Algert Global LLC purchased a new position in Realogy Holdings Corp (NYSE:RLGY) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 78,391 shares of the financial services provider’s stock, valued at approximately $1,618,000. Algert Global LLC owned approximately 0.07% of Realogy as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in the business. Panagora Asset Management Inc. boosted its holdings in Realogy by 87.6% in the third quarter. Panagora Asset Management Inc. now owns 6,638 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 3,100 shares in the last quarter. Thompson Investment Management Inc. lifted its holdings in shares of Realogy by 15.2% in the third quarter. Thompson Investment Management Inc. now owns 23,700 shares of the financial services provider’s stock valued at $489,000 after purchasing an additional 3,125 shares in the last quarter. United Services Automobile Association lifted its holdings in shares of Realogy by 4.8% in the second quarter. United Services Automobile Association now owns 73,458 shares of the financial services provider’s stock valued at $1,675,000 after purchasing an additional 3,363 shares in the last quarter. Vident Investment Advisory LLC lifted its holdings in shares of Realogy by 3.7% in the second quarter. Vident Investment Advisory LLC now owns 102,844 shares of the financial services provider’s stock valued at $2,345,000 after purchasing an additional 3,689 shares in the last quarter. Finally, Gator Capital Management LLC lifted its holdings in shares of Realogy by 18.1% in the third quarter. Gator Capital Management LLC now owns 25,394 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 3,900 shares in the last quarter.
Shares of RLGY opened at $18.70 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market cap of $2.19 billion, a P/E ratio of 11.91, a price-to-earnings-growth ratio of 0.56 and a beta of 1.13. Realogy Holdings Corp has a 12 month low of $16.85 and a 12 month high of $28.07.
Realogy (NYSE:RLGY) last issued its quarterly earnings results on Friday, November 2nd. The financial services provider reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.07). The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Realogy had a net margin of 6.71% and a return on equity of 8.74%. The business’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 earnings per share. On average, equities research analysts predict that Realogy Holdings Corp will post 1.65 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 29th. Investors of record on Thursday, November 15th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Wednesday, November 14th. Realogy’s payout ratio is 22.93%.
RLGY has been the topic of a number of recent research reports. Zacks Investment Research upgraded Realogy from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Barclays set a $17.00 target price on Realogy and gave the company a “sell” rating in a report on Monday, November 5th. Piper Jaffray Companies lowered Realogy from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $32.00 to $19.00 in a report on Monday, November 5th. Finally, Susquehanna Bancshares initiated coverage on Realogy in a report on Thursday, November 29th. They issued a “hold” rating and a $20.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $26.88.
In other Realogy news, Director Duncan L. Niederauer purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The stock was bought at an average cost of $17.85 per share, with a total value of $178,500.00. Following the completion of the transaction, the director now owns 40,868 shares of the company’s stock, valued at approximately $729,493.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael J. Williams purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The shares were acquired at an average cost of $16.94 per share, with a total value of $84,700.00. Following the completion of the transaction, the director now directly owns 49,455 shares of the company’s stock, valued at approximately $837,767.70. The disclosure for this purchase can be found here. Company insiders own 0.78% of the company’s stock.
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.
Featured Article: How to interpret a stock’s beta number
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.