Realogy Holdings Corp. (RLGY) Given Average Rating of “Hold” by Analysts
Shares of Realogy Holdings Corp. (NYSE:RLGY) have received an average rating of “Hold” from the twelve ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $34.11.
RLGY has been the topic of a number of research analyst reports. TheStreet raised shares of Realogy Holdings Corp. from a “c+” rating to a “b-” rating in a research report on Wednesday, April 19th. Wedbush reaffirmed an “outperform” rating and set a $32.00 price target on shares of Realogy Holdings Corp. in a research report on Monday, February 27th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $40.00 price target on shares of Realogy Holdings Corp. in a research report on Friday, March 24th. Deutsche Bank AG raised shares of Realogy Holdings Corp. from a “hold” rating to a “buy” rating and upped their price target for the company from $32.00 to $38.00 in a research report on Monday, May 15th. Finally, Compass Point cut shares of Realogy Holdings Corp. from a “buy” rating to a “neutral” rating and upped their price target for the company from $31.00 to $32.00 in a research report on Tuesday, May 9th.
Realogy Holdings Corp. (NYSE:RLGY) traded up 2.17% during midday trading on Monday, reaching $30.65. The company had a trading volume of 2,005,254 shares. Realogy Holdings Corp. has a one year low of $21.43 and a one year high of $31.53. The stock’s 50 day moving average is $30.38 and its 200 day moving average is $28.02. The company has a market capitalization of $4.23 billion, a PE ratio of 19.42 and a beta of 1.41.
Realogy Holdings Corp. (NYSE:RLGY) last issued its quarterly earnings results on Thursday, May 4th. The financial services provider reported ($0.16) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.03. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Realogy Holdings Corp. had a net margin of 3.86% and a return on equity of 9.57%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. Equities research analysts forecast that Realogy Holdings Corp. will post $1.67 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Wednesday, May 17th were issued a dividend of $0.09 per share. The ex-dividend date was Monday, May 15th. This represents a $0.36 annualized dividend and a dividend yield of 1.17%. Realogy Holdings Corp.’s dividend payout ratio is currently 23.08%.
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Institutional investors have recently made changes to their positions in the stock. FMR LLC raised its position in shares of Realogy Holdings Corp. by 5.0% in the first quarter. FMR LLC now owns 11,213,250 shares of the financial services provider’s stock valued at $334,043,000 after buying an additional 535,210 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Realogy Holdings Corp. by 2.5% in the first quarter. Vanguard Group Inc. now owns 11,017,764 shares of the financial services provider’s stock valued at $328,219,000 after buying an additional 269,319 shares in the last quarter. Glenview Capital Management LLC bought a new position in shares of Realogy Holdings Corp. during the fourth quarter valued at $180,151,000. BlackRock Inc. raised its position in shares of Realogy Holdings Corp. by 2,352.2% in the first quarter. BlackRock Inc. now owns 6,789,662 shares of the financial services provider’s stock valued at $202,264,000 after buying an additional 6,512,779 shares in the last quarter. Finally, Paulson & CO. Inc. bought a new position in shares of Realogy Holdings Corp. during the fourth quarter valued at $123,118,000.
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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