Lord Abbett & CO. LLC decreased its stake in shares of Realogy Holdings Corp. (NYSE:RLGY) by 20.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,355,797 shares of the financial services provider’s stock after selling 342,360 shares during the quarter. Lord Abbett & CO. LLC owned about 1.16% of Realogy worth $23,781,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Teacher Retirement System of Texas lifted its stake in shares of Realogy by 17.6% during the second quarter. Teacher Retirement System of Texas now owns 15,128 shares of the financial services provider’s stock worth $276,000 after buying an additional 2,261 shares during the period. Panagora Asset Management Inc. lifted its position in Realogy by 25.5% during the second quarter. Panagora Asset Management Inc. now owns 436,667 shares of the financial services provider’s stock valued at $7,956,000 after purchasing an additional 88,851 shares during the period. Profund Advisors LLC boosted its holdings in Realogy by 6.6% in the second quarter. Profund Advisors LLC now owns 15,837 shares of the financial services provider’s stock valued at $289,000 after purchasing an additional 976 shares during the last quarter. Tilden Park Management I LLC grew its position in Realogy by 32.3% during the 2nd quarter. Tilden Park Management I LLC now owns 245,535 shares of the financial services provider’s stock worth $4,476,000 after purchasing an additional 60,000 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Realogy by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,781,434 shares of the financial services provider’s stock valued at $123,556,000 after buying an additional 190,361 shares during the last quarter.
Several analysts recently commented on the company. Zacks Investment Research lowered Realogy from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 8th. JPMorgan Chase & Co. upgraded shares of Realogy from a “neutral” rating to an “overweight” rating and set a $21.00 price target on the stock in a research report on Monday, December 20th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $23.00.
Realogy (NYSE:RLGY) last posted its quarterly earnings results on Thursday, October 28th. The financial services provider reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.12). Realogy had a return on equity of 20.63% and a net margin of 3.98%. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the firm posted $1.36 earnings per share. The business’s revenue was up 14.5% compared to the same quarter last year. As a group, analysts expect that Realogy Holdings Corp. will post 2.98 earnings per share for the current year.
Realogy Company Profile
Realogy Holdings Corp. engages in the provision of residential real estate services, which focuses on empowering independent sales agents. It operates through the following segments: Realogy Franchise Group, Realogy Brokerage Group, Realogy Title Group and Realogy Leads Group. The Realogy Franchise Group segment is the franchisor of residential real estate brokerages through portfolio of well-known brokerage brands, including Century 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, Sotheby’s International Realty and Better Homes and Gardens Real Estate.
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