Realogy Holdings Corp (NYSE:RLGY) Short Interest Up 20.7% in July

Realogy Holdings Corp (NYSE:RLGY) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 38,599,300 shares, an increase of 20.7% from the June 30th total of 31,988,500 shares. Approximately 34.6% of the shares of the stock are sold short. Based on an average trading volume of 4,920,000 shares, the short-interest ratio is currently 7.8 days.

Shares of RLGY stock traded up $0.10 on Thursday, reaching $5.99. The company had a trading volume of 149,190 shares, compared to its average volume of 7,345,999. The firm has a market capitalization of $693.95 million, a PE ratio of 3.99 and a beta of 1.70. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.58 and a quick ratio of 0.58. Realogy has a one year low of $4.52 and a one year high of $21.86. The firm has a 50-day simple moving average of $5.82.

Realogy (NYSE:RLGY) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.73 billion. Realogy had a net margin of 0.87% and a return on equity of 5.53%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business earned $1.00 EPS. On average, sell-side analysts forecast that Realogy will post 1.04 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $0.36 dividend on an annualized basis and a yield of 6.01%. Realogy’s dividend payout ratio (DPR) is presently 24.00%.

RLGY has been the topic of a number of recent research reports. Evercore ISI restated a “hold” rating and set a $8.00 price objective on shares of Realogy in a research note on Sunday. Stephens lowered Realogy from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $16.00 to $8.00 in a research note on Monday, June 10th. Barclays lowered their price target on Realogy from $9.00 to $5.00 and set an “underweight” rating for the company in a report on Thursday, July 11th. Compass Point set a $7.00 price objective on Realogy and gave the stock a “hold” rating in a research report on Friday, August 9th. Finally, Zacks Investment Research raised Realogy from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Realogy presently has an average rating of “Hold” and an average target price of $11.29.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE raised its holdings in Realogy by 140.1% during the 2nd quarter. US Bancorp DE now owns 3,642 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 2,125 shares during the last quarter. Versant Capital Management Inc raised its holdings in Realogy by 21,411.8% during the 2nd quarter. Versant Capital Management Inc now owns 3,657 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 3,640 shares during the last quarter. Parallel Advisors LLC bought a new position in Realogy during the 2nd quarter worth approximately $27,000. Signaturefd LLC raised its holdings in Realogy by 1,373.6% during the 2nd quarter. Signaturefd LLC now owns 4,082 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 3,805 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in Realogy during the 2nd quarter worth approximately $43,000.

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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