Realogy (NYSE:RLGY) Lowered to C+ at TheStreet

TheStreet cut shares of Realogy (NYSE:RLGY) from a b- rating to a c+ rating in a report issued on Monday, January 8th.

A number of other brokerages have also commented on RLGY. Zacks Investment Research lowered shares of Realogy from a buy rating to a hold rating in a report on Wednesday, November 1st. BidaskClub cut shares of Realogy from a buy rating to a hold rating in a report on Friday, October 13th. Keefe, Bruyette & Woods reiterated a buy rating and issued a $38.00 price objective on shares of Realogy in a report on Friday, September 29th. Piper Jaffray Companies reiterated a buy rating and issued a $33.00 price objective on shares of Realogy in a report on Friday, November 3rd. Finally, Citigroup reduced their target price on shares of Realogy from $40.00 to $37.00 and set a buy rating for the company in a report on Monday, November 6th. Four analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Realogy has an average rating of Hold and a consensus target price of $34.78.

Shares of Realogy (RLGY) traded down $0.80 on Monday, reaching $26.60. The company’s stock had a trading volume of 1,261,789 shares, compared to its average volume of 1,304,786. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.94 and a quick ratio of 0.94. Realogy has a 12 month low of $25.44 and a 12 month high of $35.18. The stock has a market cap of $3,688.50, a price-to-earnings ratio of 15.93, a PEG ratio of 0.77 and a beta of 1.30.

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

In other news, Director Duncan L. Niederauer purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was purchased at an average cost of $26.47 per share, with a total value of $132,350.00. Following the acquisition, the director now directly owns 25,141 shares of the company’s stock, valued at approximately $665,482.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its stake in Realogy by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 4,153 shares of the financial services provider’s stock valued at $135,000 after buying an additional 17 shares in the last quarter. Gotham Asset Management LLC lifted its stake in Realogy by 0.7% in the second quarter. Gotham Asset Management LLC now owns 12,170 shares of the financial services provider’s stock valued at $395,000 after buying an additional 90 shares in the last quarter. M&T Bank Corp lifted its stake in Realogy by 0.5% in the second quarter. M&T Bank Corp now owns 24,955 shares of the financial services provider’s stock valued at $810,000 after buying an additional 134 shares in the last quarter. Comerica Bank lifted its position in shares of Realogy by 3.3% in the second quarter. Comerica Bank now owns 7,944 shares of the financial services provider’s stock worth $267,000 after purchasing an additional 257 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Realogy by 1.3% in the second quarter. Royal Bank of Canada now owns 33,316 shares of the financial services provider’s stock worth $1,081,000 after purchasing an additional 417 shares in the last quarter.

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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.

Analyst Recommendations for Realogy (NYSE:RLGY)

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