JPMorgan Chase & Co. Buys 542,653 Shares of The Real Brokerage Inc. (NASDAQ:REAX)

JPMorgan Chase & Co. lifted its stake in shares of The Real Brokerage Inc. (NASDAQ:REAX) by 607.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 631,916 shares of the company’s stock after purchasing an additional 542,653 shares during the quarter. JPMorgan Chase & Co.’s holdings in Real Brokerage were worth $3,507,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. State Street Corp grew its stake in Real Brokerage by 48.0% during the third 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 grew its position in shares of Real Brokerage by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,224,183 shares of the company’s stock valued at $6,794,000 after purchasing an additional 14,045 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of 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 purchasing an additional 307,016 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Real Brokerage by 30.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 294,284 shares of the company’s stock worth $1,633,000 after buying an additional 69,343 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Real Brokerage during the second quarter valued at $1,091,000. Hedge funds and other institutional investors own 53.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BTIG Research began coverage on Real Brokerage in a report on Wednesday, December 18th. They issued a “buy” rating and a $6.00 price target on the stock.

Real Brokerage Price Performance

Shares of NASDAQ:REAX opened at $4.54 on Friday. The company’s fifty day moving average price is $4.90 and its 200-day moving average price is $5.37. The firm has a market capitalization of $897.80 million, a price-to-earnings ratio of -25.22 and a beta of 1.00. The Real Brokerage Inc. has a one year low of $2.14 and a one year high of $6.75.

Real Brokerage (NASDAQ:REAX) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. The business had revenue of $372.49 million for the quarter, compared to the consensus estimate of $334.61 million. During the same quarter last year, the business posted ($0.02) earnings per share. As a group, equities research analysts expect that The Real Brokerage Inc. will post -0.1 EPS for the current year.

Real Brokerage 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.