Tremblant Capital Group lifted its position in shares of Realogy Holdings Corp (NYSE:RLGY) by 36.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,943,899 shares of the financial services provider’s stock after acquiring an additional 1,051,632 shares during the period. Realogy accounts for 5.0% of Tremblant Capital Group’s portfolio, making the stock its 6th biggest holding. Tremblant Capital Group owned about 2.93% of Realogy worth $104,513,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. lifted its holdings in Realogy by 0.6% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 349,512 shares of the financial services provider’s stock valued at $11,515,000 after acquiring an additional 1,916 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Realogy by 0.5% during the third quarter. Bank of New York Mellon Corp now owns 650,391 shares of the financial services provider’s stock valued at $21,430,000 after buying an additional 3,394 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Realogy by 6.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 57,304 shares of the financial services provider’s stock valued at $1,888,000 after purchasing an additional 3,490 shares during the period. Landscape Capital Management L.L.C. increased its holdings in shares of Realogy by 39.8% in the 4th quarter. Landscape Capital Management L.L.C. now owns 12,681 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 3,608 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Realogy by 18.0% in the 4th quarter. SG Americas Securities LLC now owns 23,987 shares of the financial services provider’s stock valued at $636,000 after purchasing an additional 3,654 shares during the period.
A number of equities research analysts have issued reports on the company. Piper Jaffray Companies reaffirmed a “buy” rating and set a $36.00 target price on shares of Realogy in a research report on Friday, December 22nd. Stephens reaffirmed a “buy” rating and issued a $33.00 target price on shares of Realogy in a research report on Friday, February 23rd. Zacks Investment Research upgraded Realogy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 7th. TheStreet lowered Realogy from a “b-” rating to a “c+” rating in a research note on Monday, January 8th. Finally, JPMorgan Chase & Co. lowered their target price on Realogy to $30.00 and set a “neutral” rating for the company in a research note on Wednesday, December 6th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $33.60.
Realogy Holdings Corp (NYSE RLGY) traded down $0.22 during trading hours on Wednesday, hitting $26.50. The company’s stock had a trading volume of 1,664,598 shares, compared to its average volume of 1,956,924. The firm has a market cap of $3,469.82, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 0.70 and a beta of 1.30. Realogy Holdings Corp has a 52-week low of $23.86 and a 52-week high of $35.18. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.80 and a quick ratio of 0.80.
Realogy (NYSE:RLGY) last posted its earnings results on Tuesday, February 27th. The financial services provider reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.46 billion. Realogy had a return on equity of 8.74% and a net margin of 7.05%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 EPS. equities research analysts forecast that Realogy Holdings Corp will post 1.9 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Monday, March 12th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, March 9th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.36%. Realogy’s payout ratio is 11.39%.
Realogy announced that its board has authorized a share repurchase plan on Tuesday, February 27th that authorizes the company to buyback $350.00 million in shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.
Realogy 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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