Global X MANAGEMENT CO LLC Reduces Position in Realogy Holdings Corp. (RLGY)
Global X MANAGEMENT CO LLC decreased its stake in Realogy Holdings Corp. (NYSE:RLGY) by 14.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,561 shares of the financial services provider’s stock after selling 4,548 shares during the period. Global X MANAGEMENT CO LLC’s holdings in Realogy Holdings Corp. were worth $875,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of RLGY. BlackRock Inc. lifted its stake in Realogy Holdings Corp. by 2,352.2% in the 1st quarter. BlackRock Inc. now owns 6,789,662 shares of the financial services provider’s stock valued at $202,264,000 after purchasing an additional 6,512,779 shares during the last quarter. FMR LLC lifted its stake in Realogy Holdings Corp. by 10.1% in the 2nd quarter. FMR LLC now owns 12,344,949 shares of the financial services provider’s stock valued at $400,594,000 after purchasing an additional 1,131,699 shares during the last quarter. Old Mutual Global Investors UK Ltd. bought a new position in Realogy Holdings Corp. in the 3rd quarter valued at approximately $24,875,000. APG Asset Management N.V. lifted its stake in Realogy Holdings Corp. by 55.7% in the 3rd quarter. APG Asset Management N.V. now owns 1,785,900 shares of the financial services provider’s stock valued at $58,845,000 after purchasing an additional 639,000 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Realogy Holdings Corp. by 83.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,286,364 shares of the financial services provider’s stock valued at $41,743,000 after purchasing an additional 586,928 shares during the last quarter.
Several equities analysts have recently issued reports on RLGY shares. Deutsche Bank AG set a $42.00 price target on shares of Realogy Holdings Corp. and gave the company a “buy” rating in a research note on Tuesday, August 8th. BidaskClub raised shares of Realogy Holdings Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $38.00 price target on shares of Realogy Holdings Corp. in a research note on Thursday, August 10th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $40.00 price target on shares of Realogy Holdings Corp. in a research note on Friday, August 4th. Finally, Barclays PLC raised their price target on shares of Realogy Holdings Corp. from $23.00 to $24.00 and gave the company an “underweight” rating in a research note on Friday, August 4th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Realogy Holdings Corp. currently has a consensus rating of “Hold” and a consensus target price of $35.25.
Shares of Realogy Holdings Corp. (NYSE RLGY) opened at $26.06 on Thursday. Realogy Holdings Corp. has a 12-month low of $23.43 and a 12-month high of $35.18. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $3,517.53, a price-to-earnings ratio of 16.43, a PEG ratio of 0.85 and a beta of 1.38.
Realogy Holdings Corp. (NYSE:RLGY) last posted its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.10). Realogy Holdings Corp. had a return on equity of 9.08% and a net margin of 3.86%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the company earned $0.74 earnings per share. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. research analysts anticipate that Realogy Holdings Corp. will post 1.53 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, November 15th. Realogy Holdings Corp.’s dividend payout ratio (DPR) is presently 21.56%.
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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