Realogy Holdings Corp (NYSE:RLGY) has earned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $34.11.
A number of brokerages recently issued reports on RLGY. Stephens reiterated a “buy” rating and set a $33.00 price objective on shares of Realogy in a research note on Friday. Piper Jaffray Companies restated a “buy” rating and issued a $36.00 price target on shares of Realogy in a research note on Friday, December 22nd. Zacks Investment Research upgraded Realogy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 7th. TheStreet downgraded Realogy from a “b-” rating to a “c+” rating in a research note on Monday, January 8th. Finally, Citigroup dropped their price target on Realogy from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, November 6th.
A number of large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its stake in Realogy by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 4,153 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 17 shares during the period. Royal Bank of Canada increased its stake in shares of Realogy by 1.3% in the second quarter. Royal Bank of Canada now owns 33,316 shares of the financial services provider’s stock worth $1,081,000 after buying an additional 417 shares during the period. Cornerstone Capital Management Holdings LLC. increased its stake in shares of 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 worth $11,515,000 after buying an additional 1,916 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Realogy by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 650,391 shares of the financial services provider’s stock worth $21,430,000 after buying an additional 3,394 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Realogy by 6.5% in the third quarter. Public Employees Retirement System of Ohio now owns 57,304 shares of the financial services provider’s stock worth $1,888,000 after buying an additional 3,490 shares during the period.
Realogy (NYSE:RLGY) last announced its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.46 billion. Realogy had a return on equity of 9.08% and a net margin of 3.86%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 EPS. analysts forecast that Realogy will post 1.55 EPS for the current fiscal year.
The company 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. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.41%. Realogy’s dividend payout ratio is currently 21.56%.
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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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