Monarch Partners Asset Management LLC maintained its stake in Realogy Holdings Corp. (NYSE:RLGY) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 226,565 shares of the financial services provider’s stock at the end of the second quarter. Monarch Partners Asset Management LLC owned 0.16% of Realogy Holdings Corp. worth $7,352,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of the stock. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Realogy Holdings Corp. by 310.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,100 shares of the financial services provider’s stock worth $122,000 after buying an additional 3,100 shares during the period. PNC Financial Services Group Inc. boosted its stake in Realogy Holdings Corp. by 2.1% in the first 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. Nisa Investment Advisors LLC acquired a new stake in Realogy Holdings Corp. during the first quarter worth approximately $134,000. Westpac Banking Corp acquired a new stake in Realogy Holdings Corp. during the first quarter worth approximately $220,000. Finally, Schwerin Boyle Capital Management Inc. acquired a new stake in Realogy Holdings Corp. during the first quarter worth approximately $225,000.
Realogy Holdings Corp. (RLGY) opened at 33.88 on Friday. The company has a 50-day moving average of $33.25 and a 200-day moving average of $29.98. Realogy Holdings Corp. has a 52 week low of $21.43 and a 52 week high of $35.18. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 19.74 and a beta of 1.40.
Realogy Holdings Corp. (NYSE:RLGY) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.03. Realogy Holdings Corp. had a net margin of 4.06% and a return on equity of 9.53%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the business posted $0.74 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts anticipate that Realogy Holdings Corp. will post $1.71 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th will be given a dividend of $0.09 per share. The ex-dividend date is Monday, August 14th. This represents a $0.36 annualized dividend and a yield of 1.06%. Realogy Holdings Corp.’s payout ratio is currently 21.05%.
RLGY has been the topic of a number of research reports. TheStreet raised shares of Realogy Holdings Corp. from a “c+” rating to a “b” rating in a research note on Wednesday. BidaskClub lowered shares of Realogy Holdings Corp. from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Deutsche Bank AG raised shares of Realogy Holdings Corp. from a “hold” rating to a “buy” rating and raised their price target for the company from $32.00 to $38.00 in a research note on Friday, May 5th. Zacks Investment Research raised shares of Realogy Holdings Corp. from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Wednesday, July 5th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $40.00 price target on shares of Realogy Holdings Corp. in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Realogy Holdings Corp. currently has an average rating of “Buy” and a consensus target price of $35.56.
In other news, SVP Timothy B. Gustavson sold 3,093 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $34.84, for a total value of $107,760.12. Following the sale, the senior vice president now directly owns 8,705 shares in the company, valued at $303,282.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company’s stock.
Realogy Holdings Corp. 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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