Media stories about Realogy (NYSE:RLGY) have been trending somewhat positive on Monday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Realogy earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.237132713312 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Keefe, Bruyette & Woods Downgrades Realogy (RLGY) to Market Perform (americanbankingnews.com)
- Sotheby’s International Realty Brand Enters Sri Lanka (finance.yahoo.com)
- Quotidian Technical Highlights on Selected Financial Stocks — Alexander & Baldwin, Forest City Realty Trust, Paramount, and Realogy (bizjournals.com)
- Realogy (RLGY) Downgraded to Sell at ValuEngine (americanbankingnews.com)
Realogy stock opened at $27.45 on Monday. The company has a market cap of $3,572.65, a PE ratio of 17.48, a P/E/G ratio of 0.72 and a beta of 1.17. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.30. Realogy has a 1 year low of $23.86 and a 1 year high of $35.18.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 26th. Stockholders of record on Monday, March 12th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Friday, March 9th. Realogy’s payout ratio is currently 22.93%.
Realogy announced that its board has initiated a stock repurchase plan 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 buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.
Several equities analysts have weighed in on the stock. JPMorgan Chase downgraded shares of Realogy from a “neutral” rating to an “underweight” rating and set a $28.00 price target on the stock. in a report on Friday, December 15th. Zacks Investment Research raised shares of Realogy from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 7th. Barclays lowered their price target on shares of Realogy from $24.00 to $21.00 and set an “underweight” rating on the stock in a report on Wednesday, February 28th. Piper Jaffray reaffirmed a “buy” rating and set a $36.00 price target on shares of Realogy in a report on Friday, December 22nd. Finally, TheStreet downgraded shares of Realogy from a “b-” rating to a “c+” rating in a report on Monday, January 8th. Four analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $33.60.
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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