Oppenheimer & Co. Inc. increased its stake in Realogy Holdings Corp (NYSE:RLGY) by 27.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,236 shares of the financial services provider’s stock after acquiring an additional 6,250 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Realogy were worth $603,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. State Treasurer State of Michigan acquired a new position in shares of Realogy in the third quarter worth approximately $947,000. Shufro Rose & Co. LLC increased its holdings in Realogy by 3.8% in the third quarter. Shufro Rose & Co. LLC now owns 240,105 shares of the financial services provider’s stock worth $4,956,000 after purchasing an additional 8,740 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Realogy by 59.5% in the third quarter. Russell Investments Group Ltd. now owns 55,052 shares of the financial services provider’s stock worth $1,134,000 after purchasing an additional 20,547 shares in the last quarter. Securian Asset Management Inc bought a new stake in Realogy in the third quarter worth approximately $313,000. Finally, First Trust Advisors LP increased its holdings in Realogy by 25.3% in the third quarter. First Trust Advisors LP now owns 666,355 shares of the financial services provider’s stock worth $13,754,000 after purchasing an additional 134,556 shares in the last quarter.
A number of equities research analysts have weighed in on the company. Piper Jaffray Companies downgraded Realogy from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $32.00 to $19.00 in a report on Monday. Barclays set a $17.00 target price on Realogy and gave the stock a “sell” rating in a report on Monday. Finally, Zacks Investment Research upgraded Realogy from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Realogy presently has a consensus rating of “Hold” and an average target price of $27.86.
NYSE RLGY opened at $18.94 on Thursday. The company has a market cap of $2.17 billion, a PE ratio of 12.06, a PEG ratio of 0.53 and a beta of 1.19. Realogy Holdings Corp has a 52 week low of $17.43 and a 52 week high of $28.07. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 1.26.
Realogy (NYSE:RLGY) last released its quarterly earnings data on Friday, November 2nd. The financial services provider reported $0.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.07). The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.71 billion. Realogy had a net margin of 6.71% and a return on equity of 8.74%. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 EPS. On average, equities analysts anticipate that Realogy Holdings Corp will post 1.74 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 29th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.36 annualized dividend and a dividend yield of 1.90%. Realogy’s dividend payout ratio is 22.93%.
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Realogy Holdings Corp. is an integrated provider of residential real estate services in the United States. The Company is the franchisor of residential real estate brokerages with some of the recognized brands in the real estate industry, the owner of United States residential real estate brokerage offices, the global provider of outsourced employee relocation services and a provider of title and settlement services.
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