Realogy Holdings Corp (NYSE:RLGY) – Research analysts at Piper Jaffray Companies reduced their FY2018 earnings per share (EPS) estimates for shares of Realogy in a report released on Monday, November 5th. Piper Jaffray Companies analyst J. Deleeuw now forecasts that the financial services provider will post earnings per share of $1.56 for the year, down from their prior estimate of $1.76. Piper Jaffray Companies currently has a “Neutral” rating and a $19.00 target price on the stock. Piper Jaffray Companies also issued estimates for Realogy’s Q2 2019 earnings at $1.01 EPS and Q3 2019 earnings at $0.90 EPS.
Realogy (NYSE:RLGY) last posted its earnings results on Friday, November 2nd. The financial services provider reported $0.84 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.07). Realogy had a return on equity of 8.69% and a net margin of 6.71%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the company posted $0.71 EPS. Realogy’s revenue for the quarter was up .1% on a year-over-year basis.
RLGY has been the subject of several other research reports. Barclays set a $17.00 target price on shares of Realogy and gave the stock a “sell” rating in a research report on Monday. Zacks Investment Research upgraded shares of Realogy from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $27.86.
NYSE RLGY opened at $18.39 on Tuesday. Realogy has a 52 week low of $17.43 and a 52 week high of $28.07. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 0.49 and a beta of 1.19.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 29th. Stockholders of record on Thursday, November 15th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Wednesday, November 14th. Realogy’s dividend payout ratio (DPR) is presently 22.93%.
Institutional investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd boosted its holdings in shares of Realogy by 649.3% in the second quarter. Point72 Hong Kong Ltd now owns 6,849 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 5,935 shares in the last quarter. NumerixS Investment Technologies Inc bought a new position in shares of Realogy in the second quarter valued at approximately $158,000. Federated Investors Inc. PA bought a new position in shares of Realogy in the second quarter valued at approximately $222,000. Oregon Public Employees Retirement Fund bought a new position in shares of Realogy in the third quarter valued at approximately $219,000. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Realogy by 40.0% in the second quarter. State of Alaska Department of Revenue now owns 14,590 shares of the financial services provider’s stock valued at $332,000 after acquiring an additional 4,170 shares in the last quarter.
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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