268,698 Shares in The Real Brokerage Inc. (NASDAQ:REAX) Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp bought a new stake in The Real Brokerage Inc. (NASDAQ:REAX) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 268,698 shares of the company’s stock, valued at approximately $1,091,000. Bank of New York Mellon Corp owned 0.15% of Real Brokerage as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Searcy Financial Services Inc. ADV bought a new position in Real Brokerage in the first quarter valued at approximately $37,000. TCI Wealth Advisors Inc. acquired a new position in shares of Real Brokerage during the 1st quarter worth $49,000. HBK Sorce Advisory LLC lifted its position in shares of Real Brokerage by 17.1% during the 1st quarter. HBK Sorce Advisory LLC now owns 72,000 shares of the company’s stock worth $225,000 after buying an additional 10,500 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Real Brokerage in the first quarter valued at about $263,000. Finally, Harbor Capital Advisors Inc. boosted its stake in Real Brokerage by 311.5% in the second quarter. Harbor Capital Advisors Inc. now owns 288,039 shares of the company’s stock valued at $1,169,000 after buying an additional 218,034 shares in the last quarter. 53.28% of the stock is currently owned by institutional investors and hedge funds.

Real Brokerage Trading Down 0.9 %

Shares of NASDAQ REAX opened at $5.73 on Friday. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -28.65 and a beta of 1.03. The Real Brokerage Inc. has a 12 month low of $1.28 and a 12 month high of $6.75. The stock has a 50-day moving average price of $5.86 and a two-hundred day moving average price of $4.65.

Real Brokerage (NASDAQ:REAX) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Real Brokerage had a negative net margin of 3.55% and a negative return on equity of 81.21%. The business had revenue of $340.78 million during the quarter, compared to analysts’ expectations of $264.06 million. During the same period in the prior year, the company earned ($0.02) EPS. On average, sell-side analysts predict that The Real Brokerage Inc. will post -0.13 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.