Federated Hermes Inc. Has $1.47 Million Stock Holdings in The Real Brokerage Inc. (NASDAQ:REAX)

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

A number of other institutional investors also recently modified their holdings of the stock. Aquatic Capital Management LLC bought a new position in shares of Real Brokerage during the 4th quarter worth about $25,000. New York State Teachers Retirement System bought a new position in shares of Real Brokerage during the 1st quarter worth about $37,000. Oxford Asset Management LLP bought a new position in shares of Real Brokerage during the 4th quarter worth about $49,000. Corton Capital Inc. bought a new position in shares of Real Brokerage during the 4th quarter worth about $51,000. Finally, Diversified Trust Co bought a new position in shares of Real Brokerage during the 1st quarter worth about $47,000. Institutional investors and hedge funds own 53.28% of the company's stock.

Real Brokerage Trading Down 3.7%

Shares of REAX stock traded down $0.15 during trading hours on Friday, hitting $3.94. 1,396,030 shares of the company were exchanged, compared to its average volume of 925,867. The business has a 50 day moving average of $4.15 and a two-hundred day moving average of $4.45. The Real Brokerage Inc. has a 52 week low of $3.80 and a 52 week high of $6.75. The company has a market capitalization of $779.14 million, a PE ratio of -78.80 and a beta of 1.02.

Real Brokerage (NASDAQ:REAX - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.01 earnings per share for the quarter. Real Brokerage had a negative net margin of 0.78% and a negative return on equity of 40.20%. The business had revenue of $540.75 million during the quarter, compared to analysts' expectations of $510.58 million. On average, research analysts forecast that The Real Brokerage Inc. will post -0.1 EPS for the current year.

Real Brokerage declared that its board has authorized a stock buyback program on Friday, May 30th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 17.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have weighed in on REAX. Jones Trading reaffirmed a "buy" rating and set a $6.00 price objective on shares of Real Brokerage in a research note on Thursday. 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 target price on the stock. Finally, Wall Street Zen lowered shares of Real Brokerage from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th.

About Real Brokerage

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.