Shares of RE/MAX Holdings, Inc. (NYSE:RMAX) hit a new 52-week low during trading on Thursday . The stock traded as low as $50.75 and last traded at $51.70, with a volume of 116600 shares trading hands. The stock had previously closed at $52.60.

RMAX has been the topic of several recent analyst reports. BidaskClub downgraded RE/MAX from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 17th. Craig Hallum initiated coverage on RE/MAX in a research note on Wednesday, August 30th. They set a “buy” rating and a $75.00 target price on the stock. Piper Jaffray Companies initiated coverage on RE/MAX in a research note on Thursday, September 28th. They set an “overweight” rating and a $69.00 target price on the stock. Finally, Zacks Investment Research downgraded RE/MAX from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $63.17.

The company has a market capitalization of $930.81, a price-to-earnings ratio of 28.74, a P/E/G ratio of 3.93 and a beta of 0.80. The company has a debt-to-equity ratio of 3.29, a current ratio of 10.83 and a quick ratio of 10.83.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th were issued a $0.18 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $0.72 dividend on an annualized basis and a yield of 1.42%. RE/MAX’s dividend payout ratio is currently 54.96%.

A number of institutional investors have recently made changes to their positions in RMAX. Victory Capital Management Inc. raised its holdings in RE/MAX by 17.5% in the 2nd quarter. Victory Capital Management Inc. now owns 3,150 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 470 shares during the period. Sei Investments Co. raised its holdings in RE/MAX by 36.3% during the second quarter. Sei Investments Co. now owns 3,410 shares of the financial services provider’s stock valued at $192,000 after acquiring an additional 909 shares during the period. Aperio Group LLC bought a new stake in RE/MAX during the second quarter valued at about $211,000. PEAK6 Investments L.P. raised its holdings in RE/MAX by 66.5% during the third quarter. PEAK6 Investments L.P. now owns 3,320 shares of the financial services provider’s stock valued at $211,000 after acquiring an additional 1,326 shares during the period. Finally, Piedmont Investment Advisors LLC bought a new stake in RE/MAX during the second quarter valued at about $215,000.

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RE/MAX Company Profile

RE/MAX Holdings, Inc is a franchisor in the real estate industry, franchising real estate brokerages around the world under the RE/MAX brand and mortgage brokerages within the United States under the Motto Mortgage brand. The Company is a franchised business, with all of the RE/MAX branded brokerage office locations being operated by franchisees, including RE/MAX, LLC, which owns the RE/MAX brand, and sells franchises and franchising rights; Independent Regional Franchise Owner, which owns rights to sell brokerage franchises in a specified region; Franchisee (or Broker-Owner), which operates a RE/MAX-branded brokerage office, lists properties and recruits agents, and Agent (or Sales Associate), including branded independent contractors operating out of local franchise brokerage offices.

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