BlueCrest Capital Management Ltd acquired a new position in Realogy Holdings Corp (NYSE:RLGY) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 20,997 shares of the financial services provider’s stock, valued at approximately $556,000.
Other large investors have also added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Realogy during the fourth quarter valued at about $175,000. Country Club Trust Company n.a. purchased a new stake in shares of Realogy during the fourth quarter valued at about $203,000. State of Alaska Department of Revenue purchased a new stake in shares of Realogy during the fourth quarter valued at about $209,000. Caxton Associates LP purchased a new stake in shares of Realogy during the third quarter valued at about $290,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Realogy during the fourth quarter valued at about $282,000.
RLGY has been the subject of several analyst reports. JPMorgan Chase & Co. lowered shares of Realogy from a “neutral” rating to an “underweight” rating and set a $28.00 price target for the company. in a research report on Friday, December 15th. TheStreet lowered shares of Realogy from a “b-” rating to a “c+” rating in a research report on Monday, January 8th. Barclays decreased their price target on shares of Realogy from $24.00 to $21.00 and set an “underweight” rating for the company in a research report on Wednesday, February 28th. Stephens reissued a “buy” rating and set a $33.00 price target on shares of Realogy in a research report on Friday, February 23rd. Finally, Zacks Investment Research raised shares of Realogy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $33.60.
Realogy Holdings Corp (NYSE:RLGY) opened at $26.66 on Friday. The company has a market cap of $3,449.00, a P/E ratio of 8.44, 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 1 year low of $23.86 and a 1 year high of $35.18.
Realogy (NYSE:RLGY) last announced its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.46 billion. Realogy had a net margin of 7.05% and a return on equity of 8.74%. Realogy’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $0.40 EPS. research analysts anticipate that Realogy Holdings Corp will post 1.91 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Monday, March 12th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, March 9th. Realogy’s payout ratio is currently 11.39%.
Realogy declared that its Board of Directors has approved a stock buyback plan on Tuesday, February 27th that authorizes the company to repurchase $350.00 million in shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
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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