Quantbot Technologies LP Acquires 64,721 Shares of The Real Brokerage Inc. $REAX

Key Points

• Quantbot Technologies LP increased its stake in The Real Brokerage Inc. by 266%, owning 89,053 shares valued at $362,000 after acquiring an additional 64,721 shares in the first quarter.
• Real Brokerage has initiated a $150 million share buyback plan, indicating confidence in its stock's value, allowing repurchases of up to 17.8% of its shares.
• The stock opened at $5.13 with a market capitalization of $1.01 billion, and analysts give it an average price target of $6.33, reflecting a largely optimistic outlook.

Quantbot Technologies LP increased its stake in The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 266.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,053 shares of the company's stock after acquiring an additional 64,721 shares during the period. Quantbot Technologies LP's holdings in Real Brokerage were worth $362,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Nuveen LLC acquired a new stake in Real Brokerage in the 1st quarter worth about $4,660,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Real Brokerage during the fourth quarter worth about $3,574,000. Shay Capital LLC lifted its position in shares of Real Brokerage by 69.3% during the fourth quarter. Shay Capital LLC now owns 533,285 shares of the company's stock worth $2,453,000 after purchasing an additional 218,285 shares in the last quarter. Tudor Investment Corp ET AL lifted its position 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 worth $1,521,000 after purchasing an additional 172,747 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in shares of Real Brokerage by 852.9% during the fourth quarter. Squarepoint Ops LLC now owns 160,410 shares of the company's stock worth $738,000 after buying an additional 143,576 shares during the period. Hedge funds and other institutional investors own 53.28% of the company's stock.

Real Brokerage Stock Up 3.1%

Shares of REAX traded up $0.16 during midday trading on Monday, reaching $5.38. 1,829,449 shares of the stock were exchanged, compared to its average volume of 2,315,009. The Real Brokerage Inc. has a 12-month low of $3.80 and a 12-month high of $6.61. The firm has a 50 day simple moving average of $4.34 and a 200-day simple moving average of $4.40. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -107.60 and a beta of 1.05.

Real Brokerage (NASDAQ:REAX - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $540.75 million during the quarter, compared to the consensus estimate of $510.58 million. Real Brokerage had a negative return on equity of 35.33% and a negative net margin of 0.78%. Research analysts expect that The Real Brokerage Inc. will post -0.1 earnings per share for the current fiscal year.

Real Brokerage announced that its board has approved a stock buyback plan on Friday, May 30th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 17.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts have issued reports on REAX shares. B. Riley started coverage on shares of Real Brokerage in a research note on Wednesday, June 25th. They set a "buy" rating and a $7.00 price target on the stock. Jones Trading reaffirmed a "buy" rating and set a $6.00 price objective on shares of Real Brokerage in a research note on Thursday, August 7th. Finally, Wall Street Zen downgraded shares of Real Brokerage from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $6.33.

Real Brokerage Company 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.