Realogy Holdings Corp (RLGY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Realogy Holdings Corp (NYSE:RLGY) have earned an average rating of “Hold” from the twelve brokerages that are currently covering the company. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $33.44.

Several research firms have recently weighed in on RLGY. Deutsche Bank AG began coverage on shares of Realogy Holdings Corp in a research note on Thursday, January 26th. They issued a “hold” rating and a $29.00 target price for the company. Wedbush restated an “outperform” rating and issued a $32.00 price objective on shares of Realogy Holdings Corp in a research report on Monday, February 27th. Piper Jaffray Companies restated an “overweight” rating and issued a $40.00 price objective on shares of Realogy Holdings Corp in a research report on Friday, March 24th. Zacks Investment Research lowered shares of Realogy Holdings Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, January 11th. Finally, Barclays PLC initiated coverage on shares of Realogy Holdings Corp in a research report on Thursday, January 5th. They set an “underweight” rating and a $23.00 target price for the company.

Shares of Realogy Holdings Corp (NYSE:RLGY) traded up 0.58% during midday trading on Monday, hitting $29.30. The stock had a trading volume of 212,788 shares. The stock has a 50-day moving average of $28.54 and a 200 day moving average of $26.20. The stock has a market cap of $4.09 billion, a PE ratio of 20.07 and a beta of 1.41. Realogy Holdings Corp has a 52 week low of $21.43 and a 52 week high of $37.33.

Realogy Holdings Corp (NYSE:RLGY) last announced its earnings results on Friday, February 24th. The financial services provider reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.19. Realogy Holdings Corp had a net margin of 2.86% and a return on equity of 10.01%. The company earned $1.06 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company posted $0.29 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts anticipate that Realogy Holdings Corp will post $1.64 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.24%. The ex-dividend date was Tuesday, March 7th. Realogy Holdings Corp’s dividend payout ratio is currently 31.86%.

Large investors have recently added to or reduced their stakes in the stock. Monarch Partners Asset Management LLC purchased a new stake in Realogy Holdings Corp during the third quarter valued at about $12,632,000. JPMorgan Chase & Co. increased its position in Realogy Holdings Corp by 48.1% in the third quarter. JPMorgan Chase & Co. now owns 2,437,843 shares of the financial services provider’s stock valued at $63,044,000 after buying an additional 792,244 shares during the last quarter. MD Sass Investors Services Inc. increased its position in Realogy Holdings Corp by 16.0% in the third quarter. MD Sass Investors Services Inc. now owns 2,214,962 shares of the financial services provider’s stock valued at $57,273,000 after buying an additional 305,800 shares during the last quarter. Stanley Capital Management LLC increased its position in Realogy Holdings Corp by 86.6% in the fourth quarter. Stanley Capital Management LLC now owns 230,044 shares of the financial services provider’s stock valued at $5,919,000 after buying an additional 106,765 shares during the last quarter. Finally, Marshall Wace LLP increased its position in Realogy Holdings Corp by 432.8% in the fourth quarter. Marshall Wace LLP now owns 677,289 shares of the financial services provider’s stock valued at $17,427,000 after buying an additional 550,160 shares during the last quarter.

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Realogy Holdings Corp 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.

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