US Bancorp DE Makes New Investment in The Real Brokerage Inc. (NASDAQ:REAX)

US Bancorp DE acquired a new stake in shares of The Real Brokerage Inc. (NASDAQ:REAX) during the 4th quarter, HoldingsChannel reports. The fund acquired 18,564 shares of the company’s stock, valued at approximately $85,000.

Several other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. boosted its stake in shares of Real Brokerage by 463.8% in the third quarter. Principal Financial Group Inc. now owns 72,467 shares of the company’s stock worth $402,000 after acquiring an additional 59,614 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Real Brokerage in the 3rd quarter valued at $220,000. Intech Investment Management LLC acquired a new stake in Real Brokerage during the 3rd quarter worth $98,000. Charles Schwab Investment Management Inc. boosted its stake in Real Brokerage by 30.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 294,284 shares of the company’s stock worth $1,633,000 after purchasing an additional 69,343 shares during the last quarter. Finally, Quantbot Technologies LP grew its holdings in shares of Real Brokerage by 45.8% during the third quarter. Quantbot Technologies LP now owns 58,692 shares of the company’s stock worth $326,000 after buying an additional 18,440 shares in the last quarter. Institutional investors and hedge funds own 53.28% of the company’s stock.

Real Brokerage Stock Up 3.2 %

Shares of NASDAQ:REAX opened at $4.58 on Tuesday. The Real Brokerage Inc. has a 52-week low of $2.46 and a 52-week high of $6.75. The stock has a market cap of $905.71 million, a P/E ratio of -25.44 and a beta of 1.01. The business has a fifty day moving average of $4.84 and a two-hundred day moving average of $5.15.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings data on Thursday, March 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $350.63 million during the quarter, compared to analyst estimates of $300.11 million. On average, equities analysts anticipate that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on REAX shares. 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. Jones Trading reissued a “buy” rating and issued a $6.00 target price on shares of Real Brokerage in a research note on Thursday, March 6th.

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.