Barclays PLC Raises Stock Position in The Real Brokerage Inc. (NASDAQ:REAX)

Barclays PLC lifted its position in The Real Brokerage Inc. (NASDAQ:REAX) by 337.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 141,188 shares of the company’s stock after buying an additional 108,928 shares during the period. Barclays PLC owned approximately 0.07% of Real Brokerage worth $782,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC grew its position in shares of Real Brokerage by 1.2% in the 3rd 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 during the last quarter. Jane Street Group LLC grew its position in shares of Real Brokerage by 488.7% in the 3rd quarter. Jane Street Group LLC now owns 134,089 shares of the company’s stock worth $744,000 after buying an additional 111,312 shares during the last quarter. Virtus Investment Advisers Inc. purchased a new position in shares of Real Brokerage in the 3rd quarter worth approximately $117,000. Wolverine Trading LLC purchased a new position in shares of Real Brokerage in the 3rd quarter worth approximately $56,000. Finally, State Street Corp grew its position in shares of Real Brokerage by 48.0% in the 3rd quarter. State Street Corp now owns 1,364,358 shares of the company’s stock worth $7,572,000 after buying an additional 442,612 shares during the last quarter. Hedge funds and other institutional investors own 53.28% of the company’s stock.

Real Brokerage Stock Up 8.8 %

REAX stock opened at $4.46 on Thursday. The firm has a 50 day moving average of $5.00 and a 200 day moving average of $5.38. The stock has a market capitalization of $881.98 million, a PE ratio of -24.78 and a beta of 1.00. The Real Brokerage Inc. has a 52 week low of $2.12 and a 52 week high of $6.75.

Real Brokerage (NASDAQ:REAX) last released its earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. The company had revenue of $372.49 million during the quarter, compared to analysts’ expectations of $334.61 million. During the same period last year, the business earned ($0.02) EPS. On average, equities research analysts expect that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

Analysts Set New Price Targets

Separately, BTIG Research initiated coverage on shares of Real Brokerage in a research note on Wednesday, December 18th. They issued a “buy” rating and a $6.00 target price for the company.

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.