Lucia Wealth Services LLC grew its position in Realogy Holdings Corp (NYSE:RLGY) by 113.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 89,934 shares of the financial services provider’s stock after acquiring an additional 47,884 shares during the period. Lucia Wealth Services LLC owned 0.07% of Realogy worth $2,453,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. bought a new position in Realogy during the 4th quarter worth $175,000. DekaBank Deutsche Girozentrale bought a new position in Realogy during the 1st quarter worth $180,000. State of Alaska Department of Revenue bought a new position in Realogy during the 4th quarter worth $209,000. Fox Run Management L.L.C. bought a new position in Realogy during the 4th quarter worth $282,000. Finally, Great Lakes Advisors LLC bought a new position in Realogy during the 1st quarter worth $299,000.
RLGY has been the subject of several analyst reports. Citigroup lowered their target price on Realogy from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, May 4th. Zacks Investment Research upgraded Realogy from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Wednesday, May 2nd. Deutsche Bank set a $35.00 price target on Realogy and gave the stock a “buy” rating in a report on Wednesday, February 28th. Stephens restated a “buy” rating and issued a $33.00 target price on shares of Realogy in a research note on Friday, February 23rd. Finally, ValuEngine downgraded Realogy from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Realogy currently has a consensus rating of “Hold” and an average target price of $32.33.
Shares of RLGY opened at $24.43 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $3.13 billion, a PE ratio of 15.56, a PEG ratio of 0.66 and a beta of 1.18. Realogy Holdings Corp has a one year low of $23.51 and a one year high of $35.18.
Realogy (NYSE:RLGY) last released its quarterly earnings results on Thursday, May 3rd. The financial services provider reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.04). The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. Realogy had a net margin of 6.38% and a return on equity of 7.65%. Realogy’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.17) EPS. sell-side analysts forecast that Realogy Holdings Corp will post 1.86 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 30th. Shareholders of record on Wednesday, May 16th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, May 15th. This represents a $0.36 dividend on an annualized basis and a yield of 1.47%. Realogy’s dividend payout ratio (DPR) is currently 22.93%.
Realogy declared that its board has initiated 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 buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are 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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