Realogy Holdings Corp. (NYSE:RLGY) Given Consensus Recommendation of “Hold” by Analysts
Shares of Realogy Holdings Corp. (NYSE:RLGY) have been given a consensus recommendation of “Hold” by the eleven research firms that are covering the firm. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $38.17.
RLGY has been the topic of several research analyst reports. Citigroup Inc. reaffirmed a “buy” rating and issued a $47.00 price target on shares of Realogy Holdings Corp. in a research report on Thursday, June 2nd. Credit Suisse Group AG raised Realogy Holdings Corp. from an “underperform” rating to a “neutral” rating and lowered their price target for the company from $39.00 to $36.00 in a research report on Wednesday, June 1st. Keefe, Bruyette & Woods raised Realogy Holdings Corp. from a “market perform” rating to an “outperform” rating and set a $36.00 price target on the stock in a research report on Monday, July 25th. Zacks Investment Research downgraded Realogy Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Finally, Stephens raised Realogy Holdings Corp. from an “equal weight” rating to an “overweight” rating and set a $37.00 price target on the stock in a research report on Tuesday, July 12th.
Shares of Realogy Holdings Corp. (NYSE:RLGY) traded up 1.463% during midday trading on Monday, hitting $26.015. The stock had a trading volume of 474,511 shares. 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 $3.77 billion, a price-to-earnings ratio of 22.800 and a beta of 1.33. The firm has a 50-day moving average price of $27.64 and a 200-day moving average price of $31.34.
Realogy Holdings Corp. (NYSE:RLGY) last posted its earnings results on Thursday, August 4th. The company reported $0.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by $0.03. Realogy Holdings Corp. had a net margin of 2.92% and a return on equity of 10.22%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the business earned $0.66 earnings per share. Realogy Holdings Corp.’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts anticipate that Realogy Holdings Corp. will post $1.33 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 17th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Monday, August 15th. Realogy Holdings Corp.’s payout ratio is 31.58%.
A number of large investors have recently added to or reduced their stakes in RLGY. Marcato Capital Management LP bought a new stake in Realogy Holdings Corp. during the first quarter worth $59,040,000. Goldentree Asset Management LP bought a new stake in Realogy Holdings Corp. during the first quarter worth $26,077,000. State Street Corp increased its stake in Realogy Holdings Corp. by 3.7% in the first quarter. State Street Corp now owns 2,490,818 shares of the company’s stock worth $89,943,000 after buying an additional 88,604 shares during the last quarter. Geode Capital Management LLC increased its stake in Realogy Holdings Corp. by 5.3% in the first quarter. Geode Capital Management LLC now owns 899,872 shares of the company’s stock worth $32,476,000 after buying an additional 45,670 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Realogy Holdings Corp. by 3.7% in the first quarter. Renaissance Technologies LLC now owns 1,216,500 shares of the company’s stock worth $43,928,000 after buying an additional 43,500 shares during the last quarter.
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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