Realogy (NYSE:RLGY) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday, February 7th.
According to Zacks, “Realogy Holdings Corp. is a provider of real estate services. The Company through its subsidiaries provides real estate brokerage services, relocation services, and title and settlement services. The Company’s brands and business units include Better Homes and Gardens(R) Real Estate, CENTURY 21(R), Coldwell Banker(R), Coldwell Banker Commercial(R), The Corcoran Group(R), ERA(R), Sotheby’s International Realty(R), NRT LLC, Cartus and Title Resource Group. Realogy Holdings Corp. is headquartered in Parsippany, New Jersey. “
Several other research firms have also recently issued reports on RLGY. Keefe, Bruyette & Woods cut Realogy from an “outperform” rating to a “market perform” rating and set a $38.00 target price on the stock. in a research note on Tuesday, October 10th. BidaskClub lowered shares of Realogy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. JPMorgan Chase & Co. lowered their target price on shares of Realogy to $30.00 and set a “neutral” rating for the company in a report on Wednesday, December 6th. TheStreet lowered shares of Realogy from a “b-” rating to a “c+” rating in a report on Monday, January 8th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $33.00 target price on shares of Realogy in a research report on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $34.78.
Realogy (NYSE RLGY) opened at $24.94 on Wednesday. Realogy has a 12 month low of $23.97 and a 12 month high of $35.18. The stock has a market capitalization of $3,370.80, a PE ratio of 14.93, a PEG ratio of 0.69 and a beta of 1.30. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.94 and a current ratio of 0.94.
In other news, Director Duncan L. Niederauer bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was bought at an average price of $26.47 per share, with a total value of $132,350.00. Following the acquisition, the director now owns 25,141 shares of the company’s stock, valued at approximately $665,482.27. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.80% of the company’s stock.
A number of hedge funds have recently made changes to their positions in RLGY. Old Mutual Global Investors UK Ltd. lifted its stake in Realogy by 219.6% in the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 2,412,869 shares of the financial services provider’s stock worth $63,941,000 after purchasing an additional 1,657,925 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Realogy by 5,307.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,092,371 shares of the financial services provider’s stock worth $28,948,000 after purchasing an additional 1,072,171 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Realogy by 2,443.4% during the 4th quarter. Renaissance Technologies LLC now owns 1,106,400 shares of the financial services provider’s stock valued at $29,320,000 after buying an additional 1,062,900 shares in the last quarter. APG Asset Management N.V. raised its position in shares of Realogy by 44.1% during the 4th quarter. APG Asset Management N.V. now owns 2,574,100 shares of the financial services provider’s stock valued at $56,807,000 after buying an additional 788,200 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Realogy by 539.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 853,060 shares of the financial services provider’s stock valued at $28,108,000 after buying an additional 719,577 shares in the last quarter.
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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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