The Real Brokerage Inc. (NASDAQ:REAX) Shares Acquired by State Street Corp

State Street Corp grew its holdings in The Real Brokerage Inc. (NASDAQ:REAX) by 48.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,364,358 shares of the company’s stock after purchasing an additional 442,612 shares during the quarter. State Street Corp owned 0.69% of Real Brokerage worth $7,572,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in REAX. National Bank of Canada FI boosted 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 buying an additional 3,975 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Real Brokerage in the second quarter valued at $52,000. Intech Investment Management LLC purchased a new position in Real Brokerage in the third quarter valued at $98,000. The Manufacturers Life Insurance Company acquired a new position in Real Brokerage during the 2nd quarter worth $145,000. Finally, SG Americas Securities LLC purchased a new stake in Real Brokerage during the 3rd quarter worth about $183,000. Institutional investors and hedge funds own 53.28% of the company’s stock.

Analysts Set New Price Targets

Separately, BTIG Research started coverage on Real Brokerage in a research note on Wednesday, December 18th. They issued a “buy” rating and a $6.00 price objective for the company.

Real Brokerage Trading Down 1.9 %

Shares of REAX opened at $4.73 on Friday. The firm has a market capitalization of $935.38 million, a price-to-earnings ratio of -26.28 and a beta of 0.95. The firm’s fifty day simple moving average is $5.23 and its 200-day simple moving average is $5.32. The Real Brokerage Inc. has a twelve month low of $1.52 and a twelve month high of $6.75.

Real Brokerage (NASDAQ:REAX) last posted 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 company had revenue of $372.49 million for the quarter, compared to analysts’ expectations of $334.61 million. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. During the same period last year, the firm earned ($0.02) earnings per share. On average, analysts predict that The Real Brokerage Inc. will post -0.1 earnings per share for the current fiscal 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.