Realogy (RLGY) Price Target Lowered to $30.00 at J P Morgan Chase & Co

Realogy (NYSE:RLGY) had its target price cut by J P Morgan Chase & Co to $30.00 in a research note released on Wednesday morning. They currently have a neutral rating on the financial services provider’s stock.

Several other equities research analysts have also weighed in on the stock. BidaskClub lowered shares of Realogy from a buy rating to a hold rating in a report on Wednesday, September 6th. Deutsche Bank set a $42.00 target price on shares of Realogy and gave the stock a buy rating in a report on Tuesday, August 8th. Keefe, Bruyette & Woods lowered shares of Realogy from an outperform rating to a market perform rating and set a $38.00 target price on the stock. in a report on Tuesday, October 10th. TheStreet raised shares of Realogy from a c+ rating to a b rating in a report on Wednesday, August 9th. Finally, Citigroup lowered their target price on shares of Realogy from $40.00 to $37.00 and set a buy rating on the stock in a report on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Realogy currently has an average rating of Hold and an average price target of $34.67.

Shares of Realogy (NYSE:RLGY) traded down $0.09 during trading on Wednesday, reaching $27.36. 2,544,400 shares of the company’s stock traded hands, compared to its average volume of 1,277,873. The company has a market cap of $3,695.23, a price-to-earnings ratio of 17.26, a PEG ratio of 0.89 and a beta of 1.32. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.94 and a quick ratio of 0.94. Realogy has a 12-month low of $25.14 and a 12-month high of $35.18.

Realogy (NYSE:RLGY) last announced its quarterly earnings results on Friday, November 3rd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.10). The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.74 billion. Realogy had a net margin of 3.86% and a return on equity of 9.08%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $0.74 EPS. sell-side analysts forecast that Realogy will post 1.55 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were given a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.32%. Realogy’s dividend payout ratio is 21.56%.

In related news, Director Duncan L. Niederauer bought 5,000 shares of the company’s stock in a transaction on Monday, November 27th. The shares were purchased at an average cost of $26.47 per share, for a total transaction of $132,350.00. Following the acquisition, the director now owns 25,141 shares of the company’s stock, valued at approximately $665,482.27. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.80% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in Realogy by 10.1% in the second quarter. FMR LLC now owns 12,344,949 shares of the financial services provider’s stock valued at $400,594,000 after purchasing an additional 1,131,699 shares in the last quarter. Old Mutual Global Investors UK Ltd. bought a new stake in shares of Realogy during the third quarter worth about $24,875,000. Ameriprise Financial Inc. grew its holdings in shares of Realogy by 539.1% during the third quarter. Ameriprise Financial Inc. now owns 853,060 shares of the financial services provider’s stock worth $28,108,000 after purchasing an additional 719,577 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Realogy by 271.3% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 894,419 shares of the financial services provider’s stock worth $29,471,000 after purchasing an additional 653,561 shares during the last quarter. Finally, APG Asset Management N.V. grew its holdings in shares of Realogy by 55.7% during 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 purchasing an additional 639,000 shares during the last quarter.

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About Realogy

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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