Parallel Advisors LLC Makes New $27,000 Investment in Realogy Holdings Corp (NYSE:RLGY)

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Parallel Advisors LLC bought a new position in shares of Realogy Holdings Corp (NYSE:RLGY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,788 shares of the financial services provider’s stock, valued at approximately $27,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. CIBC Asset Management Inc bought a new stake in Realogy in the 2nd quarter valued at about $77,000. Comerica Bank grew its position in Realogy by 47.1% during the second quarter. Comerica Bank now owns 110,070 shares of the financial services provider’s stock valued at $601,000 after purchasing an additional 35,221 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in Realogy during the second quarter valued at approximately $234,000. Signaturefd LLC grew its position in Realogy by 1,373.6% during the second quarter. Signaturefd LLC now owns 4,082 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 3,805 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its position in Realogy by 57.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 33,950 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 12,410 shares in the last quarter.

NYSE RLGY traded up $0.07 during trading on Wednesday, reaching $6.02. The company’s stock had a trading volume of 4,300 shares, compared to its average volume of 4,206,426. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.77. The stock has a market capitalization of $714.52 million, a PE ratio of 3.91 and a beta of 1.70. The business has a 50-day moving average price of $5.68 and a 200-day moving average price of $9.56. Realogy Holdings Corp has a 1-year low of $4.52 and a 1-year high of $21.86.

Realogy (NYSE:RLGY) last posted its earnings results on Thursday, August 8th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. Realogy had a net margin of 0.87% and a return on equity of 5.57%. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the company earned $1.00 earnings per share. The company’s revenue was down 4.7% compared to the same quarter last year. As a group, analysts expect that Realogy Holdings Corp will post 1.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date is Tuesday, August 20th. Realogy’s payout ratio is 24.00%.

A number of research analysts recently commented on the stock. Compass Point set a $7.00 price objective on shares of Realogy and gave the company a “hold” rating in a research report on Friday, August 9th. Stephens cut shares of Realogy from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $16.00 to $8.00 in a research note on Monday, June 10th. Zacks Investment Research upgraded shares of Realogy from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Barclays reduced their target price on shares of Realogy from $9.00 to $5.00 and set an “underweight” rating for the company in a research note on Thursday, July 11th. Finally, Evercore ISI reiterated a “hold” rating and issued a $8.00 target price on shares of Realogy in a research note on Sunday, August 11th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. The stock presently has an average rating of “Hold” and an average price target of $11.29.

Realogy 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.

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Institutional Ownership by Quarter for Realogy (NYSE:RLGY)

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