Levin Capital Strategies L.P. lowered its stake in shares of Realogy Holdings Corp (NYSE:RLGY) by 20.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 216,389 shares of the financial services provider’s stock after selling 55,886 shares during the period. Levin Capital Strategies L.P. owned about 0.15% of Realogy Holdings Corp worth $6,446,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in RLGY. Financial Advantage Inc. boosted its stake in shares of Realogy Holdings Corp by 9.3% in the first quarter. Financial Advantage Inc. now owns 40,680 shares of the financial services provider’s stock valued at $1,212,000 after buying an additional 3,450 shares in the last quarter. Stevens Capital Management LP bought a new stake in shares of Realogy Holdings Corp during the first quarter valued at about $1,722,000. Pioneer Investment Management Inc. bought a new stake in shares of Realogy Holdings Corp during the first quarter valued at about $7,203,000. Ameriprise Financial Inc. boosted its stake in shares of Realogy Holdings Corp by 14.4% in the first quarter. Ameriprise Financial Inc. now owns 121,784 shares of the financial services provider’s stock valued at $3,628,000 after buying an additional 15,326 shares in the last quarter. Finally, Denver Investment Advisors LLC boosted its stake in shares of Realogy Holdings Corp by 21.1% in the first quarter. Denver Investment Advisors LLC now owns 911,379 shares of the financial services provider’s stock valued at $27,150,000 after buying an additional 158,604 shares in the last quarter.
Shares of Realogy Holdings Corp (NYSE:RLGY) traded up 0.50% during midday trading on Friday, hitting $29.94. 1,114,535 shares of the stock were exchanged. Realogy Holdings Corp has a 12-month low of $21.43 and a 12-month high of $33.02. The firm has a market cap of $4.13 billion, a P/E ratio of 18.97 and a beta of 1.41. The stock’s 50 day moving average is $29.89 and its 200 day moving average is $27.10.
Realogy Holdings Corp (NYSE:RLGY) last issued its quarterly earnings results on Thursday, May 4th. The financial services provider reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.03. Realogy Holdings Corp had a net margin of 2.86% and a return on equity of 10.01%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm earned ($0.12) EPS. The business’s revenue was up 6.1% on a year-over-year basis. On average, equities research analysts forecast that Realogy Holdings Corp will post $1.67 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Wednesday, May 17th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Monday, May 15th. Realogy Holdings Corp’s dividend payout ratio (DPR) is presently 31.86%.
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Several brokerages have recently issued reports on RLGY. Deutsche Bank AG raised shares of Realogy Holdings Corp from a “hold” rating to a “buy” rating and boosted their price objective for the company from $32.00 to $38.00 in a research note on Monday. Compass Point cut shares of Realogy Holdings Corp from a “buy” rating to a “neutral” rating and upped their price target for the stock from $31.00 to $32.00 in a research report on Tuesday, May 9th. TheStreet raised shares of Realogy Holdings Corp from a “c+” rating to a “b-” rating in a research report on Wednesday, April 19th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $40.00 price target on shares of Realogy Holdings Corp in a research report on Friday, March 24th. Finally, Wedbush reaffirmed an “outperform” rating and set a $32.00 price target on shares of Realogy Holdings Corp in a research report on Monday, February 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.30.
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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