Tower Research Capital LLC TRC increased its holdings in Realogy Holdings Corp (NYSE:RLGY) by 748.6% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 19,823 shares of the financial services provider’s stock after buying an additional 17,487 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Realogy were worth $452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RLGY. Pzena Investment Management LLC increased its holdings in Realogy by 996.9% in the 2nd quarter. Pzena Investment Management LLC now owns 3,057,328 shares of the financial services provider’s stock worth $69,707,000 after buying an additional 2,778,604 shares in the last quarter. Okumus Fund Management Ltd. increased its holdings in Realogy by 43.3% in the 1st quarter. Okumus Fund Management Ltd. now owns 8,227,926 shares of the financial services provider’s stock worth $224,458,000 after buying an additional 2,484,565 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Realogy by 36.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,522,809 shares of the financial services provider’s stock worth $148,721,000 after buying an additional 1,750,240 shares in the last quarter. EdgePoint Investment Group Inc. boosted its position in Realogy by 12.9% in the second quarter. EdgePoint Investment Group Inc. now owns 15,200,848 shares of the financial services provider’s stock worth $346,579,000 after purchasing an additional 1,737,469 shares during the last quarter. Finally, Magnolia Group LLC purchased a new position in Realogy in the second quarter worth about $26,217,000.

Shares of NYSE:RLGY opened at $20.00 on Wednesday. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 0.56 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.56 and a current ratio of 0.56. Realogy Holdings Corp has a 52-week low of $19.57 and a 52-week high of $35.00.

Realogy (NYSE:RLGY) last posted its quarterly earnings data on Friday, August 3rd. The financial services provider reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.01. Realogy had a return on equity of 8.32% and a net margin of 6.58%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the firm earned $0.78 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. equities analysts anticipate that Realogy Holdings Corp will post 1.84 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 30th. Stockholders of record on Thursday, August 16th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, August 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.80%. Realogy’s payout ratio is currently 22.93%.

Separately, Zacks Investment Research raised Realogy from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $31.75.

Realogy 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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Institutional Ownership by Quarter for Realogy (NYSE:RLGY)

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