TIAA CREF Investment Management LLC decreased its position in Realogy Holdings Corp (NYSE:RLGY) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 426,806 shares of the financial services provider’s stock after selling 28,789 shares during the quarter. TIAA CREF Investment Management LLC owned 0.32% of Realogy worth $11,310,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of RLGY. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Realogy during the fourth quarter worth approximately $175,000. Country Club Trust Company n.a. acquired a new stake in shares of Realogy during the fourth quarter worth approximately $203,000. State of Alaska Department of Revenue acquired a new stake in shares of Realogy during the fourth quarter worth approximately $209,000. Fox Run Management L.L.C. acquired a new stake in shares of Realogy during the fourth quarter worth approximately $282,000. Finally, Caxton Associates LP acquired a new stake in shares of Realogy during the third quarter worth approximately $290,000.
A number of analysts have recently weighed in on RLGY shares. JPMorgan Chase downgraded 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. ValuEngine downgraded shares of Realogy from a “hold” rating to a “sell” rating in a research report on Monday. Zacks Investment Research downgraded shares of Realogy from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. 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. Finally, Deutsche Bank set a $35.00 price target on shares of Realogy and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $33.60.
Realogy (NYSE:RLGY) last released its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 earnings per share. analysts anticipate that Realogy Holdings Corp will post 1.9 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Monday, March 12th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Friday, March 9th. Realogy’s dividend payout ratio is presently 22.93%.
Realogy declared that its board has approved a share repurchase program on Tuesday, February 27th that allows the company to repurchase $350.00 million in shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.
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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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