US Bancorp DE Acquires New Holdings in The Real Brokerage Inc. (NASDAQ:REAX)

US Bancorp DE bought a new position in The Real Brokerage Inc. (NASDAQ:REAX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,564 shares of the company’s stock, valued at approximately $85,000.

Several other hedge funds have also modified their holdings of REAX. Golden State Wealth Management LLC acquired a new position in Real Brokerage during the 4th quarter valued at approximately $28,000. Wolverine Trading LLC acquired a new position in shares of Real Brokerage in the 3rd quarter valued at $56,000. Sound Income Strategies LLC acquired a new position in shares of Real Brokerage in the 4th quarter valued at $47,000. Intech Investment Management LLC purchased a new position in Real Brokerage in the 3rd quarter worth $98,000. Finally, Paragon Advisors LLC acquired a new stake in Real Brokerage during the 4th quarter worth about $90,000. 53.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

REAX has been the subject of several research analyst reports. BTIG Research initiated coverage on Real Brokerage in a research note on Wednesday, December 18th. They issued a “buy” rating and a $6.00 price objective for the company. Jones Trading reiterated a “buy” rating and issued a $6.00 price objective on shares of Real Brokerage in a research note on Thursday, March 6th.

Real Brokerage Stock Up 3.2 %

Shares of REAX stock opened at $4.58 on Tuesday. The Real Brokerage Inc. has a 52-week low of $2.46 and a 52-week high of $6.75. The stock has a market cap of $905.71 million, a PE ratio of -25.44 and a beta of 1.01. The business has a 50-day simple moving average of $4.84 and a 200-day simple moving average of $5.15.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings results 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%. Sell-side analysts anticipate that The Real Brokerage Inc. will post -0.1 earnings per share for the current fiscal 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.