Barclays PLC grew its position in The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 337.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,188 shares of the company's stock after purchasing 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 have also modified their holdings of the company. Wolverine Trading LLC acquired a new position in Real Brokerage during the 3rd quarter worth approximately $56,000. Intech Investment Management LLC acquired a new position in shares of Real Brokerage during the third quarter worth $98,000. Virtus Investment Advisers Inc. purchased a new position in shares of Real Brokerage in the third quarter valued at $117,000. The Manufacturers Life Insurance Company acquired a new stake in Real Brokerage during the 2nd quarter valued at $145,000. Finally, SG Americas Securities LLC purchased a new stake in Real Brokerage during the 3rd quarter worth $183,000. Hedge funds and other institutional investors own 53.28% of the company's stock.
Wall Street Analyst Weigh In
Separately, BTIG Research began coverage on shares of Real Brokerage in a report on Wednesday, December 18th. They issued a "buy" rating and a $6.00 price objective on the stock.
View Our Latest Research Report on REAX
Real Brokerage Stock Down 0.9 %
Shares of REAX traded down $0.04 during midday trading on Thursday, hitting $4.42. The company had a trading volume of 603,556 shares, compared to its average volume of 974,305. The Real Brokerage Inc. has a 52 week low of $2.14 and a 52 week high of $6.75. The company's 50 day moving average price is $4.98 and its 200 day moving average price is $5.37. The stock has a market cap of $874.06 million, a price-to-earnings ratio of -24.55 and a beta of 1.00.
Real Brokerage (NASDAQ:REAX - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The business had revenue of $372.49 million for the quarter, compared to analyst estimates of $334.61 million. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. During the same period in the prior year, the company posted ($0.02) EPS. Equities analysts anticipate that The Real Brokerage Inc. will post -0.1 EPS for the current fiscal year.
About Real Brokerage
(
Free Report)
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.
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