Great Lakes Advisors LLC bought a new position in Realogy Holdings Corp (NYSE:RLGY) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,967 shares of the financial services provider’s stock, valued at approximately $299,000.
Other large investors also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new position in Realogy in the first quarter worth $180,000. Fuller & Thaler Asset Management Inc. purchased a new position in Realogy in the fourth quarter worth $175,000. State of Alaska Department of Revenue purchased a new position in Realogy in the fourth quarter worth $209,000. Fox Run Management L.L.C. purchased a new position in Realogy in the fourth quarter worth $282,000. Finally, Landscape Capital Management L.L.C. grew its position in Realogy by 39.8% in the fourth quarter. Landscape Capital Management L.L.C. now owns 12,681 shares of the financial services provider’s stock worth $336,000 after acquiring an additional 3,608 shares in the last quarter.
Several brokerages recently issued reports on RLGY. Zacks Investment Research lowered shares of Realogy from a “buy” rating to a “hold” rating in a research report on Saturday, May 5th. Stephens restated a “buy” rating and set a $33.00 price target on shares of Realogy in a research report on Friday, February 23rd. ValuEngine lowered shares of Realogy from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Barclays cut their price target on shares of Realogy from $24.00 to $21.00 and set an “underweight” rating for the company in a research report on Wednesday, February 28th. Finally, Deutsche Bank set a $35.00 price target on shares of Realogy and gave the company a “buy” rating in a research report on Wednesday, February 28th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $32.33.
Realogy opened at $24.54 on Friday, according to MarketBeat.com. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.42. Realogy Holdings Corp has a 12-month low of $23.51 and a 12-month high of $35.18. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 0.66 and a beta of 1.18.
Realogy (NYSE:RLGY) last posted its quarterly earnings results on Thursday, May 3rd. The financial services provider reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.04). The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Realogy had a net margin of 6.38% and a return on equity of 7.65%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.17) earnings per share. sell-side analysts predict that Realogy Holdings Corp will post 1.86 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 30th. Stockholders of record on Wednesday, May 16th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Tuesday, May 15th. Realogy’s dividend payout ratio (DPR) is 22.93%.
Realogy declared that its Board of Directors has approved a stock repurchase plan on Tuesday, February 27th that permits the company to buyback $350.00 million in shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication 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.