real Brokerage Inc. (NASDAQ:REAX) by 463.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,467 shares of the company’s stock after purchasing an additional 59,614 shares during the period. Principal Financial Group Inc.’s holdings in Real Brokerage were worth $402,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. AWM Investment Company Inc. increased its position in Real Brokerage by 240.6% during the first quarter. AWM Investment Company Inc. now owns 1,703,228 shares of the company’s stock worth $5,314,000 after buying an additional 1,203,228 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Real Brokerage by 106.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 595,055 shares of the company’s stock valued at $3,303,000 after acquiring an additional 307,016 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Real Brokerage in the 2nd quarter valued at approximately $1,091,000. Renaissance Technologies LLC lifted its holdings in Real Brokerage by 25.3% in the 2nd quarter. Renaissance Technologies LLC now owns 229,500 shares of the company’s stock worth $932,000 after purchasing an additional 46,400 shares during the last quarter. Finally, Rhumbline Advisers bought a new stake in Real Brokerage during the second quarter worth approximately $474,000. Institutional investors and hedge funds own 53.28% of the company’s stock.

Real Brokerage Price Performance

Shares of REAX opened at $5.34 on Monday. The Real Brokerage Inc. has a one year low of $1.28 and a one year high of $6.75. The company’s fifty day moving average price is $5.44 and its 200 day moving average price is $5.27. The company has a market capitalization of $1.06 billion, a PE ratio of -29.67 and a beta of 1.02.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $372.49 million during the quarter, compared to the consensus estimate of $334.61 million. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. During the same period in the prior year, the firm earned ($0.02) EPS. Analysts anticipate that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

Real Brokerage Company Profile

The Real Brokerage Inc, together with its subsidiaries, operates as a real estate technology company in the United States and Canada. It operates in three segments: North American Brokerage, Real Title, and One Real Mortgage. It offers brokerage, title, and mortgage broker services. The company is based in Miami, Florida.