IFP Advisors Inc Grows Holdings in Realogy Holdings Corp. (RLGY)
IFP Advisors Inc raised its holdings in shares of Realogy Holdings Corp. (NYSE:RLGY) by 4,693.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,820 shares of the financial services provider’s stock after purchasing an additional 8,636 shares during the period. IFP Advisors Inc’s holdings in Realogy Holdings Corp. were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Federated Investors Inc. PA acquired a new position in Realogy Holdings Corp. during the 2nd quarter valued at about $101,000. Mckinley Capital Management LLC Delaware acquired a new position in Realogy Holdings Corp. during the 2nd quarter valued at about $119,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in Realogy Holdings Corp. by 310.0% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,100 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 3,100 shares during the period. PNC Financial Services Group Inc. lifted its position in Realogy Holdings Corp. by 2.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,136 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 86 shares during the period. Finally, Petrus Trust Company LTA acquired a new position in Realogy Holdings Corp. during the 2nd quarter valued at about $202,000.
Shares of Realogy Holdings Corp. (RLGY) opened at $27.01 on Tuesday. Realogy Holdings Corp. has a 52 week low of $21.43 and a 52 week high of $35.18. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $3,603.69, a P/E ratio of 16.84, a P/E/G ratio of 0.78 and a beta of 1.38.
Realogy Holdings Corp. (NYSE:RLGY) last posted its earnings results on Friday, November 3rd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.10). Realogy Holdings Corp. had a return on equity of 9.12% and a net margin of 3.86%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the company posted $0.74 earnings per share. Realogy Holdings Corp.’s revenue for the quarter was up 1.8% compared to the same quarter last year. analysts anticipate that Realogy Holdings Corp. will post 1.72 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $0.36 dividend on an annualized basis and a yield of 1.33%. Realogy Holdings Corp.’s payout ratio is 21.56%.
A number of analysts recently weighed in on the stock. BidaskClub downgraded shares of Realogy Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday. Citigroup Inc. cut their price target on shares of Realogy Holdings Corp. from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday. Piper Jaffray Companies reiterated a “buy” rating and issued a $33.00 price target on shares of Realogy Holdings Corp. in a research report on Friday. Zacks Investment Research downgraded shares of Realogy Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, Keefe, Bruyette & Woods downgraded shares of Realogy Holdings Corp. from an “outperform” rating to a “market perform” rating and set a $38.00 price target on the stock. in a research report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $34.22.
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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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