Evercore ISI reissued their hold rating on shares of Realogy (NYSE:RLGY) in a research note published on Sunday morning, AnalystRatings.com reports. Evercore ISI currently has a $8.00 price objective on the financial services provider’s stock.
“We maintain our In-Line rating but lower our target price to $7 (from $8), which is based on 6.2x our FTM EBITDA estimate of $614mm plus the NPV of RLGY’s NOL of $1.71/share, which equates to 24.3% FCF yield of a full taxed FTM free cash flow of $1.28/share.”,” the firm’s analyst wrote.
Several other brokerages have also commented on RLGY. Zacks Investment Research raised Realogy from a sell rating to a hold rating in a research report on Wednesday, July 3rd. Stephens lowered Realogy from an overweight rating to an equal weight rating and lowered their price target for the stock from $16.00 to $8.00 in a research report on Monday, June 10th. Compass Point raised Realogy from a sell rating to a neutral rating in a research report on Monday, July 8th. Finally, Barclays lowered their price target on Realogy from $9.00 to $5.00 and set an underweight rating for the company in a research report on Thursday, July 11th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The company presently has an average rating of Hold and a consensus target price of $11.29.
Realogy (NYSE:RLGY) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.73 billion. Realogy had a return on equity of 5.53% and a net margin of 0.87%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 earnings per share. As a group, equities analysts expect that Realogy will post 1.04 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 6.11%. The ex-dividend date of this dividend is Tuesday, August 20th. Realogy’s dividend payout ratio is presently 24.00%.
Institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE increased its holdings in Realogy by 140.1% in the 2nd quarter. US Bancorp DE now owns 3,642 shares of the financial services provider’s stock worth $26,000 after buying an additional 2,125 shares in the last quarter. Versant Capital Management Inc increased its holdings in Realogy by 21,411.8% in the 2nd quarter. Versant Capital Management Inc now owns 3,657 shares of the financial services provider’s stock worth $26,000 after buying an additional 3,640 shares in the last quarter. Parallel Advisors LLC bought a new stake in Realogy in the 2nd quarter worth about $27,000. Signaturefd LLC increased its holdings in Realogy by 1,373.6% in the 2nd quarter. Signaturefd LLC now owns 4,082 shares of the financial services provider’s stock worth $30,000 after buying an additional 3,805 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Realogy in the 2nd quarter worth about $43,000.
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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