Piper Jaffray Companies reiterated their buy rating on shares of Realogy Holdings Corp. (NYSE:RLGY) in a research report report published on Friday morning. Piper Jaffray Companies currently has a $33.00 target price on the financial services provider’s stock.
Several other research firms have also recently issued reports on RLGY. 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. BidaskClub upgraded Realogy Holdings Corp. from a hold rating to a buy rating in a report on Wednesday, August 9th. Keefe, Bruyette & Woods reiterated a buy rating and issued a $38.00 price objective on shares of Realogy Holdings Corp. in a report on Thursday, August 10th. Barclays PLC lifted their price objective on Realogy Holdings Corp. from $23.00 to $24.00 and gave the stock an underweight rating in a report on Friday, August 4th. Finally, Zacks Investment Research upgraded Realogy Holdings Corp. from a hold rating to a buy rating and set a $39.00 price objective on the stock in a report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Realogy Holdings Corp. currently has a consensus rating of Hold and a consensus target price of $33.88.
Realogy Holdings Corp. (NYSE RLGY) traded down $5.76 during trading hours on Friday, hitting $26.77. The stock had a trading volume of 8,093,471 shares, compared to its average volume of 1,556,945. Realogy Holdings Corp. has a 52-week low of $21.43 and a 52-week high of $35.18. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $3,649.50, a PE ratio of 16.84, a PEG ratio of 0.78 and a beta of 1.38.
Realogy Holdings Corp. (NYSE:RLGY) last posted its earnings results on Friday, November 3rd. The financial services provider reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.10). Realogy Holdings Corp. had a net margin of 4.06% and a return on equity of 9.53%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the business earned $0.74 earnings per share. Realogy Holdings Corp.’s revenue was up 1.8% on a year-over-year basis. equities research analysts expect that Realogy Holdings Corp. will post 1.72 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.34%. Realogy Holdings Corp.’s dividend payout ratio (DPR) is 21.56%.
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 transaction, the senior vice president now directly owns 8,705 shares of the company’s stock, valued at approximately $303,282.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in RLGY. Federated Investors Inc. PA purchased a new stake in shares of Realogy Holdings Corp. during the 2nd quarter valued at approximately $101,000. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Realogy Holdings Corp. during the 2nd quarter valued at approximately $119,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Realogy Holdings Corp. by 310.0% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,100 shares of the financial services provider’s stock valued at $122,000 after buying an additional 3,100 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Realogy Holdings Corp. by 2.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,136 shares of the financial services provider’s stock valued at $123,000 after buying an additional 86 shares during the period. Finally, Tocqueville Asset Management L.P. purchased a new stake in shares of Realogy Holdings Corp. during the 3rd quarter valued at approximately $201,000.
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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