Shares of Realogy Holdings Corp (NYSE:RLGY) have received an average rating of “Hold” from the twelve research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $33.00.
RLGY has been the subject of several recent analyst reports. Stephens reaffirmed a “buy” rating and set a $33.00 price objective on shares of Realogy in a research report on Friday, February 23rd. 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. TheStreet cut shares of Realogy from a “b-” rating to a “c+” rating in a research report on Monday, January 8th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $36.00 price objective on shares of Realogy in a research report on Friday, December 22nd. Finally, Barclays decreased their price objective 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.
A number of large investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB acquired a new stake in Realogy during the 4th quarter worth $336,000. Sterling Capital Management LLC raised its stake in Realogy by 44.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,282,619 shares of the financial services provider’s stock worth $60,489,000 after acquiring an additional 704,235 shares in the last quarter. Gotham Asset Management LLC raised its stake in Realogy by 78.7% during the 4th quarter. Gotham Asset Management LLC now owns 23,344 shares of the financial services provider’s stock worth $619,000 after acquiring an additional 10,281 shares in the last quarter. Vident Investment Advisory LLC raised its stake in Realogy by 10.3% during the 4th quarter. Vident Investment Advisory LLC now owns 88,845 shares of the financial services provider’s stock worth $2,354,000 after acquiring an additional 8,306 shares in the last quarter. Finally, Meadow Creek Investment Management LLC raised its stake in Realogy by 162.5% during the 4th quarter. Meadow Creek Investment Management LLC now owns 62,412 shares of the financial services provider’s stock worth $1,654,000 after acquiring an additional 38,640 shares in the last quarter.
Realogy (NYSE:RLGY) last issued its quarterly earnings results 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 company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Realogy had a net margin of 7.05% and a return on equity of 8.74%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 EPS. sell-side analysts predict that Realogy will post 1.9 earnings per share for the current fiscal year.
Realogy announced that its Board of Directors has approved a stock buyback program on Tuesday, February 27th that authorizes the company to buyback $350.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Monday, March 12th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, March 9th. This represents a $0.36 annualized dividend and a yield of 1.37%. Realogy’s dividend payout ratio is currently 11.39%.
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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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