Realogy Holdings Corp. (RLGY) Shares Sold by Engineers Gate Manager LP
Engineers Gate Manager LP lowered its holdings in Realogy Holdings Corp. (NYSE:RLGY) by 23.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,623 shares of the financial services provider’s stock after selling 28,511 shares during the period. Engineers Gate Manager LP owned about 0.07% of Realogy Holdings Corp. worth $3,038,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Vivaldi Asset Management LLC purchased a new position in Realogy Holdings Corp. in the second quarter worth $4,930,000. JPMorgan Chase & Co. boosted its position in Realogy Holdings Corp. by 3.3% in the second quarter. JPMorgan Chase & Co. now owns 3,586,764 shares of the financial services provider’s stock worth $116,390,000 after purchasing an additional 115,408 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in Realogy Holdings Corp. in the second quarter worth $270,000. Chicago Equity Partners LLC purchased a new position in Realogy Holdings Corp. in the second quarter worth $870,000. Finally, ARGA Investment Management LP boosted its position in Realogy Holdings Corp. by 93.2% in the second quarter. ARGA Investment Management LP now owns 54,100 shares of the financial services provider’s stock worth $1,756,000 after purchasing an additional 26,100 shares during the last quarter.
Shares of Realogy Holdings Corp. (NYSE RLGY) opened at 33.48 on Friday. The firm has a 50 day moving average price of $33.98 and a 200 day moving average price of $31.04. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 19.51 and a beta of 1.39. Realogy Holdings Corp. has a 52 week low of $21.43 and a 52 week high of $35.18.
Realogy Holdings Corp. (NYSE:RLGY) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.73 billion. Realogy Holdings Corp. had a return on equity of 9.53% and a net margin of 4.06%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 earnings per share. Equities analysts forecast that Realogy Holdings Corp. will post $1.73 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Monday, August 14th. Realogy Holdings Corp.’s payout ratio is presently 21.05%.
In other news, SVP Timothy B. Gustavson sold 3,093 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $34.84, for a total transaction of $107,760.12. Following the transaction, the senior vice president now directly owns 8,705 shares of the company’s stock, valued at $303,282.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.
Several research firms have weighed in on RLGY. Deutsche Bank AG set a $42.00 price objective on Realogy Holdings Corp. and gave the stock a “buy” rating in a research report on Tuesday, August 8th. BidaskClub upgraded Realogy Holdings Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $38.00 target price on shares of Realogy Holdings Corp. in a research note on Thursday, August 10th. Piper Jaffray Companies restated a “buy” rating and issued a $40.00 target price on shares of Realogy Holdings Corp. in a research note on Friday, August 4th. Finally, Barclays PLC boosted their target price on Realogy Holdings Corp. from $23.00 to $24.00 and gave the company an “underweight” rating in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $34.63.
Realogy Holdings Corp. 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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