Barclays PLC Boosts Holdings in The Real Brokerage Inc. (NASDAQ:REAX)

Barclays PLC raised its position in The Real Brokerage Inc. (NASDAQ:REAX) by 17.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 165,764 shares of the company’s stock after buying an additional 24,576 shares during the quarter. Barclays PLC owned about 0.08% of Real Brokerage worth $762,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of Real Brokerage by 607.9% during the third quarter. JPMorgan Chase & Co. now owns 631,916 shares of the company’s stock worth $3,507,000 after acquiring an additional 542,653 shares during the period. Bank of Montreal Can lifted its holdings in shares of Real Brokerage by 37.5% in the 4th quarter. Bank of Montreal Can now owns 26,100 shares of the company’s stock valued at $120,000 after buying an additional 7,119 shares during the period. Cerity Partners LLC purchased a new stake in shares of Real Brokerage in the fourth quarter valued at approximately $665,000. Charles Schwab Investment Management Inc. grew its holdings in Real Brokerage by 48.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 438,295 shares of the company’s stock worth $2,016,000 after acquiring an additional 144,011 shares during the period. Finally, Geode Capital Management LLC raised its position in Real Brokerage by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 1,264,640 shares of the company’s stock worth $5,817,000 after acquiring an additional 40,457 shares in the last quarter. Hedge funds and other institutional investors own 53.28% of the company’s stock.

Wall Street Analyst Weigh In

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

Real Brokerage Price Performance

Shares of REAX opened at $4.23 on Wednesday. The Real Brokerage Inc. has a 1-year low of $3.55 and a 1-year high of $6.75. The stock has a market cap of $836.50 million, a price-to-earnings ratio of -23.50 and a beta of 1.12. The firm has a 50 day simple moving average of $4.46 and a 200-day simple moving average of $4.85.

Real Brokerage (NASDAQ:REAX) last released its quarterly 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 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%. On average, equities analysts expect 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.