Healthcare of Ontario Pension Plan Trust Fund Has $1.93 Million Position in The Real Brokerage Inc. $REAX

Healthcare of Ontario Pension Plan Trust Fund decreased its position in shares of The Real Brokerage Inc. (NASDAQ:REAX) by 44.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 771,800 shares of the company’s stock after selling 628,200 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Real Brokerage were worth $1,930,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Ophir Asset Management Pty Ltd lifted its stake in Real Brokerage by 24.9% during the fourth quarter. Ophir Asset Management Pty Ltd now owns 3,952,949 shares of the company’s stock worth $14,428,000 after purchasing an additional 787,330 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Real Brokerage by 7.2% in the 4th quarter. Renaissance Technologies LLC now owns 2,128,900 shares of the company’s stock valued at $7,770,000 after purchasing an additional 143,100 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Real Brokerage by 310.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,127,804 shares of the company’s stock valued at $8,894,000 after purchasing an additional 1,608,941 shares during the last quarter. Nuveen LLC raised its holdings in shares of Real Brokerage by 104.5% during the 4th quarter. Nuveen LLC now owns 2,071,744 shares of the company’s stock worth $7,562,000 after buying an additional 1,058,670 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Real Brokerage by 47.2% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,910,311 shares of the company’s stock worth $6,973,000 after buying an additional 612,291 shares in the last quarter. 53.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

REAX has been the topic of several research analyst reports. JonesTrading reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Real Brokerage in a research note on Monday, April 27th. BTIG Research reissued a “buy” rating and set a $4.25 target price on shares of Real Brokerage in a research note on Monday, April 27th. Weiss Ratings cut shares of Real Brokerage from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 26th. Finally, B. Riley Financial restated a “buy” rating on shares of Real Brokerage in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $5.69.

Real Brokerage Stock Down 2.4%

NASDAQ REAX opened at $1.60 on Friday. The Real Brokerage Inc. has a twelve month low of $1.55 and a twelve month high of $5.41. The company has a market cap of $348.70 million, a price-to-earnings ratio of -53.33 and a beta of 0.74. The business’s fifty day moving average is $1.84 and its 200 day moving average is $2.39.

Real Brokerage (NASDAQ:REAX) last issued its earnings results on Tuesday, March 31st. The company reported ($0.02) earnings per share (EPS) for the quarter. Real Brokerage had a negative return on equity of 11.37% and a negative net margin of 0.32%.The firm had revenue of $465.55 million during the quarter. On average, research analysts anticipate that The Real Brokerage Inc. will post -0.01 earnings per share for the current fiscal year.

About Real Brokerage

Real Brokerage Inc is a publicly traded, cloud-based residential real estate brokerage headquartered in Toronto, Canada, with operations across the United States and Canada. The company’s platform offers licensed real estate professionals a fully integrated suite of digital tools designed to streamline every phase of the property transaction process, from lead generation to closing.

Through its proprietary technology, Real Brokerage provides agents with transaction management, customer relationship management, digital marketing automation and real-time analytics in a single, user-friendly interface.