Realogy (NYSE:RLGY) Price Target Lowered to $5.00 at Barclays

Realogy (NYSE:RLGY) had its price target decreased by Barclays from $9.00 to $5.00 in a report issued on Thursday, The Fly reports. Barclays currently has an underweight rating on the financial services provider’s stock.

RLGY has been the topic of a number of other research reports. Compass Point raised shares of Realogy from a sell rating to a neutral rating in a research report on Monday, July 8th. Zacks Investment Research raised shares of HB Fuller from a sell rating to a hold rating in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. cut their price objective on shares of Realogy from $14.00 to $12.00 and set an underweight rating on the stock in a research report on Thursday, April 4th. Finally, Stephens raised shares of Redfin from an underweight rating to an overweight rating and lifted their price objective for the stock from $18.00 to $23.00 in a research report on Monday, June 10th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $12.00.

RLGY stock opened at $5.59 on Thursday. The stock has a market cap of $638.45 million, a P/E ratio of 3.73 and a beta of 1.71. Realogy has a 12 month low of $5.45 and a 12 month high of $24.87. The business has a 50-day moving average of $6.98. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.83.

Realogy (NYSE:RLGY) last posted its earnings results on Thursday, May 2nd. The financial services provider reported ($0.67) EPS for the quarter, meeting analysts’ consensus estimates of ($0.67). The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.16 billion. Realogy had a net margin of 1.76% and a return on equity of 6.82%. The company’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.38) EPS. As a group, analysts predict that Realogy will post 1.05 earnings per share for the current fiscal year.

In related news, CEO Ryan M. Schneider bought 119,300 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average cost of $8.38 per share, for a total transaction of $999,734.00. Following the purchase, the chief executive officer now directly owns 352,761 shares of the company’s stock, valued at $2,956,137.18. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in Realogy by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,355,998 shares of the financial services provider’s stock valued at $107,991,000 after acquiring an additional 318,125 shares during the period. Clearbridge Investments LLC lifted its stake in Realogy by 12.4% during the 1st quarter. Clearbridge Investments LLC now owns 3,384,775 shares of the financial services provider’s stock valued at $38,586,000 after acquiring an additional 372,132 shares during the period. Bank of New York Mellon Corp lifted its stake in Realogy by 17.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,670,379 shares of the financial services provider’s stock valued at $24,522,000 after acquiring an additional 247,263 shares during the period. Norges Bank acquired a new stake in Realogy during the 4th quarter valued at approximately $19,372,000. Finally, Formula Growth Ltd. increased its holdings in shares of Realogy by 14.7% during the 1st quarter. Formula Growth Ltd. now owns 1,309,089 shares of the financial services provider’s stock valued at $14,924,000 after purchasing an additional 168,000 shares in the last quarter.

About Realogy

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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