Tower Research Capital LLC TRC Boosts Holdings in Realogy Holdings Corp (RLGY)

Tower Research Capital LLC TRC boosted its position in Realogy Holdings Corp (NYSE:RLGY) by 748.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,823 shares of the financial services provider’s stock after purchasing an additional 17,487 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Realogy were worth $452,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RLGY. Brinker Capital Inc. bought a new position in Realogy in the first quarter worth $217,000. Natixis Advisors L.P. raised its holdings in Realogy by 66.5% in the first quarter. Natixis Advisors L.P. now owns 95,805 shares of the financial services provider’s stock worth $2,614,000 after purchasing an additional 38,255 shares in the last quarter. California Public Employees Retirement System raised its holdings in Realogy by 10.5% in the first quarter. California Public Employees Retirement System now owns 389,622 shares of the financial services provider’s stock worth $10,629,000 after purchasing an additional 36,911 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Realogy by 53.0% in the first quarter. Dimensional Fund Advisors LP now owns 4,772,569 shares of the financial services provider’s stock worth $130,196,000 after purchasing an additional 1,653,568 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in Realogy by 6.8% in the first quarter. Schroder Investment Management Group now owns 39,755 shares of the financial services provider’s stock worth $1,085,000 after purchasing an additional 2,515 shares in the last quarter.

Shares of NYSE:RLGY opened at $20.00 on Wednesday. Realogy Holdings Corp has a 1-year low of $19.57 and a 1-year high of $35.00. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.26. The firm has a market cap of $2.55 billion, a PE ratio of 12.74, a P/E/G ratio of 0.56 and a beta of 1.18.

Realogy (NYSE:RLGY) last issued its quarterly earnings results on Friday, August 3rd. The financial services provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.01. Realogy had a return on equity of 8.32% and a net margin of 6.58%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the company earned $0.78 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. sell-side analysts predict that Realogy Holdings Corp will post 1.84 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 30th. Stockholders of record on Thursday, August 16th were issued a dividend of $0.09 per share. The ex-dividend date was Wednesday, August 15th. This represents a $0.36 annualized dividend and a dividend yield of 1.80%. Realogy’s payout ratio is presently 22.93%.

Separately, Zacks Investment Research downgraded Realogy from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Realogy presently has an average rating of “Hold” and an average price target of $31.75.

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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