HBK Investments L P grew its position in shares of Realogy Holdings Corp (NYSE:RLGY) by 422.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,600 shares of the financial services provider’s stock after purchasing an additional 177,557 shares during the quarter. HBK Investments L P owned approximately 0.16% of Realogy worth $5,819,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Okumus Fund Management Ltd. purchased a new stake in Realogy in the 4th quarter worth $152,199,000. Old Mutual Global Investors UK Ltd. increased its holdings 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 acquiring an additional 1,657,925 shares in the last quarter. Deutsche Bank AG increased its holdings in Realogy by 325.2% in the 4th quarter. Deutsche Bank AG now owns 1,522,914 shares of the financial services provider’s stock worth $40,353,000 after acquiring an additional 1,164,708 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings 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 acquiring an additional 1,072,171 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Realogy by 2,443.4% in the 4th quarter. Renaissance Technologies LLC now owns 1,106,400 shares of the financial services provider’s stock worth $29,320,000 after acquiring an additional 1,062,900 shares in the last quarter.
Realogy stock opened at $27.45 on Friday. Realogy Holdings Corp has a 52-week low of $23.86 and a 52-week high of $35.18. The firm has a market cap of $3,580.45, a PE ratio of 17.48, a price-to-earnings-growth ratio of 0.72 and a beta of 1.17. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.30.
Realogy (NYSE:RLGY) last released its earnings results on Tuesday, February 27th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.02. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.46 billion. Realogy had a net margin of 7.05% and a return on equity of 8.74%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 earnings per share. equities research analysts anticipate that Realogy Holdings Corp will post 1.9 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 26th. Stockholders of record on Monday, March 12th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, March 9th. This represents a $0.36 annualized dividend and a dividend yield of 1.31%. Realogy’s payout ratio is 22.93%.
Realogy declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, February 27th that permits the company to buyback $350.00 million in outstanding shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.
RLGY has been the subject of several recent analyst reports. JPMorgan Chase lowered shares of Realogy from a “neutral” rating to an “underweight” rating and set a $28.00 price target for the company. in a report on Friday, December 15th. Piper Jaffray reissued a “buy” rating and issued a $36.00 price target on shares of Realogy in a report on Friday, December 22nd. TheStreet lowered shares of Realogy from a “b-” rating to a “c+” rating in a report on Monday, January 8th. Zacks Investment Research raised shares of Realogy from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, Stephens reaffirmed a “buy” rating and set a $33.00 target price on shares of Realogy in a report on Friday, February 23rd. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $33.60.
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Realogy Company Profile
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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