The Manufacturers Life Insurance Company Invests $145,000 in The Real Brokerage Inc. (NASDAQ:REAX)

The Manufacturers Life Insurance Company acquired a new stake in The Real Brokerage Inc. (NASDAQ:REAX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 35,754 shares of the company’s stock, valued at approximately $145,000.

Other institutional investors have also modified their holdings of the company. National Bank of Canada FI grew its stake in Real Brokerage by 198.8% during the second quarter. National Bank of Canada FI now owns 5,975 shares of the company’s stock worth $26,000 after buying an additional 3,975 shares during the period. HBK Sorce Advisory LLC boosted its position in Real Brokerage by 17.1% during the 1st quarter. HBK Sorce Advisory LLC now owns 72,000 shares of the company’s stock worth $225,000 after purchasing an additional 10,500 shares during the period. Searcy Financial Services Inc. ADV acquired a new stake in Real Brokerage in the 1st quarter valued at $37,000. Principal Financial Group Inc. acquired a new stake in Real Brokerage in the 2nd quarter valued at $52,000. Finally, TCI Wealth Advisors Inc. purchased a new position in Real Brokerage in the first quarter valued at about $49,000. Hedge funds and other institutional investors own 53.28% of the company’s stock.

Real Brokerage Price Performance

Real Brokerage stock opened at $5.14 on Friday. The Real Brokerage Inc. has a 12-month low of $1.28 and a 12-month high of $6.75. The company has a market capitalization of $943.73 million, a price-to-earnings ratio of -25.70 and a beta of 1.01. The firm’s fifty day moving average price is $5.76 and its 200 day moving average price is $5.01.

Real Brokerage (NASDAQ:REAX) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Real Brokerage had a negative net margin of 3.55% and a negative return on equity of 81.21%. The firm had revenue of $340.78 million for the quarter, compared to the consensus estimate of $264.06 million. During the same period in the prior year, the firm posted ($0.02) EPS. Analysts forecast that The Real Brokerage Inc. will post -0.13 earnings per share for the current fiscal 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.