Utah Retirement Systems lifted its holdings in shares of Realogy Holdings Corp (NYSE:RLGY) by 9.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,300 shares of the financial services provider’s stock after purchasing an additional 4,000 shares during the period. Utah Retirement Systems’ holdings in Realogy were worth $976,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. California Public Employees Retirement System lifted its holdings in shares of Realogy by 8.8% during the second quarter. California Public Employees Retirement System now owns 423,999 shares of the financial services provider’s stock worth $9,667,000 after purchasing an additional 34,377 shares during the period. Retirement Systems of Alabama acquired a new position in Realogy in the third quarter valued at $3,308,000. State Treasurer State of Michigan acquired a new position in Realogy in the third quarter valued at $947,000. Oppenheimer & Co. Inc. lifted its holdings in Realogy by 118.7% in the second quarter. Oppenheimer & Co. Inc. now owns 22,986 shares of the financial services provider’s stock valued at $524,000 after buying an additional 12,475 shares during the period. Finally, Vident Investment Advisory LLC lifted its holdings in Realogy by 3.7% in the second quarter. Vident Investment Advisory LLC now owns 102,844 shares of the financial services provider’s stock valued at $2,345,000 after buying an additional 3,689 shares during the period.
In related news, Director Michael J. Williams purchased 5,000 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was purchased at an average cost of $16.94 per share, with a total value of $84,700.00. Following the completion of the purchase, the director now owns 49,455 shares in the company, valued at approximately $837,767.70. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Duncan L. Niederauer purchased 10,000 shares of the firm’s stock in a transaction on Monday, November 12th. The stock was bought at an average cost of $17.85 per share, with a total value of $178,500.00. Following the completion of the purchase, the director now owns 40,868 shares of the company’s stock, valued at approximately $729,493.80. The disclosure for this purchase can be found here. Insiders own 0.78% of the company’s stock.
Realogy (NYSE:RLGY) last posted its quarterly earnings results on Friday, November 2nd. The financial services provider reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.07). Realogy had a net margin of 6.71% and a return on equity of 8.74%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the firm posted $0.71 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities analysts predict that Realogy Holdings Corp will post 1.56 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 29th. Shareholders of record on Thursday, November 15th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.93%. The ex-dividend date was Wednesday, November 14th. Realogy’s dividend payout ratio (DPR) is currently 22.93%.
Several equities analysts recently issued reports on RLGY shares. Zacks Investment Research upgraded shares of Realogy from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Piper Jaffray Companies lowered shares of Realogy from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $32.00 to $19.00 in a report on Monday, November 5th. Barclays set a $17.00 target price on shares of Realogy and gave the company a “sell” rating in a report on Monday, November 5th. Finally, Susquehanna Bancshares started coverage on shares of Realogy in a report on Thursday, November 29th. They issued a “hold” rating and a $20.00 target price on the stock. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $26.88.
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Realogy 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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