Federated Investors Inc. PA Acquires New Stake in Realogy Holdings Corp (RLGY)

Federated Investors Inc. PA acquired a new position in Realogy Holdings Corp (NYSE:RLGY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,736 shares of the financial services provider’s stock, valued at approximately $222,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Pzena Investment Management LLC lifted its position in shares of Realogy by 996.9% during the 2nd quarter. Pzena Investment Management LLC now owns 3,057,328 shares of the financial services provider’s stock valued at $69,707,000 after buying an additional 2,778,604 shares in the last quarter. Okumus Fund Management Ltd. lifted its position in shares of Realogy by 43.3% during the 1st quarter. Okumus Fund Management Ltd. now owns 8,227,926 shares of the financial services provider’s stock valued at $224,458,000 after buying an additional 2,484,565 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Realogy by 36.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,522,809 shares of the financial services provider’s stock valued at $148,721,000 after buying an additional 1,750,240 shares in the last quarter. Magnolia Group LLC purchased a new position in shares of Realogy during the 2nd quarter valued at approximately $26,217,000. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Realogy during the 2nd quarter valued at approximately $18,890,000.

Shares of NYSE:RLGY opened at $20.20 on Thursday. Realogy Holdings Corp has a 1 year low of $19.57 and a 1 year high of $34.94. The company has a market cap of $2.52 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 0.55 and a beta of 1.17. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.56 and a current 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 (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the firm posted $0.78 EPS. The business’s revenue was up 1.5% on a year-over-year basis. sell-side analysts expect that Realogy Holdings Corp will post 1.84 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 30th. Investors of record on Thursday, August 16th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.78%. The ex-dividend date was Wednesday, August 15th. Realogy’s dividend payout ratio is currently 22.93%.

Separately, Zacks Investment Research upgraded Realogy from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price 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.

See Also: Compound Annual Growth Rate (CAGR)

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Institutional Ownership by Quarter for Realogy (NYSE:RLGY)

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