Boston Partners cut its stake in Realogy Holdings Corp. (NYSE:RLGY) by 23.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 229,461 shares of the financial services provider’s stock after selling 70,263 shares during the period. Boston Partners owned about 0.17% of Realogy Holdings Corp. worth $7,446,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in RLGY. FMR LLC increased its position in shares of Realogy Holdings Corp. by 5.0% in the first quarter. FMR LLC now owns 11,213,250 shares of the financial services provider’s stock valued at $334,043,000 after buying an additional 535,210 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Realogy Holdings Corp. by 2.5% in the first quarter. Vanguard Group Inc. now owns 11,017,764 shares of the financial services provider’s stock valued at $328,219,000 after buying an additional 269,319 shares during the last quarter. BlackRock Inc. increased its position in shares of Realogy Holdings Corp. by 2,352.2% in the first quarter. BlackRock Inc. now owns 6,789,662 shares of the financial services provider’s stock valued at $202,264,000 after buying an additional 6,512,779 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Realogy Holdings Corp. by 4.5% in the first quarter. Clearbridge Investments LLC now owns 3,575,556 shares of the financial services provider’s stock valued at $106,516,000 after buying an additional 152,666 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Realogy Holdings Corp. by 8.2% in the first quarter. JPMorgan Chase & Co. now owns 3,471,356 shares of the financial services provider’s stock valued at $103,412,000 after buying an additional 263,355 shares during the last quarter.
Realogy Holdings Corp. (NYSE RLGY) opened at 34.02 on Friday. The firm’s 50-day moving average price is $33.54 and its 200 day moving average price is $30.22. Realogy Holdings Corp. has a 12-month low of $21.43 and a 12-month high of $35.18. The firm has a market cap of $4.64 billion, a P/E ratio of 19.83 and a beta of 1.40.
Realogy Holdings Corp. (NYSE:RLGY) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. Realogy Holdings Corp. had a net margin of 4.06% and a return on equity of 9.53%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the business posted $0.74 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts forecast that Realogy Holdings Corp. will post $1.73 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th will be given a $0.09 dividend. The ex-dividend date is Monday, August 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.06%. Realogy Holdings Corp.’s dividend payout ratio is currently 21.05%.
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RLGY has been the topic of several research reports. Wedbush upped their price objective on Realogy Holdings Corp. from $32.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, July 12th. Zacks Investment Research downgraded Realogy Holdings Corp. from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. BidaskClub downgraded Realogy Holdings Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Deutsche Bank AG set a $42.00 price objective on Realogy Holdings Corp. and gave the stock a “buy” rating in a report on Tuesday, August 8th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $40.00 price objective on shares of Realogy Holdings Corp. in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Realogy Holdings Corp. currently has a consensus rating of “Buy” and a consensus target price of $35.56.
In other Realogy Holdings Corp. news, SVP Timothy B. Gustavson sold 3,093 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $34.84, for a total value of $107,760.12. Following the sale, the senior vice president now owns 8,705 shares in the company, valued at $303,282.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.80% of the company’s stock.
Realogy Holdings Corp. 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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