Clearbridge LLC reduced its stake in shares of Realogy Holdings Corp (NYSE:RLGY) by 6.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,600,993 shares of the financial services provider’s stock after selling 262,718 shares during the period. Realogy accounts for approximately 2.0% of Clearbridge LLC’s portfolio, making the stock its 8th biggest holding. Clearbridge LLC owned 2.67% of Realogy worth $95,426,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of RLGY. Clearbridge Investments LLC grew its position in Realogy by 1.6% during the fourth quarter. Clearbridge Investments LLC now owns 3,562,433 shares of the financial services provider’s stock worth $94,404,000 after buying an additional 54,796 shares in the last quarter. Brandywine Global Investment Management LLC boosted its holdings in Realogy by 156.1% during the fourth quarter. Brandywine Global Investment Management LLC now owns 28,039 shares of the financial services provider’s stock valued at $744,000 after purchasing an additional 17,092 shares in the last quarter. Lakewood Capital Management LP boosted its holdings in Realogy by 32.8% during the fourth quarter. Lakewood Capital Management LP now owns 3,971,807 shares of the financial services provider’s stock valued at $105,253,000 after purchasing an additional 980,000 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in Realogy during the fourth quarter valued at approximately $556,000. Finally, Tremblant Capital Group boosted its holdings in Realogy by 36.4% during the fourth quarter. Tremblant Capital Group now owns 3,943,899 shares of the financial services provider’s stock valued at $104,513,000 after purchasing an additional 1,051,632 shares in the last quarter.
Realogy Holdings Corp (NYSE RLGY) opened at $26.50 on Friday. The firm has a market cap of $3,449.00, a price-to-earnings ratio of 16.88, a P/E/G ratio of 0.69 and a beta of 1.30. 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 Holdings Corp has a one year low of $23.86 and a one year high of $35.18.
Realogy (NYSE:RLGY) last announced its earnings results on Tuesday, February 27th. The financial services provider reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.02. Realogy had a net margin of 7.05% and a return on equity of 8.74%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the business earned $0.40 EPS. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. analysts predict that Realogy Holdings Corp will post 1.91 earnings per share for the current year.
Realogy announced that its Board of Directors has approved a stock repurchase program on Tuesday, February 27th that allows the company to buyback $350.00 million in outstanding shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Monday, March 12th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 9th. This represents a $0.36 annualized dividend and a yield of 1.36%. Realogy’s dividend payout ratio (DPR) is presently 11.39%.
RLGY has been the topic of a number of recent research reports. JPMorgan Chase & Co. downgraded Realogy from a “neutral” rating to an “underweight” rating and set a $28.00 price objective on the stock. in a report on Friday, December 15th. Barclays cut their target price on shares of Realogy from $24.00 to $21.00 and set an “underweight” rating for the company in a research note on Wednesday, February 28th. Deutsche Bank set a $35.00 price objective on shares of Realogy and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Stephens restated a “buy” rating and issued a $33.00 price objective on shares of Realogy in a research report on Friday, February 23rd. Finally, Zacks Investment Research upgraded shares of Realogy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $33.60.
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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