Realogy Holdings Corp. (NYSE:RLGY) was downgraded by stock analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research report issued on Tuesday. They currently have a $38.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 15.75% from the stock’s current price.
A number of other equities analysts also recently commented on the stock. BidaskClub upgraded shares of Realogy Holdings Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. Zacks Investment Research raised shares of Realogy Holdings Corp. from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Wednesday, September 27th. TheStreet raised shares of Realogy Holdings Corp. from a “c+” rating to a “b” rating in a research report on Wednesday, August 9th. Deutsche Bank AG set a $42.00 price target on shares of Realogy Holdings Corp. and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $40.00 price target on shares of Realogy Holdings Corp. in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $34.75.
Shares of Realogy Holdings Corp. (NYSE RLGY) opened at 32.83 on Tuesday. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 19.13 and a beta of 1.39. The firm has a 50-day moving average of $33.86 and a 200 day moving average of $32.02. Realogy Holdings Corp. has a one year low of $21.43 and a one year high of $35.18.
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Realogy Holdings Corp. (NYSE:RLGY) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.03. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.73 billion. Realogy Holdings Corp. had a net margin of 4.06% and a return on equity of 9.53%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 EPS. On average, equities research analysts predict that Realogy Holdings Corp. will post $1.73 EPS for the current year.
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In related news, SVP Timothy B. Gustavson sold 3,093 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $34.84, for a total transaction of $107,760.12. Following the completion of the sale, the senior vice president now owns 8,705 shares of the company’s stock, valued at $303,282.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. FMR LLC increased its stake in Realogy Holdings Corp. by 10.1% during the 2nd quarter. FMR LLC now owns 12,344,949 shares of the financial services provider’s stock valued at $400,594,000 after purchasing an additional 1,131,699 shares in the last quarter. Vanguard Group Inc. increased its stake in Realogy Holdings Corp. by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 11,017,764 shares of the financial services provider’s stock valued at $328,219,000 after purchasing an additional 269,319 shares in the last quarter. BlackRock Inc. increased its stake in Realogy Holdings Corp. by 2,352.2% during the 1st quarter. BlackRock Inc. now owns 6,789,662 shares of the financial services provider’s stock valued at $202,264,000 after purchasing an additional 6,512,779 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Realogy Holdings Corp. by 3.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,586,764 shares of the financial services provider’s stock valued at $116,390,000 after purchasing an additional 115,408 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in Realogy Holdings Corp. by 4.5% during the 1st quarter. Clearbridge Investments LLC now owns 3,575,556 shares of the financial services provider’s stock valued at $106,516,000 after purchasing an additional 152,666 shares in the last quarter.
About Realogy Holdings Corp.
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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