Sei Investments Co. Boosts Position in Realogy Holdings Corp. (RLGY)

Sei Investments Co. boosted its position in shares of Realogy Holdings Corp. (NYSE:RLGY) by 9,646.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,053 shares of the financial services provider’s stock after buying an additional 20,837 shares during the period. Sei Investments Co.’s holdings in Realogy Holdings Corp. were worth $627,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in shares of Realogy Holdings Corp. by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,488,937 shares of the financial services provider’s stock worth $38,311,000 after buying an additional 50,030 shares in the last quarter. Glen Harbor Capital Management LLC increased its stake in shares of Realogy Holdings Corp. by 52.0% in the first quarter. Glen Harbor Capital Management LLC now owns 178,296 shares of the financial services provider’s stock worth $5,312,000 after buying an additional 60,962 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of Realogy Holdings Corp. by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 12,800 shares of the financial services provider’s stock worth $329,000 after buying an additional 100 shares in the last quarter. Norges Bank bought a new stake in shares of Realogy Holdings Corp. during the fourth quarter worth about $46,947,000. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of Realogy Holdings Corp. by 7.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 240,622 shares of the financial services provider’s stock worth $6,191,000 after buying an additional 17,691 shares in the last quarter.

Institutional Ownership by Quarter for Realogy Holdings Corp. (NYSE:RLGY)

Shares of Realogy Holdings Corp. (RLGY) opened at 30.75 on Wednesday. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 19.49 and a beta of 1.41. The firm has a 50-day moving average price of $30.38 and a 200-day moving average price of $28.18. Realogy Holdings Corp. has a 1-year low of $21.43 and a 1-year high of $31.53.

Realogy Holdings Corp. (NYSE:RLGY) last announced its quarterly earnings results on Thursday, May 4th. The financial services provider reported ($0.16) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.03. Realogy Holdings Corp. had a return on equity of 9.57% and a net margin of 3.86%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the company posted ($0.12) EPS. The company’s quarterly revenue was up 6.1% on a year-over-year basis. Equities analysts forecast that Realogy Holdings Corp. will post $1.67 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Wednesday, May 17th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Monday, May 15th. Realogy Holdings Corp.’s dividend payout ratio (DPR) is presently 23.08%.

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RLGY has been the subject of a number of analyst reports. Wedbush restated an “outperform” rating and issued a $32.00 price target on shares of Realogy Holdings Corp. in a research report on Monday, February 27th. Piper Jaffray Companies restated an “overweight” rating and issued a $40.00 price target on shares of Realogy Holdings Corp. in a research report on Friday, March 24th. TheStreet upgraded Realogy Holdings Corp. from a “c+” rating to a “b-” rating in a research report on Wednesday, April 19th. Deutsche Bank AG upgraded Realogy Holdings Corp. from a “hold” rating to a “buy” rating and raised their price target for the stock from $32.00 to $38.00 in a research report on Friday, May 5th. Finally, Compass Point downgraded Realogy Holdings Corp. from a “buy” rating to a “neutral” rating and raised their price target for the stock from $31.00 to $32.00 in a research report on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $34.11.

About Realogy Holdings Corp.

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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