RE/MAX Holdings, Inc. (RMAX) Given Average Recommendation of “Hold” by Brokerages
RE/MAX Holdings, Inc. (NYSE:RMAX) has received an average rating of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $63.80.
Several equities analysts have recently weighed in on RMAX shares. Craig Hallum started coverage on RE/MAX Holdings in a research report on Wednesday, August 30th. They set a “buy” rating and a $75.00 target price on the stock. Zacks Investment Research downgraded RE/MAX Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. BidaskClub downgraded RE/MAX Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Piper Jaffray Companies started coverage on RE/MAX Holdings in a research report on Thursday, September 28th. They set an “overweight” rating and a $69.00 target price on the stock.
RE/MAX Holdings (NYSE:RMAX) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.06. The firm had revenue of $48.82 million for the quarter, compared to the consensus estimate of $48.29 million. RE/MAX Holdings had a return on equity of 79.94% and a net margin of 12.45%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.08%. The ex-dividend date is Tuesday, November 14th. RE/MAX Holdings’s dividend payout ratio (DPR) is presently 54.96%.
In other RE/MAX Holdings news, President Geoffrey D. Lewis sold 1,200 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $60.00, for a total value of $72,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.58% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of RMAX. BlackRock Inc. grew its position in shares of RE/MAX Holdings by 27,449.3% during the 1st quarter. BlackRock Inc. now owns 2,300,092 shares of the financial services provider’s stock worth $136,741,000 after buying an additional 2,291,743 shares in the last quarter. Teachers Advisors LLC grew its position in shares of RE/MAX Holdings by 428.7% during the 1st quarter. Teachers Advisors LLC now owns 155,769 shares of the financial services provider’s stock worth $9,260,000 after buying an additional 126,307 shares in the last quarter. American Century Companies Inc. bought a new position in shares of RE/MAX Holdings during the 2nd quarter worth $4,529,000. Vanguard Group Inc. grew its position in shares of RE/MAX Holdings by 9.7% during the 1st quarter. Vanguard Group Inc. now owns 855,962 shares of the financial services provider’s stock worth $50,887,000 after buying an additional 75,595 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of RE/MAX Holdings by 10.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 606,702 shares of the financial services provider’s stock worth $36,067,000 after buying an additional 58,603 shares in the last quarter.
RE/MAX Holdings Company Profile
RE/MAX Holdings, Inc is a franchisor in the real estate industry, franchising real estate brokerages around the world under the RE/MAX brand and mortgage brokerages within the United States under the Motto Mortgage brand. The Company is a franchised business, with all of the RE/MAX branded brokerage office locations being operated by franchisees, including RE/MAX, LLC, which owns the RE/MAX brand, and sells franchises and franchising rights; Independent Regional Franchise Owner, which owns rights to sell brokerage franchises in a specified region; Franchisee (or Broker-Owner), which operates a RE/MAX-branded brokerage office, lists properties and recruits agents, and Agent (or Sales Associate), including branded independent contractors operating out of local franchise brokerage offices.
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