JPMorgan Chase & Co. Has $3.51 Million Stock Holdings in The Real Brokerage Inc. (NASDAQ:REAX)

JPMorgan Chase & Co. grew its holdings in shares of The Real Brokerage Inc. (NASDAQ:REAX) by 607.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 631,916 shares of the company’s stock after buying an additional 542,653 shares during the quarter. JPMorgan Chase & Co. owned 0.32% of Real Brokerage worth $3,507,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wolverine Trading LLC acquired a new position in Real Brokerage during the 3rd quarter valued at about $56,000. Geode Capital Management LLC lifted its holdings in shares of Real Brokerage by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,224,183 shares of the company’s stock valued at $6,794,000 after purchasing an additional 14,045 shares in the last quarter. Intech Investment Management LLC bought a new stake in Real Brokerage during the third quarter worth $98,000. Quantbot Technologies LP boosted its holdings in Real Brokerage by 45.8% during the 3rd quarter. Quantbot Technologies LP now owns 58,692 shares of the company’s stock worth $326,000 after acquiring an additional 18,440 shares during the last quarter. Finally, Virtus Investment Advisers Inc. bought a new stake in shares of Real Brokerage in the 3rd quarter worth $117,000. 53.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Real Brokerage Stock Up 2.7 %

REAX opened at $4.54 on Friday. The company’s 50-day moving average price is $4.90 and its two-hundred day moving average price is $5.37. The Real Brokerage Inc. has a twelve month low of $2.14 and a twelve month high of $6.75. The stock has a market cap of $897.80 million, a price-to-earnings ratio of -25.22 and a beta of 1.00.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. The business had revenue of $372.49 million during the quarter, compared to analyst estimates 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 in the prior year, the company earned ($0.02) earnings per share. As a group, sell-side analysts anticipate that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

Real Brokerage 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.