Nuveen LLC Purchases Shares of 1,147,729 The Real Brokerage Inc. $REAX

Key Points

• Nuveen LLC has acquired a new stake in The Real Brokerage Inc., purchasing 1,147,729 shares valued at approximately $4.66 million, representing 0.58% ownership of the company.
• Recent analyst ratings for Real Brokerage show a mix of opinions, with one firm downgrading the stock from "buy" to "hold," while another maintained a "buy" rating with a price target of $6.00.
• The company's board has authorized a significant $150 million stock buyback program, indicating confidence in the stock's value among its directors.

Nuveen LLC bought a new stake in shares of The Real Brokerage Inc. (NASDAQ:REAX - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,147,729 shares of the company's stock, valued at approximately $4,660,000. Nuveen LLC owned approximately 0.58% of Real Brokerage as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in REAX. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Real Brokerage in the 4th quarter worth approximately $3,574,000. Northern Trust Corp boosted its holdings in Real Brokerage by 3.4% in the fourth quarter. Northern Trust Corp now owns 613,573 shares of the company's stock worth $2,822,000 after acquiring an additional 19,920 shares in the last quarter. Shay Capital LLC grew its stake in shares of Real Brokerage by 69.3% in the fourth quarter. Shay Capital LLC now owns 533,285 shares of the company's stock worth $2,453,000 after acquiring an additional 218,285 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Real Brokerage by 6.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 465,183 shares of the company's stock worth $1,889,000 after acquiring an additional 26,888 shares during the last quarter. Finally, Tudor Investment Corp ET AL increased its holdings in shares of Real Brokerage by 109.4% during the fourth quarter. Tudor Investment Corp ET AL now owns 330,712 shares of the company's stock valued at $1,521,000 after acquiring an additional 172,747 shares in the last quarter. 53.28% of the stock is currently owned by hedge funds and other institutional investors.

Real Brokerage Stock Performance

Shares of REAX stock traded up $0.16 on Friday, reaching $5.38. The stock had a trading volume of 1,829,449 shares, compared to its average volume of 2,263,390. The Real Brokerage Inc. has a 1 year low of $3.80 and a 1 year high of $6.61. The stock has a market cap of $1.06 billion, a P/E ratio of -107.60 and a beta of 1.02. The company has a 50 day simple moving average of $4.31 and a 200 day simple moving average of $4.41.

Real Brokerage (NASDAQ:REAX - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter. Real Brokerage had a negative return on equity of 35.33% and a negative net margin of 0.78%.The business had revenue of $540.75 million for the quarter, compared to analysts' expectations of $510.58 million. On average, equities research analysts anticipate that The Real Brokerage Inc. will post -0.1 earnings per share for the current fiscal year.

Real Brokerage announced that its Board of Directors has approved a share buyback plan on Friday, May 30th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to purchase up to 17.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wall Street Zen cut shares of Real Brokerage from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Jones Trading reaffirmed a "buy" rating and issued a $6.00 target price on shares of Real Brokerage in a report on Thursday, August 7th. Finally, B. Riley initiated coverage on shares of Real Brokerage in a research note on Wednesday, June 25th. They issued a "buy" rating and a $7.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $6.33.

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.