Federated Hermes Inc. Lowers Stock Position in The Real Brokerage Inc. (NASDAQ:REAX)

Federated Hermes Inc. lessened its position in The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 46.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 361,651 shares of the company's stock after selling 317,722 shares during the period. Federated Hermes Inc. owned 0.18% of Real Brokerage worth $1,468,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of REAX. Avantax Advisory Services Inc. raised its holdings in Real Brokerage by 52.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 22,206 shares of the company's stock valued at $90,000 after buying an additional 7,621 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Real Brokerage by 31.0% during the first quarter. Cerity Partners LLC now owns 189,491 shares of the company's stock valued at $769,000 after acquiring an additional 44,858 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Real Brokerage by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 254,242 shares of the company's stock worth $1,032,000 after purchasing an additional 3,436 shares during the period. New York State Teachers Retirement System acquired a new position in Real Brokerage during the 1st quarter worth about $37,000. Finally, Diversified Trust Co bought a new stake in shares of Real Brokerage in the 1st quarter valued at about $47,000. 53.28% of the stock is currently owned by institutional investors.

Real Brokerage Stock Performance

Shares of NASDAQ:REAX traded down $0.02 during midday trading on Thursday, reaching $4.09. The company's stock had a trading volume of 2,375,153 shares, compared to its average volume of 839,396. The Real Brokerage Inc. has a fifty-two week low of $3.80 and a fifty-two week high of $6.75. The firm has a 50 day moving average price of $4.15 and a two-hundred day moving average price of $4.46. The firm has a market capitalization of $808.81 million, a price-to-earnings ratio of -58.43 and a beta of 1.02.

Real Brokerage (NASDAQ:REAX - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $540.75 million for the quarter, compared to analyst estimates of $510.58 million. Real Brokerage had a negative return on equity of 49.13% and a negative net margin of 1.09%. As a group, research analysts anticipate that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

Real Brokerage announced that its board has approved a share repurchase program on Friday, May 30th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to purchase up to 17.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Real Brokerage from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Jones Trading restated a "buy" rating and issued a $6.00 price target on shares of Real Brokerage in a research report on Thursday. Finally, B. Riley started coverage on shares of Real Brokerage in a research report on Wednesday, June 25th. They set a "buy" rating and a $7.00 price objective for the company.

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.