Charles Schwab Investment Management Inc. Grows Stock Holdings in The Real Brokerage Inc. (NASDAQ:REAX)

Charles Schwab Investment Management Inc. lifted its position in shares of The Real Brokerage Inc. (NASDAQ:REAX) by 30.8% during the third quarter, HoldingsChannel reports. The firm owned 294,284 shares of the company’s stock after purchasing an additional 69,343 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Real Brokerage were worth $1,633,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of REAX. Intech Investment Management LLC bought a new stake in Real Brokerage in the third quarter valued at about $98,000. GSA Capital Partners LLP bought a new stake in Real Brokerage during the third quarter worth approximately $220,000. Principal Financial Group Inc. boosted its stake in Real Brokerage by 463.8% during the third quarter. Principal Financial Group Inc. now owns 72,467 shares of the company’s stock valued at $402,000 after buying an additional 59,614 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Real Brokerage by 106.6% in the third quarter. Harbor Capital Advisors Inc. now owns 595,055 shares of the company’s stock worth $3,303,000 after buying an additional 307,016 shares during the last quarter. Finally, Harbour Capital Advisors LLC purchased a new position in Real Brokerage in the 3rd quarter worth about $288,000. 53.28% of the stock is owned by hedge funds and other institutional investors.

Real Brokerage Stock Performance

Real Brokerage stock opened at $5.03 on Tuesday. The firm has a market capitalization of $994.68 million, a price-to-earnings ratio of -27.94 and a beta of 0.95. The Real Brokerage Inc. has a 52 week low of $1.46 and a 52 week high of $6.75. The company has a 50 day moving average price of $5.32 and a 200 day moving average price of $5.32.

Real Brokerage (NASDAQ:REAX) last issued its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. The company had revenue of $372.49 million for the quarter, compared to analyst estimates of $334.61 million. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. During the same period in the prior year, the firm posted ($0.02) EPS. Equities analysts forecast 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.