Realogy (NYSE:RLGY) Shares Up 8.5%

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Realogy Holdings Corp (NYSE:RLGY)’s stock price shot up 8.5% during trading on Friday . The stock traded as high as $10.25 and last traded at $10.12, 4,812,489 shares traded hands during trading. An increase of 39% from the average session volume of 3,451,801 shares. The stock had previously closed at $9.33.

Several brokerages recently commented on RLGY. Compass Point set a $7.00 target price on Realogy and gave the stock a “hold” rating in a report on Friday, August 9th. ValuEngine upgraded shares of Realogy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Evercore ISI reiterated a “hold” rating and set a $8.00 price objective on shares of Realogy in a research report on Sunday, August 11th. Finally, Zacks Investment Research upgraded shares of Realogy from a “hold” rating to a “strong-buy” rating and set a $7.50 price objective on the stock in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $9.64.

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 $1.07 billion, a PE ratio of 6.75 and a beta of 1.72. The firm’s 50-day simple moving average is $7.54 and its two-hundred day simple moving average is $7.09.

Realogy (NYSE:RLGY) last posted its quarterly earnings data on Thursday, November 7th. The financial services provider reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.18). Realogy had a return on equity of 5.57% and a net margin of 0.87%. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, research analysts expect that Realogy Holdings Corp will post 1.08 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System lifted its position in Realogy by 40.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 42,600 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 12,200 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Realogy by 18.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 55,781 shares of the financial services provider’s stock valued at $404,000 after buying an additional 8,609 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Realogy by 21,411.8% during the second quarter. Versant Capital Management Inc now owns 3,657 shares of the financial services provider’s stock valued at $26,000 after buying an additional 3,640 shares during the last quarter. New York State Teachers Retirement System raised its position in shares of Realogy by 98.1% during the second quarter. New York State Teachers Retirement System now owns 86,509 shares of the financial services provider’s stock valued at $626,000 after buying an additional 42,850 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Realogy by 51.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,156,064 shares of the financial services provider’s stock valued at $8,367,000 after buying an additional 390,843 shares during the last quarter.

About Realogy (NYSE:RLGY)

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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