Northern Trust Corp trimmed its stake in shares of Realogy Holdings Corp (NYSE:RLGY) by 2.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 715,264 shares of the financial services provider’s stock after selling 17,665 shares during the quarter. Northern Trust Corp owned approximately 0.56% of Realogy worth $19,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of RLGY. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Realogy in the 4th quarter worth approximately $175,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Realogy in the 1st quarter worth approximately $180,000. Great Lakes Advisors LLC bought a new stake in shares of Realogy in the 1st quarter worth approximately $299,000. Landscape Capital Management L.L.C. grew its position in shares of Realogy by 39.8% in the 4th quarter. Landscape Capital Management L.L.C. now owns 12,681 shares of the financial services provider’s stock worth $336,000 after buying an additional 3,608 shares during the last quarter. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of Realogy in the 4th quarter worth approximately $336,000.
A number of equities research analysts have recently weighed in on RLGY shares. Zacks Investment Research upgraded Realogy from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. Deutsche Bank set a $35.00 price objective on Realogy and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Citigroup lowered their target price on Realogy from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, May 4th. ValuEngine cut Realogy from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Finally, Barclays lowered their target price on Realogy from $24.00 to $21.00 and set an “underweight” rating for the company in a research note on Wednesday, February 28th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $32.33.
Realogy opened at $23.19 on Wednesday, according to MarketBeat. The company has a market capitalization of $3.03 billion, a PE ratio of 14.77, a PEG ratio of 0.65 and a beta of 1.15. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.67 and a quick ratio of 0.67. Realogy Holdings Corp has a 52 week low of $22.85 and a 52 week high of $35.18.
Realogy (NYSE:RLGY) last released its earnings results on Thursday, May 3rd. The financial services provider reported ($0.38) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.34) by ($0.04). The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Realogy had a net margin of 6.38% and a return on equity of 7.65%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.17) EPS. research analysts expect that Realogy Holdings Corp will post 1.82 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 30th. Shareholders of record on Wednesday, May 16th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Tuesday, May 15th. Realogy’s payout ratio is 22.93%.
Realogy declared that its Board of Directors has initiated a share buyback plan on Tuesday, February 27th that authorizes the company to buyback $350.00 million in shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.
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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