Geode Capital Management LLC Grows Position in The Real Brokerage Inc. (NASDAQ:REAX)

Geode Capital Management LLC grew its stake in The Real Brokerage Inc. (NASDAQ:REAX) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,224,183 shares of the company’s stock after buying an additional 14,045 shares during the period. Geode Capital Management LLC owned 0.62% of Real Brokerage worth $6,794,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp increased its position in shares of Real Brokerage by 48.0% in the 3rd quarter. State Street Corp now owns 1,364,358 shares of the company’s stock valued at $7,572,000 after acquiring an additional 442,612 shares during the period. Harbor Capital Advisors Inc. grew its stake in 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 purchasing an additional 307,016 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Real Brokerage in the second quarter valued at about $1,091,000. Point72 Asset Management L.P. acquired a new stake in shares of Real Brokerage during the third quarter worth about $871,000. Finally, Rhumbline Advisers acquired a new stake in shares of Real Brokerage during the second quarter worth about $474,000. 53.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Real Brokerage Stock Performance

NASDAQ:REAX opened at $4.48 on Friday. The firm’s fifty day moving average is $5.17 and its two-hundred day moving average is $5.34. The firm has a market cap of $885.94 million, a price-to-earnings ratio of -24.89 and a beta of 0.95. The Real Brokerage Inc. has a one year low of $1.62 and a one year high of $6.75.

Real Brokerage (NASDAQ:REAX) last issued its 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. The firm 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 prior year, the business earned ($0.02) earnings per share. As a group, equities research analysts predict that The Real Brokerage Inc. will post -0.1 earnings per share 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.