Charles Schwab Investment Management Inc. Acquires 144,011 Shares of The Real Brokerage Inc. (NASDAQ:REAX)

Charles Schwab Investment Management Inc. lifted its stake in The Real Brokerage Inc. (NASDAQ:REAX) by 48.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 438,295 shares of the company’s stock after acquiring an additional 144,011 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.22% of Real Brokerage worth $2,016,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp grew its holdings in Real Brokerage by 48.0% during the 3rd quarter. State Street Corp now owns 1,364,358 shares of the company’s stock valued at $7,572,000 after buying an additional 442,612 shares in the last quarter. Geode Capital Management LLC boosted its position 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 acquiring an additional 14,045 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Real Brokerage by 607.9% in the third quarter. JPMorgan Chase & Co. now owns 631,916 shares of the company’s stock valued at $3,507,000 after acquiring an additional 542,653 shares during the period. Point72 Asset Management L.P. purchased a new position in Real Brokerage during the third quarter valued at approximately $871,000. Finally, Barclays PLC increased its holdings in Real Brokerage by 337.7% during the 3rd quarter. Barclays PLC now owns 141,188 shares of the company’s stock worth $782,000 after acquiring an additional 108,928 shares during the period. 53.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. BTIG Research assumed coverage on shares of Real Brokerage in a report on Wednesday, December 18th. They issued a “buy” rating and a $6.00 price target for the company. Jones Trading reissued a “buy” rating and set a $6.00 price objective on shares of Real Brokerage in a research note on Thursday, March 6th.

Real Brokerage Price Performance

Shares of Real Brokerage stock opened at $4.14 on Friday. The company has a 50 day simple moving average of $4.85 and a two-hundred day simple moving average of $5.07. The firm has a market cap of $818.70 million, a PE ratio of -23.00 and a beta of 1.01. The Real Brokerage Inc. has a 1 year low of $3.01 and a 1 year high of $6.75.

Real Brokerage (NASDAQ:REAX) last released its earnings results on Thursday, March 6th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. The business had revenue of $350.63 million for the quarter, compared to analysts’ expectations of $300.11 million. As a group, research analysts anticipate that The Real Brokerage Inc. will post -0.1 earnings per share for the current 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.