Shares of RE/MAX Holdings, Inc. (NYSE:RMAX) reached a new 52-week low on Thursday . The stock traded as low as $50.75 and last traded at $51.70, with a volume of 116600 shares trading hands. The stock had previously closed at $52.60.

Several analysts have weighed in on the stock. J P Morgan Chase & Co lowered shares of RE/MAX from a “neutral” rating to an “underweight” rating and set a $51.00 target price for the company. in a research note on Friday. Zacks Investment Research upgraded shares of RE/MAX from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Wednesday, November 22nd. Piper Jaffray Companies reiterated a “buy” rating and set a $69.00 target price on shares of RE/MAX in a research note on Wednesday, November 1st. BidaskClub lowered shares of RE/MAX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 1st. Finally, Craig Hallum assumed coverage on shares of RE/MAX in a research note on Wednesday, August 30th. They set a “buy” rating and a $75.00 target price for the company. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $61.43.

The stock has a market cap of $914.88, a PE ratio of 28.25, a P/E/G ratio of 3.86 and a beta of 0.80. The company has a debt-to-equity ratio of 3.29, a current ratio of 10.83 and a quick ratio of 10.83.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, November 14th. This represents a $0.72 annualized dividend and a dividend yield of 1.55%. RE/MAX’s dividend payout ratio is currently 54.96%.

Several institutional investors have recently added to or reduced their stakes in the company. Suntrust Banks Inc. lifted its holdings in RE/MAX by 0.5% in the second quarter. Suntrust Banks Inc. now owns 8,606 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 45 shares during the period. Stifel Financial Corp lifted its holdings in RE/MAX by 0.3% in the second quarter. Stifel Financial Corp now owns 23,419 shares of the financial services provider’s stock worth $1,313,000 after purchasing an additional 61 shares during the period. Texas Permanent School Fund lifted its holdings in RE/MAX by 1.1% in the second quarter. Texas Permanent School Fund now owns 12,921 shares of the financial services provider’s stock worth $724,000 after purchasing an additional 140 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in RE/MAX by 2.1% in the second quarter. The Manufacturers Life Insurance Company now owns 13,713 shares of the financial services provider’s stock worth $768,000 after purchasing an additional 276 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its holdings in RE/MAX by 0.7% in the second quarter. TIAA CREF Investment Management LLC now owns 48,336 shares of the financial services provider’s stock worth $2,709,000 after purchasing an additional 315 shares during the period.

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About RE/MAX

RE/MAX Holdings, Inc is a franchisor in the real estate industry, franchising real estate brokerages around the world under the RE/MAX brand and mortgage brokerages within the United States under the Motto Mortgage brand. The Company is a franchised business, with all of the RE/MAX branded brokerage office locations being operated by franchisees, including RE/MAX, LLC, which owns the RE/MAX brand, and sells franchises and franchising rights; Independent Regional Franchise Owner, which owns rights to sell brokerage franchises in a specified region; Franchisee (or Broker-Owner), which operates a RE/MAX-branded brokerage office, lists properties and recruits agents, and Agent (or Sales Associate), including branded independent contractors operating out of local franchise brokerage offices.

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