Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of Realogy Holdings Corp (NYSE:RLGY) by 38.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 484,783 shares of the financial services provider’s stock after buying an additional 135,271 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.36% of Realogy worth $12,846,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Elkfork Partners LLC raised its position in Realogy by 90.9% during the 4th quarter. Elkfork Partners LLC now owns 35,664 shares of the financial services provider’s stock worth $945,000 after buying an additional 16,986 shares during the last quarter. Paloma Partners Management Co raised its position in Realogy by 1,037.5% during the 4th quarter. Paloma Partners Management Co now owns 426,441 shares of the financial services provider’s stock worth $11,300,000 after buying an additional 388,951 shares during the last quarter. Raymond James & Associates raised its position in Realogy by 45.6% during the 4th quarter. Raymond James & Associates now owns 32,859 shares of the financial services provider’s stock worth $871,000 after buying an additional 10,298 shares during the last quarter. HBK Investments L P raised its position in Realogy by 422.3% during the 4th quarter. HBK Investments L P now owns 219,600 shares of the financial services provider’s stock worth $5,819,000 after buying an additional 177,557 shares during the last quarter. Finally, Stone Ridge Asset Management LLC purchased a new position in Realogy during the 4th quarter worth approximately $956,000.
Realogy stock traded down $0.20 during trading on Friday, reaching $27.45. The company had a trading volume of 2,270,350 shares, compared to its average volume of 1,945,378. Realogy Holdings Corp has a 1-year low of $23.86 and a 1-year high of $35.18. The stock has a market capitalization of $3,572.65, a P/E ratio of 17.48, a P/E/G ratio of 0.72 and a beta of 1.17. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.80 and a current ratio of 0.80.
Realogy (NYSE:RLGY) last released its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. Realogy had a net margin of 7.05% and a return on equity of 8.74%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the company earned $0.40 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. sell-side analysts predict that Realogy Holdings Corp will post 1.9 EPS for the current year.
Realogy announced that its Board of Directors has initiated a stock repurchase program on Tuesday, February 27th that allows the company to buyback $350.00 million in outstanding shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Monday, March 26th. Investors of record on Monday, March 12th were paid a $0.09 dividend. The ex-dividend date was Friday, March 9th. This represents a $0.36 dividend on an annualized basis and a yield of 1.31%. Realogy’s dividend payout ratio is currently 22.93%.
A number of research firms have issued reports on RLGY. ValuEngine lowered shares of Realogy from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Piper Jaffray reissued a “buy” rating and set a $36.00 price target on shares of Realogy in a research report on Friday, December 22nd. Zacks Investment Research lowered shares of Realogy from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. Stephens reaffirmed a “buy” rating and set a $33.00 target price on shares of Realogy in a report on Friday, February 23rd. Finally, Deutsche Bank set a $35.00 target price on shares of Realogy and gave the company a “buy” rating in a report on Wednesday, February 28th. Four analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $33.60.
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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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