Realogy Holdings Corp. (RLGY) Upgraded to B by TheStreet
Realogy Holdings Corp. (NYSE:RLGY) was upgraded by TheStreet from a “c+” rating to a “b” rating in a report issued on Wednesday.
A number of other research analysts have also recently commented on the company. Zacks Investment Research raised Realogy Holdings Corp. from a “hold” rating to a “strong-buy” rating and set a $38.00 price target on the stock in a report on Friday, July 14th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $38.00 price target on shares of Realogy Holdings Corp. in a report on Thursday. Barclays PLC reissued an “underweight” rating on shares of Realogy Holdings Corp. in a report on Thursday, July 13th. BidaskClub raised Realogy Holdings Corp. from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Deutsche Bank AG raised Realogy Holdings Corp. from a “hold” rating to a “buy” rating and boosted their price target for the stock from $32.00 to $38.00 in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $35.56.
Shares of Realogy Holdings Corp. (NYSE:RLGY) opened at 34.23 on Wednesday. Realogy Holdings Corp. has a one year low of $21.43 and a one year high of $35.18. The stock has a market capitalization of $4.67 billion, a P/E ratio of 19.95 and a beta of 1.40. The stock has a 50 day moving average of $33.17 and a 200-day moving average of $29.92.
Realogy Holdings Corp. (NYSE:RLGY) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.03. Realogy Holdings Corp. had a return on equity of 9.53% and a net margin of 4.06%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the firm earned $0.74 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. Equities analysts forecast that Realogy Holdings Corp. will post $1.71 earnings per share for the current year.
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In other Realogy Holdings Corp. news, SVP Timothy B. Gustavson sold 3,093 shares of Realogy Holdings Corp. stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $34.84, for a total value of $107,760.12. Following the sale, the senior vice president now owns 8,705 shares of the company’s stock, valued at approximately $303,282.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Teachers Advisors LLC increased its stake in Realogy Holdings Corp. by 25.1% in the fourth quarter. Teachers Advisors LLC now owns 189,215 shares of the financial services provider’s stock worth $4,869,000 after buying an additional 38,003 shares during the last quarter. Bank of Montreal Can increased its stake in Realogy Holdings Corp. by 81.3% in the first quarter. Bank of Montreal Can now owns 43,858 shares of the financial services provider’s stock worth $1,306,000 after buying an additional 19,664 shares during the last quarter. Skylands Capital LLC increased its stake in Realogy Holdings Corp. by 35.8% in the first quarter. Skylands Capital LLC now owns 278,000 shares of the financial services provider’s stock worth $8,282,000 after buying an additional 73,300 shares during the last quarter. Reliance Trust Co. of Delaware increased its stake in Realogy Holdings Corp. by 111.2% in the first quarter. Reliance Trust Co. of Delaware now owns 19,237 shares of the financial services provider’s stock worth $573,000 after buying an additional 10,128 shares during the last quarter. Finally, Nisa Investment Advisors LLC purchased a new stake in Realogy Holdings Corp. during the first quarter worth about $134,000.
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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