Realogy Holdings Corp. (RLGY) Shares Sold by GMT Capital Corp
GMT Capital Corp lessened its holdings in shares of Realogy Holdings Corp. (NYSE:RLGY) by 19.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,108,100 shares of the financial services provider’s stock after selling 510,600 shares during the quarter. Realogy Holdings Corp. accounts for about 1.5% of GMT Capital Corp’s investment portfolio, making the stock its 21st largest holding. GMT Capital Corp owned approximately 1.55% of Realogy Holdings Corp. worth $68,745,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. grew its position in shares of Realogy Holdings Corp. by 2,352.2% during the first quarter. BlackRock Inc. now owns 6,789,662 shares of the financial services provider’s stock worth $202,264,000 after buying an additional 6,512,779 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Realogy Holdings Corp. during the first quarter worth approximately $44,039,000. FMR LLC grew its position in shares of Realogy Holdings Corp. by 10.1% during the second quarter. FMR LLC now owns 12,344,949 shares of the financial services provider’s stock worth $400,594,000 after buying an additional 1,131,699 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Realogy Holdings Corp. by 83.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,286,364 shares of the financial services provider’s stock worth $41,743,000 after buying an additional 586,928 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Realogy Holdings Corp. by 95.0% during the second quarter. American Century Companies Inc. now owns 1,098,732 shares of the financial services provider’s stock worth $35,654,000 after buying an additional 535,241 shares in the last quarter.
Several equities analysts recently issued reports on the company. TheStreet cut Realogy Holdings Corp. from a “b-” rating to a “c+” rating in a research note on Wednesday, June 7th. BidaskClub upgraded Realogy Holdings Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research upgraded Realogy Holdings Corp. from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Wednesday, July 5th. Wedbush raised their price objective on Realogy Holdings Corp. from $32.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 12th. Finally, Barclays PLC restated an “underweight” rating on shares of Realogy Holdings Corp. in a research note on Thursday, July 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $34.75.
Realogy Holdings Corp. (NYSE:RLGY) traded up 1.374% on Thursday, reaching $33.575. The company had a trading volume of 314,693 shares. The company’s 50 day moving average price is $34.11 and its 200-day moving average price is $31.40. Realogy Holdings Corp. has a 12 month low of $21.43 and a 12 month high of $35.18. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 19.566 and a beta of 1.39.
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, beating the consensus estimate of $0.74 by $0.03. Realogy Holdings Corp. had a return on equity of 9.53% and a net margin of 4.06%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the firm posted $0.74 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts predict that Realogy Holdings Corp. will post $1.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th were issued a $0.09 dividend. The ex-dividend date was Monday, August 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.09%. Realogy Holdings Corp.’s dividend payout ratio is presently 21.05%.
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In related news, SVP Timothy B. Gustavson sold 3,093 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $34.84, for a total value of $107,760.12. Following the completion of the sale, the senior vice president now owns 8,705 shares in the company, valued at $303,282.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.80% 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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