OppenheimerFunds Inc. Has $24.56 Million Position in Realogy Holdings Corp (RLGY)

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OppenheimerFunds Inc. raised its stake in Realogy Holdings Corp (NYSE:RLGY) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,077,145 shares of the financial services provider’s stock after acquiring an additional 20,065 shares during the period. OppenheimerFunds Inc. owned 0.87% of Realogy worth $24,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Summit Trail Advisors LLC boosted its stake in Realogy by 88,695.7% in the first quarter. Summit Trail Advisors LLC now owns 145,625 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 145,461 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new position in Realogy in the second quarter valued at $158,000. DekaBank Deutsche Girozentrale acquired a new position in Realogy in the first quarter valued at $180,000. Brinker Capital Inc. acquired a new position in Realogy in the first quarter valued at $217,000. Finally, Federated Investors Inc. PA acquired a new stake in shares of Realogy during the second quarter worth about $222,000.

Separately, Zacks Investment Research upgraded shares of Realogy from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Realogy presently has an average rating of “Hold” and a consensus price target of $31.75.

Shares of RLGY opened at $20.62 on Friday. Realogy Holdings Corp has a fifty-two week low of $19.71 and a fifty-two week high of $35.00. The stock has a market cap of $2.52 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 0.57 and a beta of 1.17. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.56 and a quick ratio of 0.56.

Realogy (NYSE:RLGY) last announced its earnings results on Friday, August 3rd. The financial services provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.01. Realogy had a net margin of 6.58% and a return on equity of 8.32%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. sell-side analysts anticipate that Realogy Holdings Corp will post 1.78 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 30th. Investors of record on Thursday, August 16th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, August 15th. This represents a $0.36 annualized dividend and a yield of 1.75%. Realogy’s dividend payout ratio is currently 22.93%.

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.

Read More: Fiduciary

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Institutional Ownership by Quarter for Realogy (NYSE:RLGY)

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