Rhumbline Advisers Raises Holdings in The Real Brokerage Inc. (NASDAQ:REAX)

Rhumbline Advisers increased its position in The Real Brokerage Inc. (NASDAQ:REAX) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,324 shares of the company’s stock after buying an additional 4,906 shares during the quarter. Rhumbline Advisers owned 0.06% of Real Brokerage worth $572,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in shares of Real Brokerage during the fourth quarter valued at approximately $28,000. Wolverine Trading LLC purchased a new stake in shares of Real Brokerage in the 3rd quarter worth about $56,000. Sound Income Strategies LLC purchased a new position in shares of Real Brokerage during the fourth quarter valued at about $47,000. Geode Capital Management LLC raised its stake in Real Brokerage by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,224,183 shares of the company’s stock worth $6,794,000 after buying an additional 14,045 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Real Brokerage during the 3rd quarter worth approximately $98,000. 53.28% of the stock is currently owned by institutional investors.

Real Brokerage Trading Down 4.4 %

REAX opened at $4.52 on Friday. The firm’s 50 day simple moving average is $4.86 and its two-hundred day simple moving average is $5.26. The company has a market capitalization of $893.85 million, a PE ratio of -25.11 and a beta of 1.01. The Real Brokerage Inc. has a 1-year low of $2.46 and a 1-year high of $6.75.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings data on Thursday, March 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $350.63 million during the quarter, compared to the consensus estimate of $300.11 million. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. Equities analysts forecast that The Real Brokerage Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

REAX has been the subject of a number of research reports. BTIG Research initiated coverage on Real Brokerage in a report on Wednesday, December 18th. They issued a “buy” rating and a $6.00 price objective for the company. Jones Trading reissued a “buy” rating and issued a $6.00 price target on shares of Real Brokerage in a research report on Thursday.

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.