The Real Brokerage Inc. (NASDAQ:REAX) Stock Position Raised by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of The Real Brokerage Inc. (NASDAQ:REAX) by 463.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,467 shares of the company’s stock after purchasing an additional 59,614 shares during the period. Principal Financial Group Inc.’s holdings in Real Brokerage were worth $402,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of REAX. Bank of New York Mellon Corp acquired a new stake in shares of Real Brokerage during the second quarter valued at approximately $1,091,000. Rhumbline Advisers purchased a new position in Real Brokerage during the 2nd quarter worth approximately $474,000. National Bank of Canada FI raised its stake in Real Brokerage by 198.8% during the 2nd quarter. National Bank of Canada FI now owns 5,975 shares of the company’s stock valued at $26,000 after purchasing an additional 3,975 shares during the period. Renaissance Technologies LLC raised its stake in Real Brokerage by 25.3% during the 2nd quarter. Renaissance Technologies LLC now owns 229,500 shares of the company’s stock valued at $932,000 after purchasing an additional 46,400 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of Real Brokerage by 42.5% in the second quarter. Mercer Global Advisors Inc. ADV now owns 100,000 shares of the company’s stock valued at $406,000 after purchasing an additional 29,800 shares in the last quarter. 53.28% of the stock is owned by hedge funds and other institutional investors.

Real Brokerage Stock Performance

Shares of NASDAQ REAX opened at $4.48 on Monday. The stock has a market cap of $885.94 million, a PE ratio of -24.89 and a beta of 0.95. The business has a fifty day moving average of $5.17 and a two-hundred day moving average of $5.36. The Real Brokerage Inc. has a 52-week low of $1.62 and a 52-week high of $6.75.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.03. The business had revenue of $372.49 million for the quarter, compared to the consensus estimate of $334.61 million. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. During the same quarter in the prior year, the company earned ($0.02) EPS. Analysts predict that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

Analyst Ratings Changes

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

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.