Realogy Target of Unusually High Options Trading (RLGY)

Realogy Holdings Corp (NYSE:RLGY) saw some unusual options trading on Thursday. Investors acquired 5,898 call options on the stock. This represents an increase of approximately 3,195% compared to the typical volume of 179 call options.

Several equities analysts have recently weighed in on the company. Piper Jaffray Companies restated a “buy” rating and issued a $36.00 price objective on shares of Realogy in a report on Friday, December 22nd. BidaskClub cut Realogy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Keefe, Bruyette & Woods cut Realogy from an “outperform” rating to a “market perform” rating and set a $38.00 price objective for the company. in a report on Tuesday, October 10th. JPMorgan Chase & Co. decreased their price objective on Realogy to $30.00 and set a “neutral” rating for the company in a report on Wednesday, December 6th. Finally, TheStreet cut Realogy from a “b-” rating to a “c+” rating in a report on Monday, January 8th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.78.

Realogy (NYSE:RLGY) opened at $26.60 on Friday. Realogy has a 1-year low of $25.44 and a 1-year high of $35.18. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $3,580.00, a PE ratio of 15.93, a P/E/G ratio of 0.77 and a beta of 1.30.

Realogy (NYSE:RLGY) last posted its quarterly earnings results on Friday, November 3rd. The financial services provider reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.10). Realogy had a return on equity of 9.08% and a net margin of 3.86%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the business posted $0.74 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. analysts forecast that Realogy will post 1.55 EPS for the current fiscal year.

In related news, Director Duncan L. Niederauer acquired 5,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was bought at an average price of $26.47 per share, for a total transaction of $132,350.00. Following the acquisition, the director now directly owns 25,141 shares of the company’s stock, valued at $665,482.27. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of RLGY. Prudential Financial Inc. bought a new position in Realogy during the second quarter worth about $239,000. Principal Financial Group Inc. grew its holdings in Realogy by 10.6% during the second quarter. Principal Financial Group Inc. now owns 21,249 shares of the financial services provider’s stock worth $690,000 after purchasing an additional 2,036 shares during the period. Ameriprise Financial Inc. grew its holdings in Realogy by 9.6% during the second quarter. Ameriprise Financial Inc. now owns 133,483 shares of the financial services provider’s stock worth $4,331,000 after purchasing an additional 11,699 shares during the period. Profund Advisors LLC bought a new position in Realogy during the second quarter worth about $222,000. Finally, PNC Financial Services Group Inc. grew its holdings in Realogy by 0.4% during the second quarter. PNC Financial Services Group Inc. now owns 4,153 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 17 shares during the period.

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About Realogy

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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