Shares of Realogy Holdings Corp. (NYSE:RLGY) have been given an average rating of “Hold” by the eleven brokerages that are covering the stock. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $38.17.
Several brokerages have recently commented on RLGY. Credit Suisse Group AG raised Realogy Holdings Corp. from an “underperform” rating to a “neutral” rating and decreased their target price for the stock from $39.00 to $36.00 in a research report on Wednesday, June 1st. Zacks Investment Research cut Realogy Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $36.00 target price (down previously from $46.00) on shares of Realogy Holdings Corp. in a research report on Monday, August 8th. Citigroup Inc. reaffirmed a “buy” rating and issued a $47.00 target price on shares of Realogy Holdings Corp. in a research report on Thursday, June 2nd. Finally, Compass Point decreased their target price on Realogy Holdings Corp. from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, August 5th.
Several hedge funds have recently made changes to their positions in RLGY. Norges Bank bought a new stake in shares of Realogy Holdings Corp. during the fourth quarter worth $38,815,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Realogy Holdings Corp. by 11.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 46,753 shares of the company’s stock worth $1,688,000 after buying an additional 4,756 shares in the last quarter. PM CAPITAL Ltd bought a new stake in shares of Realogy Holdings Corp. during the first quarter worth $41,487,000. Nisa Investment Advisors L.L.C. bought a new stake in shares of Realogy Holdings Corp. during the first quarter worth $1,221,000. Finally, Teachers Advisors Inc. boosted its stake in shares of Realogy Holdings Corp. by 8.9% in the first quarter. Teachers Advisors Inc. now owns 138,946 shares of the company’s stock worth $5,017,000 after buying an additional 11,390 shares in the last quarter.
Shares of Realogy Holdings Corp. (NYSE:RLGY) opened at 25.69 on Monday. Realogy Holdings Corp. has a 1-year low of $25.39 and a 1-year high of $43.51. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 22.52 and a beta of 1.33. The stock has a 50 day moving average price of $26.66 and a 200-day moving average price of $30.93.
Realogy Holdings Corp. (NYSE:RLGY) last issued its earnings results on Thursday, August 4th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by $0.03. The company earned $1.66 billion during the quarter, compared to analyst estimates of $1.71 billion. Realogy Holdings Corp. had a return on equity of 10.22% and a net margin of 2.92%. The business’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 earnings per share. On average, equities research analysts expect that Realogy Holdings Corp. will post $1.33 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 17th were given a $0.09 dividend. The ex-dividend date was Monday, August 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.40%. Realogy Holdings Corp.’s dividend payout ratio is currently 31.58%.
About Realogy Holdings Corp.
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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