Harbor Capital Advisors Inc. Grows Stock Position in The Real Brokerage Inc. (NASDAQ:REAX)

Harbor Capital Advisors Inc. boosted its holdings in The Real Brokerage Inc. (NASDAQ:REAX) by 106.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 595,055 shares of the company’s stock after buying an additional 307,016 shares during the period. Harbor Capital Advisors Inc. owned 0.30% of Real Brokerage worth $3,303,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. National Bank of Canada FI boosted its position in shares of Real Brokerage by 198.8% in the second quarter. National Bank of Canada FI now owns 5,975 shares of the company’s stock worth $26,000 after acquiring an additional 3,975 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Real Brokerage in the 2nd quarter valued at $52,000. TCI Wealth Advisors Inc. purchased a new stake in shares of Real Brokerage during the 1st quarter valued at $49,000. SG Americas Securities LLC acquired a new stake in shares of Real Brokerage during the 3rd quarter worth $183,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Real Brokerage in the 2nd quarter worth $145,000. Hedge funds and other institutional investors own 53.28% of the company’s stock.

Real Brokerage Trading Down 2.4 %

Shares of Real Brokerage stock opened at $5.33 on Monday. The stock has a market capitalization of $1.05 billion, a P/E ratio of -28.05 and a beta of 1.02. The business’s fifty day moving average price is $5.59 and its 200 day moving average price is $5.10. The Real Brokerage Inc. has a twelve month low of $1.28 and a twelve month high of $6.75.

Real Brokerage (NASDAQ:REAX) last posted its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $340.78 million during the quarter, compared to the consensus estimate of $264.06 million. Real Brokerage had a negative net margin of 3.55% and a negative return on equity of 81.21%. During the same quarter in the prior year, the company earned ($0.02) EPS. As a group, sell-side analysts predict that The Real Brokerage Inc. will post -0.13 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.