Realogy Holdings Corp. (RLGY) Downgraded by Zacks Investment Research
Realogy Holdings Corp. (NYSE:RLGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “Realogy Holdings Corp. is a provider of real estate services. The Company through its subsidiaries provides real estate brokerage services, relocation services, and title and settlement services. The Company’s brands and business units include Better Homes and Gardens(R) Real Estate, CENTURY 21(R), Coldwell Banker(R), Coldwell Banker Commercial(R), The Corcoran Group(R), ERA(R), Sotheby’s International Realty(R), NRT LLC, Cartus and Title Resource Group. Realogy Holdings Corp. is headquartered in Parsippany, New Jersey. “
Several other analysts have also recently commented on the company. Wedbush increased their target price on Realogy Holdings Corp. from $32.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, July 12th. TheStreet upgraded Realogy Holdings Corp. from a “c+” rating to a “b” rating in a report on Wednesday, August 9th. BidaskClub cut Realogy Holdings Corp. from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Keefe, Bruyette & Woods restated a “buy” rating and set a $38.00 target price on shares of Realogy Holdings Corp. in a report on Friday, September 29th. Finally, Barclays PLC restated an “underweight” rating on shares of Realogy Holdings Corp. in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Realogy Holdings Corp. currently has a consensus rating of “Hold” and a consensus price target of $34.75.
Shares of Realogy Holdings Corp. (RLGY) opened at 32.33 on Wednesday. The company has a 50-day moving average of $33.32 and a 200 day moving average of $32.37. Realogy Holdings Corp. has a 12-month low of $21.43 and a 12-month high of $35.18. The firm has a market cap of $4.41 billion, a P/E ratio of 18.84 and a beta of 1.39.
Realogy Holdings Corp. (NYSE:RLGY) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.74 by $0.03. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Realogy Holdings Corp. had a return on equity of 9.53% and a net margin of 4.06%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.74 earnings per share. Equities analysts predict that Realogy Holdings Corp. will post $1.72 EPS for the current year.
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In related news, SVP Timothy B. Gustavson sold 3,093 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $34.84, for a total value of $107,760.12. Following the transaction, the senior vice president now owns 8,705 shares in the company, valued at $303,282.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its holdings in Realogy Holdings Corp. by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 4,153 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 17 shares during the last quarter. Gotham Asset Management LLC boosted its holdings in Realogy Holdings Corp. by 0.7% in the second quarter. Gotham Asset Management LLC now owns 12,170 shares of the financial services provider’s stock valued at $395,000 after acquiring an additional 90 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in Realogy Holdings Corp. by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 12,800 shares of the financial services provider’s stock valued at $329,000 after acquiring an additional 100 shares during the last quarter. M&T Bank Corp boosted its holdings in Realogy Holdings Corp. by 0.5% in the second quarter. M&T Bank Corp now owns 24,955 shares of the financial services provider’s stock valued at $810,000 after acquiring an additional 134 shares during the last quarter. Finally, Comerica Bank boosted its holdings in Realogy Holdings Corp. by 3.3% in the second quarter. Comerica Bank now owns 7,944 shares of the financial services provider’s stock valued at $267,000 after acquiring an additional 257 shares during the last quarter.
Realogy Holdings Corp. Company Profile
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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