BlackRock Advisors LLC increased its stake in Realogy Holdings Corp. (NYSE:RLGY) by 230.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 627,216 shares of the company’s stock after buying an additional 437,363 shares during the period. BlackRock Advisors LLC owned about 0.43% of Realogy Holdings Corp. worth $18,202,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in Realogy Holdings Corp. during the second quarter valued at $218,000. Westpac Banking Corp increased its position in Realogy Holdings Corp. by 29.4% in the second quarter. Westpac Banking Corp now owns 7,889 shares of the company’s stock valued at $229,000 after buying an additional 1,794 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in Realogy Holdings Corp. by 3.6% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,612 shares of the company’s stock valued at $278,000 after buying an additional 333 shares during the last quarter. TD Asset Management Inc. increased its position in Realogy Holdings Corp. by 10.7% in the second quarter. TD Asset Management Inc. now owns 9,807 shares of the company’s stock valued at $285,000 after buying an additional 951 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in Realogy Holdings Corp. by 31.1% in the second quarter. Teacher Retirement System of Texas now owns 10,475 shares of the company’s stock valued at $304,000 after buying an additional 2,486 shares during the last quarter.
Realogy Holdings Corp. (NYSE:RLGY) opened at 25.75 on Wednesday. The stock has a market cap of $3.74 billion, a PE ratio of 22.57 and a beta of 1.33. The firm has a 50-day moving average of $26.59 and a 200-day moving average of $30.77. Realogy Holdings Corp. has a 1-year low of $25.39 and a 1-year high of $43.51.
Realogy Holdings Corp. (NYSE:RLGY) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.77 by $0.03. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Realogy Holdings Corp. had a return on equity of 10.22% and a net margin of 2.92%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 earnings per share. Analysts expect that Realogy Holdings Corp. will post $1.33 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 17th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Monday, August 15th. Realogy Holdings Corp.’s payout ratio is 31.58%.
Several research firms have recently weighed in on RLGY. Credit Suisse Group AG reiterated a “hold” rating on shares of Realogy Holdings Corp. in a research note on Tuesday, July 12th. Citigroup Inc. reiterated a “buy” rating and issued a $47.00 target price on shares of Realogy Holdings Corp. in a research note on Thursday, June 2nd. Compass Point reduced their target price on shares of Realogy Holdings Corp. from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, August 5th. Keefe, Bruyette & Woods upgraded shares of Realogy Holdings Corp. from a “market perform” rating to an “outperform” rating and set a $36.00 target price for the company in a research note on Monday, July 25th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and issued a $36.00 target price (down previously from $46.00) on shares of Realogy Holdings Corp. in a research note on Monday, August 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $37.75.
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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