Realogy (NYSE:RLGY) Downgraded to C+ at TheStreet

TheStreet cut shares of Realogy (NYSE:RLGY) from a b- rating to a c+ rating in a research note issued to investors on Monday, January 8th.

Several other brokerages have also recently commented on RLGY. Piper Jaffray Companies reiterated a buy rating and issued a $36.00 target price on shares of Realogy in a report on Friday, December 22nd. BidaskClub upgraded Realogy from a hold rating to a buy rating in a report on Thursday, October 5th. Keefe, Bruyette & Woods reiterated a buy rating and issued a $38.00 target price on shares of Realogy in a report on Friday, September 29th. Zacks Investment Research upgraded Realogy from a hold rating to a buy rating and set a $39.00 price target on the stock in a report on Wednesday, September 27th. Finally, Citigroup cut their price target on Realogy from $40.00 to $37.00 and set a buy rating on the stock in a report on Monday, November 6th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $34.78.

Shares of Realogy (NYSE:RLGY) traded down $0.80 during midday trading on Monday, reaching $26.60. The company’s stock had a trading volume of 1,261,789 shares, compared to its average volume of 1,470,698. Realogy has a 12-month low of $25.44 and a 12-month high of $35.18. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $3,703.30 and a P/E ratio of 15.93.

Realogy (NYSE:RLGY) last released its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.10). Realogy had a net margin of 3.86% and a return on equity of 9.08%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the company earned $0.74 EPS. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. equities research analysts forecast that Realogy will post 1.55 EPS for the current year.

In other news, Director Duncan L. Niederauer bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were bought at an average cost of $26.47 per share, for a total transaction of $132,350.00. Following the acquisition, the director now directly owns 25,141 shares in the company, valued at $665,482.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Federated Investors Inc. PA purchased a new stake in Realogy in the 2nd quarter valued at $101,000. Mckinley Capital Management LLC Delaware purchased a new stake in Realogy in the 2nd quarter valued at $119,000. PNC Financial Services Group Inc. raised its position in Realogy by 0.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,153 shares of the financial services provider’s stock valued at $135,000 after buying an additional 17 shares during the last quarter. Tocqueville Asset Management L.P. purchased a new stake in Realogy in the 3rd quarter valued at $201,000. Finally, Petrus Trust Company LTA purchased a new stake in Realogy in the 2nd quarter valued at $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.

Analyst Recommendations for Realogy (NYSE:RLGY)

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