Virtus Investment Advisers Inc. Invests $117,000 in The Real Brokerage Inc. (NASDAQ:REAX)

Virtus Investment Advisers Inc. purchased a new stake in The Real Brokerage Inc. (NASDAQ:REAX) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 21,169 shares of the company’s stock, valued at approximately $117,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp increased its position in shares of Real Brokerage by 48.0% during the third quarter. State Street Corp now owns 1,364,358 shares of the company’s stock worth $7,572,000 after purchasing an additional 442,612 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Real Brokerage by 106.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 595,055 shares of the company’s stock worth $3,303,000 after purchasing an additional 307,016 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Real Brokerage in the second quarter valued at approximately $1,091,000. Point72 Asset Management L.P. acquired a new stake in shares of Real Brokerage in the third quarter valued at approximately $871,000. Finally, Rhumbline Advisers purchased a new position in Real Brokerage during the second quarter worth approximately $474,000. Hedge funds and other institutional investors own 53.28% of the company’s stock.

Real Brokerage Stock Performance

Shares of NASDAQ:REAX opened at $5.22 on Friday. The business has a fifty day moving average of $5.37 and a two-hundred day moving average of $5.29. The Real Brokerage Inc. has a 52-week low of $1.28 and a 52-week high of $6.75.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.03. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. The firm had revenue of $372.49 million for the quarter, compared to analyst estimates of $334.61 million. During the same period in the prior year, the business posted ($0.02) EPS. On average, analysts expect that The Real Brokerage Inc. will post -0.1 EPS for the current fiscal year.

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.