Arrowstreet Capital Limited Partnership Sells 85,649 Shares of The Real Brokerage Inc. (NASDAQ:REAX)

Arrowstreet Capital Limited Partnership cut its position in The Real Brokerage Inc. (NASDAQ:REAX) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 975,458 shares of the company’s stock after selling 85,649 shares during the period. Arrowstreet Capital Limited Partnership owned 0.49% of Real Brokerage worth $4,487,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. State Street Corp increased its position in Real Brokerage by 48.0% in the 3rd quarter. State Street Corp now owns 1,364,358 shares of the company’s stock valued at $7,572,000 after acquiring an additional 442,612 shares in the last quarter. Geode Capital Management LLC boosted its stake in Real Brokerage by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,224,183 shares of the company’s stock worth $6,794,000 after acquiring an additional 14,045 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Real Brokerage by 31.6% in the 4th quarter. JPMorgan Chase & Co. now owns 831,829 shares of the company’s stock valued at $3,826,000 after buying an additional 199,913 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Real Brokerage by 48.9% in 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 in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Real Brokerage during the 3rd quarter worth approximately $871,000. 53.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. 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. BTIG Research started coverage on shares of Real Brokerage in a research report on Wednesday, December 18th. They set a “buy” rating and a $6.00 price target on the stock.

Real Brokerage Stock Performance

Shares of REAX stock opened at $4.30 on Wednesday. The Real Brokerage Inc. has a 52 week low of $3.02 and a 52 week high of $6.75. The company has a 50-day simple moving average of $4.76 and a 200 day simple moving average of $4.98. The company has a market capitalization of $850.34 million, a price-to-earnings ratio of -23.89 and a beta of 1.13.

Real Brokerage (NASDAQ:REAX) last released its quarterly earnings results on Thursday, March 6th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. The business had revenue of $350.63 million for the quarter, compared to the consensus estimate of $300.11 million. Sell-side analysts forecast that The Real Brokerage Inc. will post -0.1 EPS for the current year.

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.