Realogy (NYSE:RLGY) had its price target cut by J P Morgan Chase & Co to $30.00 in a report issued on Wednesday. They currently have a neutral rating on the financial services provider’s stock.

Other research analysts also recently issued reports about the company. BidaskClub downgraded Realogy from a buy rating to a hold rating in a report on Wednesday, September 6th. Deutsche Bank set a $42.00 price target on Realogy and gave the company a buy rating in a report on Tuesday, August 8th. Keefe, Bruyette & Woods downgraded Realogy from an outperform rating to a market perform rating and set a $38.00 price target for the company. in a report on Tuesday, October 10th. TheStreet raised Realogy from a c+ rating to a b rating in a report on Wednesday, August 9th. Finally, Citigroup decreased their price target on Realogy from $40.00 to $37.00 and set a buy rating for the company in a report on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $34.67.

Realogy (NYSE RLGY) opened at $27.53 on Wednesday. Realogy has a twelve month low of $25.14 and a twelve month high of $35.18. The stock has a market capitalization of $3,715.42, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.94 and a quick ratio of 0.94.

Realogy (NYSE:RLGY) last announced its quarterly earnings results on Friday, November 3rd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.10). Realogy had a net margin of 3.86% and a return on equity of 9.08%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the firm posted $0.74 earnings per share. The company’s revenue was up 1.8% compared to the same quarter last year. equities research analysts predict that Realogy will post 1.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Wednesday, November 15th. Realogy’s payout ratio is 21.56%.

In other Realogy news, Director Duncan L. Niederauer bought 5,000 shares of Realogy stock in a transaction dated Monday, November 27th. The stock was acquired at an average cost of $26.47 per share, with a total value of $132,350.00. Following the purchase, the director now directly owns 25,141 shares in the company, valued at approximately $665,482.27. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.80% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. FMR LLC raised its stake in shares of Realogy by 10.1% during the 2nd 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 during the period. JPMorgan Chase & Co. raised its stake in shares of Realogy by 3.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,586,764 shares of the financial services provider’s stock worth $116,390,000 after buying an additional 115,408 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Realogy by 9.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,202,554 shares of the financial services provider’s stock worth $72,578,000 after buying an additional 185,517 shares during the period. APG Asset Management N.V. raised its stake in shares of Realogy by 55.7% during the 3rd quarter. APG Asset Management N.V. now owns 1,785,900 shares of the financial services provider’s stock worth $58,845,000 after buying an additional 639,000 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Realogy by 25.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,609,680 shares of the financial services provider’s stock worth $53,039,000 after buying an additional 323,316 shares during the period.

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About Realogy

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.

Analyst Recommendations for Realogy (NYSE:RLGY)

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