Arrowstreet Capital Limited Partnership Reduces Stock Position in The Real Brokerage Inc. (NASDAQ:REAX)

Arrowstreet Capital Limited Partnership cut its holdings in shares of The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 975,458 shares of the company's stock after selling 85,649 shares during the period. Arrowstreet Capital Limited Partnership owned 0.49% of Real Brokerage worth $4,487,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Jane Street Group LLC increased its holdings 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 valued at $744,000 after acquiring an additional 111,312 shares during the period. Barclays PLC boosted its position in Real Brokerage by 337.7% during the third quarter. Barclays PLC now owns 141,188 shares of the company's stock valued at $782,000 after purchasing an additional 108,928 shares in the last quarter. JPMorgan Chase & Co. grew its stake in 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 purchasing an additional 542,653 shares during the last quarter. Franklin Resources Inc. bought a new position in Real Brokerage in the third quarter worth about $138,000. Finally, Principal Financial Group Inc. lifted its position in shares of Real Brokerage by 463.8% during the third quarter. Principal Financial Group Inc. now owns 72,467 shares of the company's stock valued at $402,000 after buying an additional 59,614 shares during the last quarter. 53.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Real Brokerage Trading Up 2.3 %

NASDAQ REAX traded up $0.10 on Monday, hitting $4.42. 98,924 shares of the company's stock traded hands, compared to its average volume of 882,360. The firm's 50-day moving average price is $4.71 and its two-hundred day moving average price is $4.95. The firm has a market capitalization of $874.07 million, a PE ratio of -24.55 and a beta of 1.13. The Real Brokerage Inc. has a 1-year low of $3.02 and a 1-year high of $6.75.

Real Brokerage (NASDAQ:REAX - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. The business 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%. On average, research analysts anticipate that The Real Brokerage Inc. will post -0.1 earnings per share for the current fiscal year.

Real Brokerage Company 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.