Charles Schwab Investment Management Inc. Boosts Stock Position in The Real Brokerage Inc. (NASDAQ:REAX)

Charles Schwab Investment Management Inc. boosted its holdings in The Real Brokerage Inc. (NASDAQ:REAX) by 30.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 294,284 shares of the company’s stock after acquiring an additional 69,343 shares during the period. Charles Schwab Investment Management Inc. owned 0.15% of Real Brokerage worth $1,633,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. National Bank of Canada FI grew its position in Real Brokerage by 198.8% in the 2nd quarter. National Bank of Canada FI now owns 5,975 shares of the company’s stock valued at $26,000 after acquiring an additional 3,975 shares in the last quarter. Principal Financial Group Inc. purchased a new position in shares of Real Brokerage during the second quarter worth about $52,000. Intech Investment Management LLC acquired a new position in Real Brokerage in the 3rd quarter valued at $98,000. The Manufacturers Life Insurance Company acquired a new position in Real Brokerage during the 2nd quarter worth approximately $145,000. Finally, SG Americas Securities LLC purchased a new position in shares of Real Brokerage in the 3rd quarter valued at about $183,000. 53.28% of the stock is currently owned by hedge funds and other institutional investors.

Real Brokerage Price Performance

REAX opened at $5.03 on Tuesday. The Real Brokerage Inc. has a 1-year low of $1.46 and a 1-year high of $6.75. The stock’s 50 day simple moving average is $5.32 and its 200 day simple moving average is $5.32. The stock has a market cap of $994.68 million, a P/E ratio of -27.94 and a beta of 0.95.

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

About Real Brokerage

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.