Brown Advisory Inc. Trims Stake in Realogy Holdings Corp (RLGY)
Brown Advisory Inc. lessened its holdings in shares of Realogy Holdings Corp (NYSE:RLGY) by 8.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,275 shares of the financial services provider’s stock after selling 3,275 shares during the quarter. Brown Advisory Inc.’s holdings in Realogy were worth $1,129,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of RLGY. Bank of Montreal Can lifted its position in shares of Realogy by 6.7% during the second quarter. Bank of Montreal Can now owns 46,814 shares of the financial services provider’s stock worth $1,519,000 after purchasing an additional 2,956 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Realogy by 22.9% in the second quarter. Acadian Asset Management LLC now owns 14,666 shares of the financial services provider’s stock valued at $476,000 after acquiring an additional 2,732 shares in the last quarter. NGAM Advisors L.P. raised its holdings in Realogy by 7.9% in the second quarter. NGAM Advisors L.P. now owns 38,054 shares of the financial services provider’s stock valued at $1,235,000 after acquiring an additional 2,781 shares in the last quarter. Sei Investments Co. raised its holdings in Realogy by 120.5% in the second quarter. Sei Investments Co. now owns 46,429 shares of the financial services provider’s stock valued at $1,507,000 after acquiring an additional 25,376 shares in the last quarter. Finally, Global X Management Co. LLC acquired a new stake in Realogy in the second quarter valued at approximately $1,009,000.
Realogy Holdings Corp (NYSE:RLGY) traded down $0.07 during mid-day trading on Friday, reaching $27.53. 2,410,000 shares of the company’s stock were exchanged, compared to its average volume of 1,730,954. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.41. Realogy Holdings Corp has a 12 month low of $25.14 and a 12 month high of $35.18. The firm has a market capitalization of $3,715.42, a PE ratio of 17.36, a P/E/G ratio of 0.89 and a beta of 1.32.
Realogy (NYSE:RLGY) last released its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.10). Realogy had a return on equity of 9.08% and a net margin of 3.86%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the business posted $0.74 EPS. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. equities analysts predict that Realogy Holdings Corp will post 1.55 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th were issued a dividend of $0.09 per share. The ex-dividend date was Wednesday, November 15th. This represents a $0.36 dividend on an annualized basis and a yield of 1.31%. Realogy’s payout ratio is currently 21.56%.
In related news, Director Duncan L. Niederauer acquired 5,000 shares of the business’s stock in a transaction on Monday, November 27th. The shares were bought at an average price of $26.47 per share, with a total value of $132,350.00. Following the completion of the acquisition, the director now owns 25,141 shares in the company, valued at $665,482.27. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is currently owned by company insiders.
Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Realogy from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. J P Morgan Chase & Co reduced their target price on shares of Realogy to $30.00 and set a “neutral” rating on the stock in a report on Wednesday. BidaskClub raised shares of Realogy from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Citigroup reduced their target price on shares of Realogy from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, November 6th. Finally, Keefe, Bruyette & Woods cut shares of Realogy from an “outperform” rating to a “market perform” rating and set a $38.00 target price on the stock. in a report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $34.67.
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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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