Realogy Holdings Corp. (RLGY) Rating Lowered to Market Perform at Keefe, Bruyette & Woods

Realogy Holdings Corp. (NYSE:RLGY) was downgraded by investment analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research report issued on Tuesday.

A number of other equities analysts also recently commented on RLGY. BidaskClub upgraded shares of Realogy Holdings Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research upgraded shares of Realogy Holdings Corp. from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Wednesday, July 5th. Wedbush boosted their target price on shares of Realogy Holdings Corp. from $32.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 12th. Barclays PLC reiterated an “underweight” rating on shares of Realogy Holdings Corp. in a research note on Thursday, July 13th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $40.00 target price 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 assigned a hold rating and five have assigned a buy rating to the company. Realogy Holdings Corp. presently has a consensus rating of “Hold” and an average target price of $34.75.

Shares of Realogy Holdings Corp. (NYSE:RLGY) opened at 33.37 on Tuesday. Realogy Holdings Corp. has a one year low of $21.43 and a one year high of $35.18. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 19.45 and a beta of 1.39. The stock’s 50 day moving average price is $33.93 and its 200 day moving average price is $31.99.

Realogy Holdings Corp. (NYSE:RLGY) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.73 billion. Realogy Holdings Corp. had a net margin of 4.06% and a return on equity of 9.53%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 earnings per share. Analysts forecast that Realogy Holdings Corp. will post $1.73 earnings per share for the current year.

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In other Realogy Holdings Corp. news, SVP Timothy B. Gustavson sold 3,093 shares of the company’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 8,705 shares in the company, valued at $303,282.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RLGY. Bank of New York Mellon Corp raised its holdings in shares of Realogy Holdings Corp. by 13.9% in the first quarter. Bank of New York Mellon Corp now owns 641,397 shares of the financial services provider’s stock valued at $19,107,000 after buying an additional 78,206 shares during the last quarter. Comerica Bank purchased a new stake in shares of Realogy Holdings Corp. in the first quarter valued at about $239,000. UBS Asset Management Americas Inc. raised its holdings in shares of Realogy Holdings Corp. by 24.6% in the first quarter. UBS Asset Management Americas Inc. now owns 117,537 shares of the financial services provider’s stock valued at $3,501,000 after buying an additional 23,189 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Realogy Holdings Corp. by 9,646.8% in the first quarter. Sei Investments Co. now owns 21,053 shares of the financial services provider’s stock valued at $627,000 after buying an additional 20,837 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings 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 during the last quarter.

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.

Analyst Recommendations for Realogy Holdings Corp. (NYSE:RLGY)

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