Gator Capital Management LLC decreased its holdings in Realogy Holdings Corp (NYSE:RLGY) by 58.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,494 shares of the financial services provider’s stock after selling 19,000 shares during the quarter. Gator Capital Management LLC’s holdings in Realogy were worth $368,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in RLGY. Okumus Fund Management Ltd. acquired a new position in shares of Realogy in the fourth quarter worth about $152,199,000. Old Mutual Global Investors UK Ltd. raised its stake in Realogy by 219.6% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 2,412,869 shares of the financial services provider’s stock valued at $63,941,000 after buying an additional 1,657,925 shares in the last quarter. Boston Partners raised its stake in Realogy by 540.9% during the first quarter. Boston Partners now owns 1,650,342 shares of the financial services provider’s stock valued at $45,021,000 after buying an additional 1,392,836 shares in the last quarter. Deutsche Bank AG raised its stake in Realogy by 325.2% during the fourth quarter. Deutsche Bank AG now owns 1,522,914 shares of the financial services provider’s stock valued at $40,353,000 after buying an additional 1,164,708 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Realogy by 5,307.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,092,371 shares of the financial services provider’s stock valued at $28,948,000 after buying an additional 1,072,171 shares in the last quarter.
Shares of Realogy opened at $24.57 on Wednesday, MarketBeat.com reports. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $3.15 billion, a PE ratio of 15.65, a P/E/G ratio of 0.66 and a beta of 1.18. Realogy Holdings Corp has a twelve month low of $23.51 and a twelve month high of $35.18.
Realogy (NYSE:RLGY) last announced its quarterly earnings results on Thursday, May 3rd. The financial services provider reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.04). The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. Realogy had a return on equity of 7.65% and a net margin of 6.38%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.17) earnings per share. research analysts expect that Realogy Holdings Corp will post 1.86 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 30th. Stockholders of record on Wednesday, May 16th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Tuesday, May 15th. Realogy’s payout ratio is 22.93%.
Realogy announced that its Board of Directors has authorized a share repurchase program on Tuesday, February 27th that authorizes the company to buyback $350.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.
Several analysts have issued reports on RLGY shares. Citigroup cut their price objective on Realogy from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, May 4th. ValuEngine cut Realogy from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Zacks Investment Research cut Realogy from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Barclays cut their price objective on Realogy from $24.00 to $21.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 28th. Finally, Deutsche Bank set a $35.00 price objective on Realogy and gave the company a “buy” rating in a research note on Wednesday, February 28th. Four equities 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. Realogy has a consensus rating of “Hold” and an average target price of $32.33.
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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