Prudential Financial Inc. boosted its stake in shares of Realogy Holdings Corp (NYSE:RLGY) by 355.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,570 shares of the financial services provider’s stock after purchasing an additional 26,200 shares during the period. Prudential Financial Inc.’s holdings in Realogy were worth $1,106,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Federated Investors Inc. PA bought a new position in Realogy during the second quarter valued at approximately $101,000. Mckinley Capital Management LLC Delaware bought a new position in Realogy during the second quarter valued at approximately $119,000. PNC Financial Services Group Inc. lifted its position in Realogy by 0.4% during the second quarter. PNC Financial Services Group Inc. now owns 4,153 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 17 shares during the period. Tocqueville Asset Management L.P. bought a new position in Realogy during the third quarter valued at approximately $201,000. Finally, Petrus Trust Company LTA bought a new position in Realogy during the second quarter valued at approximately $202,000.
Realogy Holdings Corp (NYSE:RLGY) traded down $0.07 on Friday, reaching $27.53. 2,410,000 shares of the company’s stock traded hands, compared to its average volume of 1,730,954. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.41. Realogy Holdings Corp has a fifty-two week low of $25.14 and a fifty-two week high of $35.18. The company has a market capitalization of $3,715.42, a P/E ratio of 17.36, a PEG ratio of 0.89 and a beta of 1.32.
Realogy (NYSE:RLGY) last announced its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.10). The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Realogy had a return on equity of 9.08% and a net margin of 3.86%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the company earned $0.74 earnings per share. research analysts expect that Realogy Holdings Corp will post 1.55 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th were paid a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.31%. Realogy’s dividend payout ratio (DPR) is presently 21.56%.
RLGY has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Realogy from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Piper Jaffray Companies reiterated a “buy” rating and issued a $33.00 price target on shares of Realogy in a research report on Friday, November 3rd. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $38.00 price target on shares of Realogy in a research report on Friday, September 29th. BidaskClub upgraded shares of Realogy from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. Finally, Citigroup decreased their price target on shares of Realogy from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.67.
In other news, Director Duncan L. Niederauer acquired 5,000 shares of Realogy stock in a transaction dated Monday, November 27th. The stock was purchased at an average cost of $26.47 per share, with a total value of $132,350.00. Following the completion of the purchase, the director now directly owns 25,141 shares in the company, valued at approximately $665,482.27. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.80% of the company’s stock.
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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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