Schroder Investment Management Group acquired a new stake in Realogy Holdings Corp (NYSE:RLGY) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 37,240 shares of the financial services provider’s stock, valued at approximately $987,000.
A number of other large investors also recently modified their holdings of the stock. Prudential Financial Inc. lifted its stake in shares of Realogy by 355.5% in the third quarter. Prudential Financial Inc. now owns 33,570 shares of the financial services provider’s stock valued at $1,106,000 after buying an additional 26,200 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Realogy by 28.7% during the third quarter. Cubist Systematic Strategies LLC now owns 43,425 shares of the financial services provider’s stock valued at $1,431,000 after purchasing an additional 9,677 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Realogy during the third quarter valued at about $811,000. California Public Employees Retirement System lifted its position in shares of Realogy by 6.8% during the third quarter. California Public Employees Retirement System now owns 338,067 shares of the financial services provider’s stock valued at $11,139,000 after purchasing an additional 21,667 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Realogy by 4.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,684,284 shares of the financial services provider’s stock worth $44,711,000 after buying an additional 74,604 shares during the last quarter.
Several equities analysts have recently weighed in on RLGY shares. Stephens reiterated a “buy” rating and issued a $33.00 target price on shares of Realogy in a research note on Friday, February 23rd. Deutsche Bank set a $35.00 target price on shares of Realogy and gave the company a “buy” rating in a research report on Wednesday, February 28th. TheStreet lowered shares of Realogy from a “b-” rating to a “c+” rating in a report on Monday, January 8th. Piper Jaffray Companies restated a “buy” rating and issued a $36.00 price objective on shares of Realogy in a report on Friday, December 22nd. Finally, Barclays decreased their target price on shares of Realogy from $24.00 to $21.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 28th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Realogy has an average rating of “Hold” and a consensus target price of $33.60.
Shares of Realogy Holdings Corp (RLGY) traded down $0.24 on Wednesday, reaching $26.48. The company had a trading volume of 1,079,094 shares, compared to its average volume of 1,944,751. Realogy Holdings Corp has a 12 month low of $23.86 and a 12 month high of $35.18. The company has a market capitalization of $3,469.82, a P/E ratio of 8.46, a PEG ratio of 0.70 and a beta of 1.30. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.80 and a current ratio of 0.80.
Realogy (NYSE:RLGY) last announced its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. Realogy had a return on equity of 8.74% and a net margin of 7.05%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the firm posted $0.40 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. sell-side analysts anticipate that Realogy Holdings Corp will post 1.9 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Monday, March 12th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, March 9th. Realogy’s dividend payout ratio (DPR) is 11.39%.
Realogy declared that its Board of Directors has initiated a share buyback plan on Tuesday, February 27th that authorizes the company to repurchase $350.00 million in shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
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.
Receive News & Ratings for Realogy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realogy and related companies with MarketBeat.com's FREE daily email newsletter.