Realogy Holdings Corp. (RLGY) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research downgraded shares of Realogy Holdings Corp. (NYSE:RLGY) from a hold rating to a sell rating in a research report report published on Wednesday, November 8th.

According to Zacks, “Realogy Holdings Corp. is a provider of real estate services. The Company through its subsidiaries provides real estate brokerage services, relocation services, and title and settlement services. The Company’s brands and business units include Better Homes and Gardens(R) Real Estate, CENTURY 21(R), Coldwell Banker(R), Coldwell Banker Commercial(R), The Corcoran Group(R), ERA(R), Sotheby’s International Realty(R), NRT LLC, Cartus and Title Resource Group. Realogy Holdings Corp. is headquartered in Parsippany, New Jersey. “

Other analysts also recently issued reports about the stock. TheStreet upgraded shares of Realogy from a c+ rating to a b rating in a report on Wednesday, August 9th. BidaskClub upgraded shares of Realogy from a hold rating to a buy rating in a report on Wednesday, August 9th. Deutsche Bank AG set a $42.00 target price on shares of Realogy and gave the stock a buy rating in a report on Tuesday, August 8th. Piper Jaffray Companies restated a buy rating and set a $40.00 price target on shares of Realogy in a report on Friday, August 4th. Finally, Keefe, Bruyette & Woods restated a buy rating and set a $38.00 price target on shares of Realogy in a report on Thursday, August 10th. Three analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $35.25.

Realogy (NYSE RLGY) traded down $0.01 during mid-day trading on Wednesday, hitting $26.43. 1,258,616 shares of the company’s stock were exchanged, compared to its average volume of 1,256,643. Realogy has a one year low of $23.82 and a one year high of $35.18. The company has a market cap of $3,560.00, a P/E ratio of 16.63, a price-to-earnings-growth ratio of 0.85 and a beta of 1.38. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.94 and a quick ratio of 0.94.

Realogy (NYSE:RLGY) last released its quarterly earnings results on Friday, November 3rd. The financial services provider reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.10). Realogy had a return on equity of 9.08% and a net margin of 3.86%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the firm posted $0.74 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. sell-side analysts anticipate that Realogy will post 1.55 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Wednesday, November 15th. Realogy’s dividend payout ratio is 21.56%.

Hedge funds have recently bought and sold shares of the business. Federated Investors Inc. PA bought a new stake in shares of Realogy during the 2nd quarter worth $101,000. Mckinley Capital Management LLC Delaware bought a new stake in shares of Realogy during the 2nd quarter worth $119,000. PNC Financial Services Group Inc. boosted its holdings in shares of Realogy by 2.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,136 shares of the financial services provider’s stock worth $123,000 after buying an additional 86 shares during the period. Tocqueville Asset Management L.P. bought a new stake in shares of Realogy during the 3rd quarter worth $201,000. Finally, Petrus Trust Company LTA bought a new stake in shares of Realogy during the 2nd quarter worth $202,000.

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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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