Cerity Partners LLC Takes $665,000 Position in The Real Brokerage Inc. (NASDAQ:REAX)

Cerity Partners LLC bought a new position in shares of The Real Brokerage Inc. (NASDAQ:REAX) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 144,633 shares of the company’s stock, valued at approximately $665,000. Cerity Partners LLC owned 0.07% of Real Brokerage at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jane Street Group LLC raised its position in Real Brokerage by 488.7% during the third quarter. Jane Street Group LLC now owns 134,089 shares of the company’s stock worth $744,000 after acquiring an additional 111,312 shares during the period. Barclays PLC raised its position in shares of Real Brokerage by 337.7% during the 3rd quarter. Barclays PLC now owns 141,188 shares of the company’s stock worth $782,000 after purchasing an additional 108,928 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Real Brokerage by 607.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 631,916 shares of the company’s stock valued at $3,507,000 after buying an additional 542,653 shares in the last quarter. Franklin Resources Inc. acquired a new stake in Real Brokerage in the 3rd quarter worth about $138,000. Finally, Principal Financial Group Inc. increased its stake in Real Brokerage by 463.8% during the 3rd quarter. Principal Financial Group Inc. now owns 72,467 shares of the company’s stock worth $402,000 after buying an additional 59,614 shares in the last quarter. Hedge funds and other institutional investors own 53.28% of the company’s stock.

Real Brokerage Stock Up 1.1 %

Real Brokerage stock opened at $4.67 on Monday. The company has a fifty day simple moving average of $4.64 and a 200-day simple moving average of $4.91. The firm has a market capitalization of $923.51 million, a price-to-earnings ratio of -25.94 and a beta of 1.13. The Real Brokerage Inc. has a 52-week low of $3.35 and a 52-week high of $6.75.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings data on Thursday, March 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. The company had revenue of $350.63 million during the quarter, compared to analysts’ expectations of $300.11 million. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. On average, research analysts anticipate that The Real Brokerage Inc. will post -0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Jones Trading restated a “buy” rating and issued a $6.00 target price on shares of Real Brokerage in a research report on Thursday, March 6th.

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.