Realogy Holdings Corp (NYSE:RLGY) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 38,599,300 shares, an increase of 20.7% from the June 30th total of 31,988,500 shares. Based on an average trading volume of 4,920,000 shares, the short-interest ratio is presently 7.8 days. Currently, 34.6% of the shares of the stock are sold short.
A number of brokerages have weighed in on RLGY. Evercore ISI reiterated a “hold” rating and issued a $8.00 price objective on shares of Realogy in a research report on Sunday. Barclays decreased their price objective on shares of Realogy from $9.00 to $5.00 and set an “underweight” rating for the company in a research report on Thursday, July 11th. Compass Point set a $7.00 price objective on shares of Realogy and gave the stock a “hold” rating in a research report on Friday, August 9th. Zacks Investment Research upgraded shares of Realogy from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. Finally, Stephens downgraded shares of Realogy from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $16.00 to $8.00 in a research report on Monday, June 10th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $11.29.
Shares of RLGY traded down $0.16 during mid-day trading on Wednesday, hitting $5.89. 4,344,700 shares of the company were exchanged, compared to its average volume of 3,580,078. Realogy has a 1-year low of $4.52 and a 1-year high of $21.86. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.83. The firm’s 50 day simple moving average is $5.82. The stock has a market cap of $676.80 million, a PE ratio of 3.93 and a beta of 1.70.
Realogy (NYSE:RLGY) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.01. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.73 billion. Realogy had a net margin of 0.87% and a return on equity of 5.53%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.00 EPS. On average, equities research analysts expect that Realogy will post 1.04 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $0.36 dividend on an annualized basis and a yield of 6.11%. Realogy’s payout ratio is 24.00%.
Hedge funds have recently added to or reduced their stakes in the business. Skylands Capital LLC raised its holdings in Realogy by 341.1% in the 1st quarter. Skylands Capital LLC now owns 215,050 shares of the financial services provider’s stock valued at $2,452,000 after acquiring an additional 166,300 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of Realogy by 4,908.2% in the 1st quarter. Meeder Asset Management Inc. now owns 41,318 shares of the financial services provider’s stock valued at $471,000 after buying an additional 40,493 shares during the period. Allstate Corp purchased a new stake in shares of Realogy in the 1st quarter valued at approximately $157,000. Hi Line Capital Management LLC grew its stake in shares of Realogy by 97.8% in the 1st quarter. Hi Line Capital Management LLC now owns 278,332 shares of the financial services provider’s stock valued at $3,173,000 after buying an additional 137,590 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of Realogy by 112.6% in the 4th quarter. Deutsche Bank AG now owns 861,055 shares of the financial services provider’s stock valued at $12,639,000 after buying an additional 456,117 shares during the period.
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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