State Street Corp Increases Stake in The Real Brokerage Inc. (NASDAQ:REAX)

State Street Corp boosted its holdings in The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 48.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,364,358 shares of the company's stock after purchasing an additional 442,612 shares during the quarter. State Street Corp owned about 0.69% of Real Brokerage worth $7,572,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Harbor Capital Advisors Inc. lifted its position in Real Brokerage by 106.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 595,055 shares of the company's stock worth $3,303,000 after acquiring an additional 307,016 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Real Brokerage by 30.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 294,284 shares of the company's stock worth $1,633,000 after buying an additional 69,343 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Real Brokerage during the second quarter worth about $1,091,000. Renaissance Technologies LLC lifted its position in shares of 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 acquiring an additional 46,400 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Real Brokerage during the 3rd quarter worth approximately $871,000. 53.28% of the stock is owned by hedge funds and other institutional investors.

Real Brokerage Stock Performance

NASDAQ REAX traded down $0.09 during trading hours on Friday, reaching $4.73. The company's stock had a trading volume of 673,300 shares, compared to its average volume of 779,902. The company's 50-day moving average is $5.23 and its two-hundred day moving average is $5.33. The Real Brokerage Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $6.75. The stock has a market cap of $935.38 million, a PE ratio of -26.28 and a beta of 0.95.

Real Brokerage (NASDAQ:REAX - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate 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 business had revenue of $372.49 million for the quarter, compared to analyst estimates of $334.61 million. During the same period in the prior year, the business earned ($0.02) earnings per share. Equities analysts expect that The Real Brokerage Inc. will post -0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, BTIG Research began 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.

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.