Stock Traders Buy High Volume of Put Options on Realogy Holdings Corp. (RLGY)

Realogy Holdings Corp. (NYSE:RLGY) saw some unusual options trading on Friday. Stock investors bought 4,638 put options on the company. This is an increase of Infinity compared to the average volume of 0 put options.

Realogy Holdings Corp. (NYSE RLGY) opened at $26.77 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.43. Realogy Holdings Corp. has a fifty-two week low of $21.43 and a fifty-two week high of $35.18. The stock has a market capitalization of $3,649.50, a PE ratio of 16.84, a P/E/G ratio of 0.78 and a beta of 1.38.

Realogy Holdings Corp. (NYSE:RLGY) last released its quarterly earnings results on Friday, November 3rd. The financial services provider reported $0.70 earnings per share 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 company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the business earned $0.74 EPS. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. analysts anticipate that Realogy Holdings Corp. will post 1.72 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.34%. Realogy Holdings Corp.’s dividend payout ratio (DPR) is 21.56%.

A number of brokerages have recently commented on RLGY. BidaskClub lowered Realogy Holdings Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Zacks Investment Research lowered Realogy Holdings Corp. from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Deutsche Bank AG set a $42.00 target price on Realogy Holdings Corp. and gave the stock a “buy” rating in a report on Tuesday, August 8th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $40.00 target price on shares of Realogy Holdings Corp. in a report on Friday, August 4th. Finally, Wedbush lifted their target price on Realogy Holdings Corp. from $32.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Realogy Holdings Corp. currently has a consensus rating of “Hold” and an average target price of $33.88.

In other news, SVP Timothy B. Gustavson sold 3,093 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $34.84, for a total transaction of $107,760.12. Following the transaction, the senior vice president now directly owns 8,705 shares of the company’s stock, valued at $303,282.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. Pettee Investors Inc. acquired a new position in shares of Realogy Holdings Corp. in the 3rd quarter valued at $487,000. Prudential Financial Inc. boosted its position in shares of Realogy Holdings Corp. by 355.5% in the 3rd quarter. Prudential Financial Inc. now owns 33,570 shares of the financial services provider’s stock valued at $1,106,000 after purchasing an additional 26,200 shares during the period. USA Financial Portformulas Corp acquired a new position in shares of Realogy Holdings Corp. in the 3rd quarter valued at $757,000. American Century Companies Inc. boosted its position in shares of Realogy Holdings Corp. by 11.4% in the 3rd quarter. American Century Companies Inc. now owns 1,224,068 shares of the financial services provider’s stock valued at $40,333,000 after purchasing an additional 125,336 shares during the period. Finally, Stevens Capital Management LP boosted its position in shares of Realogy Holdings Corp. by 652.0% in the 3rd quarter. Stevens Capital Management LP now owns 125,114 shares of the financial services provider’s stock valued at $4,123,000 after purchasing an additional 108,477 shares during the period.

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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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