Realogy Holdings Corp. (NYSE:RLGY) Lowered to “Hold” at Zacks Investment Research
Zacks Investment Research cut shares of Realogy Holdings Corp. (NYSE:RLGY) from a buy rating to a hold rating in a report published on Thursday, July 6th.
According to Zacks, “Realogy Holdings Corp. is a provider of real estate services. The Company through its subsidiaries provides real estate brokerage services, relocation services, and title and settlement services. The Company’s brands and business units include Better Homes and Gardens(R) Real Estate, CENTURY 21(R), Coldwell Banker(R), Coldwell Banker Commercial(R), The Corcoran Group(R), ERA(R), Sotheby’s International Realty(R), NRT LLC, Cartus and Title Resource Group. Realogy Holdings Corp. is headquartered in Parsippany, New Jersey. “
Other equities analysts have also recently issued reports about the stock. BidaskClub upgraded shares of Realogy Holdings Corp. from a hold rating to a buy rating in a research note on Tuesday, June 27th. TheStreet cut shares of Realogy Holdings Corp. from a b- rating to a c+ rating in a research note on Wednesday, June 7th. Deutsche Bank AG upgraded shares of Realogy Holdings Corp. from a hold rating to a buy rating and upped their price objective for the stock from $32.00 to $38.00 in a research report on Monday, May 15th. Compass Point cut shares of Realogy Holdings Corp. from a buy rating to a neutral rating and upped their price objective for the stock from $31.00 to $32.00 in a research report on Tuesday, May 9th. Finally, Piper Jaffray Companies restated an overweight rating and set a $40.00 price objective on shares of Realogy Holdings Corp. in a research report on Friday, March 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Realogy Holdings Corp. currently has a consensus rating of Hold and a consensus target price of $34.75.
Realogy Holdings Corp. (NYSE:RLGY) opened at 34.51 on Thursday. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 21.87 and a beta of 1.40. The company has a 50-day moving average of $32.38 and a 200-day moving average of $29.58. Realogy Holdings Corp. has a 1-year low of $21.43 and a 1-year high of $34.73.
Realogy Holdings Corp. (NYSE:RLGY) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.03. Realogy Holdings Corp. had a net margin of 4.06% and a return on equity of 9.52%. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the business posted $0.74 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. Analysts anticipate that Realogy Holdings Corp. will post $1.69 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Monday, August 14th. Realogy Holdings Corp.’s dividend payout ratio is currently 21.05%.
Several large investors have recently made changes to their positions in RLGY. Dimensional Fund Advisors LP raised its stake in shares of Realogy Holdings Corp. by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,488,937 shares of the financial services provider’s stock worth $38,311,000 after buying an additional 50,030 shares in the last quarter. Royce & Associates LP raised its position in shares of Realogy Holdings Corp. by 90.0% in the fourth quarter. Royce & Associates LP now owns 19,000 shares of the financial services provider’s stock valued at $489,000 after buying an additional 9,000 shares during the period. New York State Teachers Retirement System raised its position in shares of Realogy Holdings Corp. by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 12,800 shares of the financial services provider’s stock valued at $329,000 after buying an additional 100 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Realogy Holdings Corp. by 304.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,276 shares of the financial services provider’s stock valued at $161,000 after buying an additional 4,726 shares during the period. Finally, Thrivent Financial for Lutherans bought a new position in shares of Realogy Holdings Corp. during the fourth quarter valued at $3,572,000.
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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