Texas Permanent School Fund purchased a new stake in Realogy Holdings Corp (NYSE:RLGY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 55,935 shares of the financial services provider’s stock, valued at approximately $1,154,000.
Other hedge funds have also modified their holdings of the company. Point72 Hong Kong Ltd grew its position in shares of Realogy by 649.3% in the 2nd quarter. Point72 Hong Kong Ltd now owns 6,849 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 5,935 shares during the period. NumerixS Investment Technologies Inc bought a new position in shares of Realogy in the 2nd quarter valued at about $158,000. Federated Investors Inc. PA bought a new position in shares of Realogy in the 2nd quarter valued at about $222,000. First Hawaiian Bank bought a new position in shares of Realogy in the 3rd quarter valued at about $302,000. Finally, State of Alaska Department of Revenue grew its position in shares of Realogy by 40.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 14,590 shares of the financial services provider’s stock valued at $332,000 after acquiring an additional 4,170 shares during the period.
RLGY has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Realogy from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Piper Jaffray Companies downgraded shares of Realogy from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $32.00 to $19.00 in a research report on Monday, November 5th. Finally, Barclays set a $17.00 price objective on shares of Realogy and gave the company a “sell” rating in a research report on Monday, November 5th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $27.86.
Shares of RLGY stock opened at $18.19 on Friday. The stock has a market cap of $2.24 billion, a P/E ratio of 11.59, a P/E/G ratio of 0.54 and a beta of 1.19. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 1.26. Realogy Holdings Corp has a 52 week low of $17.43 and a 52 week high of $28.07.
Realogy (NYSE:RLGY) last announced its earnings results on Friday, November 2nd. The financial services provider reported $0.84 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.07). The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.71 billion. Realogy had a return on equity of 8.74% and a net margin of 6.71%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 EPS. On average, research analysts forecast that Realogy Holdings Corp will post 1.74 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 29th. Investors of record on Thursday, November 15th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Wednesday, November 14th. Realogy’s payout ratio is 22.93%.
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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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