Engineers Gate Manager LP lifted its stake in shares of Realogy Holdings Corp (NYSE:RLGY) by 247.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 143,404 shares of the financial services provider’s stock after purchasing an additional 102,176 shares during the period. Engineers Gate Manager LP owned 0.12% of Realogy worth $2,960,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Pzena Investment Management LLC raised its position in shares of Realogy by 996.9% during the 2nd quarter. Pzena Investment Management LLC now owns 3,057,328 shares of the financial services provider’s stock valued at $69,707,000 after buying an additional 2,778,604 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Realogy by 36.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,522,809 shares of the financial services provider’s stock valued at $148,721,000 after buying an additional 1,750,240 shares during the period. EdgePoint Investment Group Inc. raised its position in shares of Realogy by 12.9% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 15,200,848 shares of the financial services provider’s stock valued at $346,579,000 after buying an additional 1,737,469 shares during the period. Magnolia Group LLC purchased a new stake in shares of Realogy during the 2nd quarter valued at approximately $26,217,000. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Realogy during the 2nd quarter valued at approximately $18,890,000.
RLGY has been the topic of several analyst reports. Zacks Investment Research lowered shares of Realogy from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Barclays set a $17.00 price target on shares of Realogy and gave the company a “sell” rating in a research report on Monday. Finally, Piper Jaffray Companies lowered Realogy from an “overweight” rating to a “neutral” rating and cut their target price for the company from $32.00 to $19.00 in a research report on Monday. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Realogy has a consensus rating of “Hold” and a consensus price target of $27.86.
Shares of NYSE RLGY opened at $18.22 on Tuesday. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 0.49 and a beta of 1.19. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.56 and a current ratio of 0.56. Realogy Holdings Corp has a 52-week low of $17.43 and a 52-week high of $28.07.
Realogy (NYSE:RLGY) last announced its earnings results on Friday, November 2nd. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.07). The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Realogy had a net margin of 6.71% and a return on equity of 8.69%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 EPS. Analysts predict that Realogy Holdings Corp will post 1.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 29th. Shareholders of record on Thursday, November 15th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Wednesday, November 14th. Realogy’s payout ratio is 22.93%.
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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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