State Board of Administration of Florida Retirement System raised its position in Realogy Holdings Corp. (NYSE:RLGY) by 6.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 251,733 shares of the financial services provider’s stock after acquiring an additional 14,668 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.18% of Realogy Holdings Corp. worth $8,295,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Federated Investors Inc. PA bought a new position in Realogy Holdings Corp. in the second quarter valued at about $101,000. Mckinley Capital Management LLC Delaware bought a new position in Realogy Holdings Corp. in the second quarter valued at about $119,000. PNC Financial Services Group Inc. lifted its holdings in Realogy Holdings Corp. by 2.1% in the first quarter. PNC Financial Services Group Inc. now owns 4,136 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 86 shares during the period. Tocqueville Asset Management L.P. bought a new position in Realogy Holdings Corp. in the third quarter valued at about $201,000. Finally, Petrus Trust Company LTA bought a new position in Realogy Holdings Corp. in the second quarter valued at about $202,000.
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Shares of Realogy Holdings Corp. (NYSE:RLGY) opened at $26.34 on Monday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.94 and a current ratio of 0.94. Realogy Holdings Corp. has a 1 year low of $22.63 and a 1 year high of $35.18. The stock has a market capitalization of $3,545.80, a PE ratio of 16.57, a P/E/G ratio of 0.86 and a beta of 1.38.
Realogy Holdings Corp. (NYSE:RLGY) last released its quarterly earnings results on Friday, November 3rd. The financial services provider reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.10). The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Realogy Holdings Corp. had a net margin of 3.86% and a return on equity of 9.08%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 EPS. analysts forecast that Realogy Holdings Corp. will post 1.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Wednesday, November 15th. Realogy Holdings Corp.’s dividend payout ratio is presently 21.56%.
RLGY has been the topic of several recent research reports. BidaskClub raised Realogy Holdings Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research downgraded Realogy Holdings Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Realogy Holdings Corp. in a research note on Friday, August 4th. Citigroup Inc. decreased their price objective on Realogy Holdings Corp. from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, November 6th. Finally, Deutsche Bank AG set a $42.00 price objective on Realogy Holdings Corp. and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Realogy Holdings Corp. currently has a consensus rating of “Hold” and a consensus target price of $34.22.
Realogy Holdings Corp. Company Profile
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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