Realogy Holdings Corp. (RLGY) Shares Sold by State of Wisconsin Investment Board
State of Wisconsin Investment Board cut its stake in shares of Realogy Holdings Corp. (NYSE:RLGY) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,440 shares of the company’s stock after selling 3,300 shares during the period. State of Wisconsin Investment Board owned approximately 0.10% of Realogy Holdings Corp. worth $3,632,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Oxford Asset Management increased its stake in Realogy Holdings Corp. by 52.0% in the second quarter. Oxford Asset Management now owns 505,497 shares of the company’s stock worth $14,670,000 after buying an additional 173,023 shares in the last quarter. Legal & General Group Plc increased its stake in Realogy Holdings Corp. by 13.4% in the first quarter. Legal & General Group Plc now owns 113,281 shares of the company’s stock worth $4,089,000 after buying an additional 13,393 shares in the last quarter. British Columbia Investment Management Corp increased its stake in Realogy Holdings Corp. by 1.0% in the second quarter. British Columbia Investment Management Corp now owns 57,127 shares of the company’s stock worth $1,658,000 after buying an additional 572 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Realogy Holdings Corp. during the first quarter worth $412,000. Finally, Quantitative Investment Management LLC increased its stake in Realogy Holdings Corp. by 418.2% in the second quarter. Quantitative Investment Management LLC now owns 105,200 shares of the company’s stock worth $3,052,000 after buying an additional 84,900 shares in the last quarter.
Shares of Realogy Holdings Corp. (NYSE:RLGY) traded down 0.25% during trading on Tuesday, reaching $24.34. The company’s stock had a trading volume of 1,363,949 shares. The stock’s 50 day moving average is $23.89 and its 200 day moving average is $27.51. Realogy Holdings Corp. has a one year low of $21.43 and a one year high of $41.65. The firm has a market cap of $3.47 billion, a P/E ratio of 21.77 and a beta of 1.38.
Realogy Holdings Corp. (NYSE:RLGY) last announced its earnings results on Friday, November 4th. The company reported $0.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by $0.02. Realogy Holdings Corp. had a return on equity of 10.01% and a net margin of 2.86%. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the firm earned $0.74 earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities analysts forecast that Realogy Holdings Corp. will post $1.29 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 17th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, November 15th. This represents a $0.36 annualized dividend and a yield of 1.48%. Realogy Holdings Corp.’s dividend payout ratio (DPR) is 31.86%.
A number of analysts have weighed in on the stock. Evercore ISI assumed coverage on shares of Realogy Holdings Corp. in a research report on Monday, November 14th. They set a “hold” rating and a $26.00 target price for the company. Zacks Investment Research cut Realogy Holdings Corp. from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 2nd. Wedbush began coverage on Realogy Holdings Corp. in a report on Wednesday, October 5th. They set a “neutral” rating and a $28.50 price target on the stock. Piper Jaffray Cos. restated an “overweight” rating and set a $36.00 price target on shares of Realogy Holdings Corp. in a report on Tuesday, August 30th. Finally, Citigroup Inc. cut their price target on Realogy Holdings Corp. from $47.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $35.65.
In other Realogy Holdings Corp. news, CEO Richard A. Smith bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The shares were purchased at an average cost of $24.19 per share, for a total transaction of $120,950.00. Following the purchase, the chief executive officer now directly owns 413,311 shares in the company, valued at $9,997,993.09. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.
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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