Realogy Holdings Corp. (RLGY) Downgraded by Zacks Investment Research

Realogy Holdings Corp. (NYSE:RLGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Realogy Holdings Corp. is a provider of real estate services. The Company through its subsidiaries provides real estate brokerage services, relocation services, and title and settlement services. The Company’s brands and business units include Better Homes and Gardens(R) Real Estate, CENTURY 21(R), Coldwell Banker(R), Coldwell Banker Commercial(R), The Corcoran Group(R), ERA(R), Sotheby’s International Realty(R), NRT LLC, Cartus and Title Resource Group. Realogy Holdings Corp. is headquartered in Parsippany, New Jersey. “

A number of other analysts have also issued reports on RLGY. Wedbush lifted their price objective on shares of Realogy Holdings Corp. from $32.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, July 12th. Barclays PLC reiterated an “underweight” rating on shares of Realogy Holdings Corp. in a research note on Thursday, July 13th. BidaskClub lowered shares of Realogy Holdings Corp. from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Piper Jaffray Companies reiterated a “buy” rating and set a $40.00 price objective on shares of Realogy Holdings Corp. in a research note on Friday, August 4th. Finally, Deutsche Bank AG set a $42.00 price objective on shares of Realogy Holdings Corp. and gave the company a “buy” rating in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $34.75.

Shares of Realogy Holdings Corp. (NYSE RLGY) opened at 32.33 on Wednesday. The stock has a market capitalization of $4.41 billion, a P/E ratio of 18.84 and a beta of 1.39. Realogy Holdings Corp. has a 12 month low of $21.43 and a 12 month high of $35.18. The firm has a 50 day moving average of $33.32 and a 200-day moving average of $32.37.

Realogy Holdings Corp. (NYSE:RLGY) last announced its quarterly 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. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Realogy Holdings Corp. had a net margin of 4.06% and a return on equity of 9.53%. Realogy Holdings Corp.’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 earnings per share. Analysts forecast that Realogy Holdings Corp. will post $1.72 earnings per share for the current year.

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In related news, SVP Timothy B. Gustavson sold 3,093 shares of Realogy Holdings Corp. stock in a transaction 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 completion of 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 legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of RLGY. BlackRock Inc. increased its stake 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 worth $202,264,000 after buying an additional 6,512,779 shares during the last quarter. FMR LLC increased its stake in shares of Realogy Holdings Corp. by 10.1% in the second quarter. FMR LLC now owns 12,344,949 shares of the financial services provider’s stock worth $400,594,000 after buying an additional 1,131,699 shares during the last quarter. APG Asset Management N.V. increased its stake in shares of Realogy Holdings Corp. by 55.7% in the third quarter. APG Asset Management N.V. now owns 1,785,900 shares of the financial services provider’s stock worth $58,845,000 after buying an additional 639,000 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Realogy Holdings Corp. by 83.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,286,364 shares of the financial services provider’s stock worth $41,743,000 after buying an additional 586,928 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Realogy Holdings Corp. by 95.0% in the second quarter. American Century Companies Inc. now owns 1,098,732 shares of the financial services provider’s stock worth $35,654,000 after buying an additional 535,241 shares during the last quarter.

About Realogy Holdings Corp.

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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