Voya Investment Management LLC Has $119,000 Holdings in The Real Brokerage Inc. $REAX

Voya Investment Management LLC decreased its holdings in shares of The Real Brokerage Inc. (NASDAQ:REAX) by 8.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,398 shares of the company’s stock after selling 2,742 shares during the quarter. Voya Investment Management LLC’s holdings in Real Brokerage were worth $119,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in REAX. Nuveen LLC acquired a new stake in Real Brokerage during the 1st quarter valued at $4,660,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Real Brokerage by 33.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,036,363 shares of the company’s stock worth $4,208,000 after buying an additional 259,334 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Real Brokerage by 568.3% during the first quarter. Jane Street Group LLC now owns 129,153 shares of the company’s stock worth $524,000 after buying an additional 109,826 shares in the last quarter. PDT Partners LLC lifted its holdings in shares of Real Brokerage by 180.8% during the first quarter. PDT Partners LLC now owns 146,778 shares of the company’s stock worth $596,000 after buying an additional 94,501 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Real Brokerage by 694.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 92,781 shares of the company’s stock worth $377,000 after buying an additional 81,107 shares in the last quarter. Institutional investors and hedge funds own 53.28% of the company’s stock.

Real Brokerage Stock Down 2.9%

Real Brokerage stock opened at $4.06 on Thursday. The Real Brokerage Inc. has a 12-month low of $3.80 and a 12-month high of $6.61. The business’s 50-day moving average price is $4.64 and its two-hundred day moving average price is $4.41. The stock has a market cap of $802.87 million, a PE ratio of -81.20 and a beta of 0.99.

Real Brokerage (NASDAQ:REAX) last released its earnings results on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter. Real Brokerage had a negative return on equity of 35.33% and a negative net margin of 0.78%.The firm had revenue of $540.75 million for the quarter, compared to analysts’ expectations of $510.58 million. As a group, analysts expect that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on REAX shares. Jones Trading reissued a “buy” rating and set a $6.00 target price on shares of Real Brokerage in a report on Thursday, August 7th. Wall Street Zen raised Real Brokerage from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, B. Riley initiated coverage on Real Brokerage in a research note on Wednesday, June 25th. They issued a “buy” rating and a $7.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $6.33.

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.