Realogy Holdings Corp. (NYSE:RLGY) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b” rating in a report released on Wednesday.
RLGY has been the topic of a number of other research reports. Deutsche Bank AG raised Realogy Holdings Corp. from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $32.00 to $38.00 in a research note on Friday, May 5th. Compass Point downgraded Realogy Holdings Corp. from a “buy” rating to a “neutral” rating and boosted their target price for the company from $31.00 to $32.00 in a research report on Tuesday, May 9th. 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 report on Friday, August 4th. Zacks Investment Research downgraded Realogy Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, BidaskClub downgraded Realogy Holdings Corp. from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $35.56.
Shares of Realogy Holdings Corp. (RLGY) traded down 1.02% during mid-day trading on Wednesday, reaching $33.88. The company’s stock had a trading volume of 1,117,787 shares. Realogy Holdings Corp. has a 12-month low of $21.43 and a 12-month high of $35.18. The company’s 50-day moving average price is $33.17 and its 200-day moving average price is $29.92. The stock has a market capitalization of $4.62 billion, a P/E ratio of 19.74 and a beta of 1.40.
Realogy Holdings Corp. (NYSE:RLGY) last released its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ 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 the consensus estimate of $1.73 billion. During the same quarter in the previous year, the company posted $0.74 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast that Realogy Holdings Corp. will post $1.71 earnings per share for the current fiscal year.
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 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 approximately $303,282.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its position in shares of Realogy Holdings Corp. by 18.6% in the first quarter. Russell Investments Group Ltd. now owns 1,269,678 shares of the financial services provider’s stock valued at $37,823,000 after buying an additional 199,124 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Realogy Holdings Corp. during the first quarter valued at about $536,000. River Road Asset Management LLC raised its position in shares of Realogy Holdings Corp. by 2.6% in the first quarter. River Road Asset Management LLC now owns 629,618 shares of the financial services provider’s stock valued at $18,756,000 after buying an additional 15,728 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in shares of Realogy Holdings Corp. by 52.0% in the first quarter. Glen Harbor Capital Management LLC now owns 178,296 shares of the financial services provider’s stock valued at $5,312,000 after buying an additional 60,962 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. raised its position in shares of Realogy Holdings Corp. by 24.4% in the first quarter. Independent Portfolio Consultants Inc. now owns 7,815 shares of the financial services provider’s stock valued at $233,000 after buying an additional 1,535 shares in the last quarter.
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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