Realogy Holdings Corp. (RLGY) to Issue Quarterly Dividend of $0.09
Realogy Holdings Corp. (NYSE:RLGY) declared a quarterly dividend on Friday, November 3rd, RTT News reports. Shareholders of record on Thursday, November 16th will be given a dividend of 0.09 per share by the financial services provider on Thursday, November 30th. This represents a $0.36 annualized dividend and a yield of 1.18%.
Realogy Holdings Corp. (NYSE:RLGY) last announced its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.10). Realogy Holdings Corp. had a net margin of 4.06% and a return on equity of 9.53%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the company earned $0.74 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year.
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RLGY has been the topic of a number of research reports. Zacks Investment Research cut Realogy Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub cut Realogy Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Deutsche Bank AG set a $42.00 price target on Realogy Holdings Corp. and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Piper Jaffray Companies reiterated a “buy” rating and set a $40.00 price target on shares of Realogy Holdings Corp. in a research report on Friday, August 4th. Finally, Wedbush increased their price target on Realogy Holdings Corp. from $32.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 12th. One 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 company’s stock. Realogy Holdings Corp. currently has an average rating of “Hold” and a consensus target price of $34.75.
In related news, SVP Timothy B. Gustavson sold 3,093 shares of the firm’s 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 directly owns 8,705 shares in the company, valued at approximately $303,282.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by company insiders.
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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