Realogy Holdings Corp. (NYSE:RLGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, July 27th.
According to Zacks, “Realogy Holdings Corp. is a provider of real estate services. The Company through its subsidiaries provides real estate brokerage services, relocation services, and title and settlement services. The Company’s brands and business units include Better Homes and Gardens(R) Real Estate, CENTURY 21(R), Coldwell Banker(R), Coldwell Banker Commercial(R), The Corcoran Group(R), ERA(R), Sotheby’s International Realty(R), NRT LLC, Cartus and Title Resource Group. Realogy Holdings Corp. is headquartered in Parsippany, New Jersey. “
RLGY has been the subject of several other reports. Barclays PLC reiterated an “underweight” rating on shares of Realogy Holdings Corp. in a report on Thursday, July 13th. BidaskClub upgraded Realogy Holdings Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Deutsche Bank AG upgraded Realogy Holdings Corp. from a “hold” rating to a “buy” rating and increased their price target for the company from $32.00 to $38.00 in a report on Friday, May 5th. Compass Point downgraded Realogy Holdings Corp. from a “buy” rating to a “neutral” rating and increased their price target for the company from $31.00 to $32.00 in a report on Tuesday, May 9th. Finally, TheStreet downgraded Realogy Holdings Corp. from a “b-” rating to a “c+” rating in a report on Wednesday, June 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Realogy Holdings Corp. has an average rating of “Buy” and an average price target of $35.56.
Realogy Holdings Corp. (RLGY) traded up 0.06% on Thursday, reaching $34.69. The company had a trading volume of 407,554 shares. Realogy Holdings Corp. has a 52-week low of $21.43 and a 52-week high of $35.18. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 20.22 and a beta of 1.40. The stock’s 50-day moving average price is $33.41 and its 200 day moving average price is $30.16.
Realogy Holdings Corp. (NYSE:RLGY) last announced 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 firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the firm earned $0.74 EPS. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities analysts anticipate that Realogy Holdings Corp. will post $1.71 earnings per share for the current fiscal year.
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In other news, SVP Timothy B. Gustavson sold 3,093 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $34.84, for a total transaction of $107,760.12. Following the transaction, the senior vice president now owns 8,705 shares of the company’s stock, valued at $303,282.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.
A number of institutional investors have recently modified their holdings of RLGY. New York State Teachers Retirement System boosted its position in shares of Realogy Holdings Corp. by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 12,800 shares of the financial services provider’s stock worth $329,000 after buying an additional 100 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Realogy Holdings Corp. by 304.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,276 shares of the financial services provider’s stock worth $161,000 after buying an additional 4,726 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Realogy Holdings Corp. by 25.1% in the fourth quarter. Teachers Advisors LLC now owns 189,215 shares of the financial services provider’s stock worth $4,869,000 after buying an additional 38,003 shares in the last quarter. Highbridge Capital Management LLC boosted its position in shares of Realogy Holdings Corp. by 1,399.9% in the fourth quarter. Highbridge Capital Management LLC now owns 337,528 shares of the financial services provider’s stock worth $8,684,000 after buying an additional 315,024 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Realogy Holdings Corp. by 81.3% in the first quarter. Bank of Montreal Can now owns 43,858 shares of the financial services provider’s stock worth $1,306,000 after buying an additional 19,664 shares in the last quarter.
About Realogy Holdings Corp.
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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