Realogy Holdings Corp (RLGY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Realogy Holdings Corp (NYSE:RLGY) have received an average rating of “Hold” from the eight research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $26.50.

A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Realogy from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 21st. Piper Jaffray Companies downgraded shares of Realogy from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $32.00 to $19.00 in a report on Monday, November 5th. Susquehanna Bancshares started coverage on shares of Realogy in a research note on Thursday, November 29th. They issued a “hold” rating and a $20.00 price target for the company. Finally, Barclays set a $17.00 price target on shares of Realogy and gave the stock a “sell” rating in a research note on Monday, November 5th.

In other news, Director Michael J. Williams acquired 5,000 shares of the firm’s stock in a transaction on Friday, November 16th. The shares were purchased at an average price of $16.94 per share, for a total transaction of $84,700.00. Following the completion of the transaction, the director now owns 49,455 shares of the company’s stock, valued at $837,767.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Duncan L. Niederauer acquired 10,000 shares of the firm’s stock in a transaction on Monday, November 12th. The stock was purchased at an average price of $17.85 per share, for a total transaction of $178,500.00. Following the transaction, the director now directly owns 40,868 shares of the company’s stock, valued at approximately $729,493.80. The disclosure for this purchase can be found here. Insiders own 0.78% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Panagora Asset Management Inc. increased its position in shares of Realogy by 87.6% in the third quarter. Panagora Asset Management Inc. now owns 6,638 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 3,100 shares during the period. Federated Investors Inc. PA purchased a new position in shares of Realogy in the second quarter valued at about $222,000. Crossmark Global Holdings Inc. purchased a new position in shares of Realogy in the third quarter valued at about $209,000. Great Lakes Advisors LLC purchased a new position in shares of Realogy in the third quarter valued at about $214,000. Finally, Oregon Public Employees Retirement Fund purchased a new position in shares of Realogy in the third quarter valued at about $219,000.

Shares of NYSE RLGY traded down $0.11 during mid-day trading on Tuesday, reaching $18.29. 1,939,638 shares of the company were exchanged, compared to its average volume of 1,636,823. Realogy has a 52 week low of $14.25 and a 52 week high of $28.07. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $2.16 billion, a P/E ratio of 11.65, a P/E/G ratio of 0.55 and a beta of 1.31.

Realogy (NYSE:RLGY) last posted its quarterly earnings data on Friday, November 2nd. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.07). Realogy had a return on equity of 8.74% and a net margin of 6.71%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the firm posted $0.71 earnings per share. The business’s revenue was up .1% on a year-over-year basis. As a group, analysts forecast that Realogy will post 1.56 EPS for the current fiscal year.

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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Analyst Recommendations for Realogy (NYSE:RLGY)

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