Cornerstone Investment Partners LLC Makes New Investment in The Real Brokerage Inc. $REAX

Cornerstone Investment Partners LLC acquired a new stake in The Real Brokerage Inc. (NASDAQ:REAX) during the second quarter, Holdings Channel reports. The institutional investor acquired 33,582 shares of the company’s stock, valued at approximately $151,000.

Several other institutional investors have also recently modified their holdings of REAX. New York State Teachers Retirement System acquired a new stake in shares of Real Brokerage during the first quarter worth about $37,000. Envestnet Asset Management Inc. purchased a new position in Real Brokerage during the 2nd quarter worth approximately $47,000. Trexquant Investment LP acquired a new stake in Real Brokerage during the 1st quarter valued at approximately $58,000. Strs Ohio purchased a new stake in shares of Real Brokerage in the 1st quarter valued at $72,000. Finally, Avantax Advisory Services Inc. increased its stake in shares of Real Brokerage by 52.3% in the first quarter. Avantax Advisory Services Inc. now owns 22,206 shares of the company’s stock worth $90,000 after acquiring an additional 7,621 shares during the period. 53.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on REAX shares. Wall Street Zen downgraded shares of Real Brokerage from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Jones Trading reiterated a “buy” rating and set a $5.00 price objective on shares of Real Brokerage in a research note on Wednesday. B. Riley restated a “buy” rating and issued a $8.00 target price (up previously from $7.00) on shares of Real Brokerage in a research note on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Real Brokerage in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Real Brokerage currently has a consensus rating of “Moderate Buy” and an average target price of $6.33.

Real Brokerage Stock Performance

REAX opened at $3.63 on Friday. The Real Brokerage Inc. has a fifty-two week low of $3.42 and a fifty-two week high of $6.61. The company has a fifty day moving average of $4.39 and a two-hundred day moving average of $4.32. The stock has a market capitalization of $768.83 million, a price-to-earnings ratio of -90.75 and a beta of 0.97.

Real Brokerage (NASDAQ:REAX) last posted its earnings results on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter. Real Brokerage had a negative net margin of 0.58% and a negative return on equity of 25.22%. The business had revenue of $540.75 million for the quarter, compared to analyst estimates of $510.58 million. On average, equities research analysts forecast that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

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.