26,402 Shares in The Real Brokerage Inc. (NASDAQ:REAX) Bought by Franklin Resources Inc.

Franklin Resources Inc. purchased a new stake in shares of The Real Brokerage Inc. (NASDAQ:REAX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,402 shares of the company’s stock, valued at approximately $138,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new stake in shares of Real Brokerage in the second quarter worth about $1,091,000. Principal Financial Group Inc. purchased a new position in Real Brokerage in the 2nd quarter worth approximately $52,000. Rhumbline Advisers acquired a new stake in Real Brokerage in the second quarter valued at approximately $474,000. National Bank of Canada FI raised its stake in shares of Real Brokerage by 198.8% during the second quarter. National Bank of Canada FI now owns 5,975 shares of the company’s stock valued at $26,000 after purchasing an additional 3,975 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Real Brokerage by 25.3% during the second quarter. Renaissance Technologies LLC now owns 229,500 shares of the company’s stock worth $932,000 after purchasing an additional 46,400 shares in the last quarter. 53.28% of the stock is currently owned by institutional investors and hedge funds.

Real Brokerage Price Performance

Shares of Real Brokerage stock opened at $4.60 on Friday. The Real Brokerage Inc. has a 12-month low of $1.54 and a 12-month high of $6.75. The firm has a market capitalization of $909.67 million, a PE ratio of -25.55 and a beta of 0.95. The stock’s fifty day moving average is $5.18 and its 200-day moving average is $5.33.

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 business had revenue of $372.49 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted ($0.02) earnings per share. Analysts expect that The Real Brokerage Inc. will post -0.1 EPS for the current year.

Analyst Ratings Changes

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

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.