MetLife Investment Management LLC Raises Stake in The Real Brokerage Inc. (NASDAQ:REAX)

MetLife Investment Management LLC raised its stake in shares of The Real Brokerage Inc. (NASDAQ:REAX) by 17.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,463 shares of the company’s stock after buying an additional 9,662 shares during the quarter. MetLife Investment Management LLC’s holdings in Real Brokerage were worth $306,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Golden State Wealth Management LLC bought a new stake in Real Brokerage during the fourth quarter valued at $28,000. Sound Income Strategies LLC bought a new stake in shares of Real Brokerage during the 4th quarter valued at about $47,000. Townsquare Capital LLC purchased a new position in shares of Real Brokerage during the fourth quarter worth about $65,000. US Bancorp DE bought a new position in shares of Real Brokerage in the fourth quarter worth approximately $85,000. Finally, Paragon Advisors LLC purchased a new stake in Real Brokerage in the fourth quarter valued at approximately $90,000. 53.28% of the stock is currently owned by institutional investors.

Real Brokerage Stock Up 6.0 %

Shares of REAX stock opened at $4.48 on Thursday. The business has a 50-day moving average price of $4.44 and a two-hundred day moving average price of $4.85. The Real Brokerage Inc. has a 12-month low of $3.55 and a 12-month high of $6.75. The firm has a market cap of $886.33 million, a P/E ratio of -24.90 and a beta of 1.12.

Real Brokerage (NASDAQ:REAX) last issued its earnings results on Thursday, March 6th. The company reported ($0.03) earnings per share (EPS) 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 analyst estimates of $300.11 million. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. As a group, research analysts expect that The Real Brokerage Inc. will post -0.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.