Schwab Charles Investment Management Inc. decreased its stake in shares of Realogy Holdings Corp (NYSE:RLGY) by 22.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,309,091 shares of the financial services provider’s stock after selling 375,193 shares during the period. Schwab Charles Investment Management Inc. owned 1.01% of Realogy worth $35,713,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in RLGY. Forsta AP Fonden acquired a new stake in shares of Realogy during the fourth quarter worth $1,055,000. Deutsche Bank AG boosted its holdings in shares of Realogy by 325.2% during the fourth quarter. Deutsche Bank AG now owns 1,522,914 shares of the financial services provider’s stock worth $40,353,000 after purchasing an additional 1,164,708 shares during the last quarter. APG Asset Management N.V. boosted its holdings in shares of Realogy by 44.1% during the fourth quarter. APG Asset Management N.V. now owns 2,574,100 shares of the financial services provider’s stock worth $56,807,000 after purchasing an additional 788,200 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Realogy during the fourth quarter worth $1,858,000. Finally, Mackenzie Financial Corp boosted its holdings in shares of Realogy by 1.7% during the fourth quarter. Mackenzie Financial Corp now owns 730,712 shares of the financial services provider’s stock worth $19,364,000 after purchasing an additional 12,400 shares during the last quarter.
Several equities research analysts have recently issued reports on RLGY shares. Citigroup decreased their price objective on Realogy from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, May 4th. ValuEngine cut Realogy from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Zacks Investment Research cut Realogy from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. Barclays decreased their price objective on Realogy from $24.00 to $21.00 and set an “underweight” rating on the stock in a report on Wednesday, February 28th. Finally, Deutsche Bank set a $35.00 price objective on Realogy and gave the stock a “buy” rating in a report on Wednesday, February 28th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $32.33.
Shares of Realogy stock opened at $24.07 on Friday. Realogy Holdings Corp has a twelve month low of $23.51 and a twelve month high of $35.18. The firm has a market capitalization of $3.13 billion, a P/E ratio of 15.33, a PEG ratio of 0.66 and a beta of 1.18. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.67 and a current ratio of 0.67.
Realogy (NYSE:RLGY) last issued its earnings results on Thursday, May 3rd. The financial services provider reported ($0.38) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.34) by ($0.04). Realogy had a net margin of 6.38% and a return on equity of 7.65%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the business posted ($0.17) EPS. Realogy’s revenue was up 2.2% compared to the same quarter last year. equities research analysts predict that Realogy Holdings Corp will post 1.86 EPS for the current year.
Realogy declared that its Board of Directors has authorized a share buyback plan on Tuesday, February 27th that permits the company to repurchase $350.00 million in outstanding shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 30th. Investors of record on Wednesday, May 16th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Tuesday, May 15th. Realogy’s payout ratio is currently 22.93%.
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.
Want to see what other hedge funds are holding RLGY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realogy Holdings Corp (NYSE:RLGY).
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.