Janus Henderson Group PLC bought a new stake in Realogy Holdings Corp (NYSE:RLGY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,600 shares of the financial services provider’s stock, valued at approximately $811,000.
A number of other large investors also recently added to or reduced their stakes in the business. Caxton Associates LP bought a new position in shares of Realogy during the third quarter worth about $290,000. Vident Investment Advisory LLC bought a new position in Realogy in the third quarter valued at approximately $2,654,000. Cornerstone Capital Management Holdings LLC. grew its stake in Realogy by 0.6% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 349,512 shares of the financial services provider’s stock valued at $11,515,000 after purchasing an additional 1,916 shares in the last quarter. Royce & Associates LP lifted its position in shares of Realogy by 71.1% in the third quarter. Royce & Associates LP now owns 179,010 shares of the financial services provider’s stock valued at $5,898,000 after buying an additional 74,410 shares during the last quarter. Finally, Allianz Asset Management GmbH acquired a new stake in shares of Realogy in the third quarter valued at approximately $8,086,000.
In other Realogy news, Director Duncan L. Niederauer acquired 5,000 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were bought at an average cost of $26.47 per share, with a total value of $132,350.00. Following the purchase, the director now directly owns 25,141 shares of the company’s stock, valued at $665,482.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by insiders.
Shares of Realogy Holdings Corp (RLGY) opened at $26.86 on Wednesday. The firm has a market capitalization of $3,634.65, a price-to-earnings ratio of 16.08, a P/E/G ratio of 0.75 and a beta of 1.33. Realogy Holdings Corp has a 52-week low of $25.14 and a 52-week high of $35.18. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.41.
Realogy (NYSE:RLGY) last announced its earnings results on Friday, November 3rd. The financial services provider reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.10). The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.74 billion. Realogy had a return on equity of 9.08% and a net margin of 3.86%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 earnings per share. analysts forecast that Realogy Holdings Corp will post 1.55 earnings per share for the current fiscal year.
Several analysts recently weighed in on the company. Zacks Investment Research raised Realogy from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Wednesday, September 27th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $38.00 price target on shares of Realogy in a report on Friday, September 29th. BidaskClub raised Realogy from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Realogy in a report on Friday, November 3rd. Finally, Citigroup dropped their price objective on Realogy from $40.00 to $37.00 and set a “buy” rating for the company in a report on Monday, November 6th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $34.78.
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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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