Realogy Holdings Corp. (RLGY) Rating Lowered to Hold at BidaskClub

Realogy Holdings Corp. (NYSE:RLGY) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday.

Other research analysts also recently issued research reports about the stock. TheStreet raised shares of Realogy Holdings Corp. from a “c+” rating to a “b” rating in a report on Wednesday, August 9th. Keefe, Bruyette & Woods restated a “buy” rating and set a $38.00 target price on shares of Realogy Holdings Corp. in a research report on Friday, September 29th. Zacks Investment Research upgraded shares of Realogy Holdings Corp. from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Wednesday, September 27th. Deutsche Bank AG set a $42.00 target price on shares of Realogy Holdings Corp. and gave the company a “buy” rating in a research report on Tuesday, August 8th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $40.00 target price on shares of Realogy Holdings Corp. in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $34.75.

Realogy Holdings Corp. (NYSE:RLGY) last released its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.77 EPS for the quarter, beating 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 business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. The business’s revenue was up 7.9% on a year-over-year basis.

TRADEMARK VIOLATION WARNING: “Realogy Holdings Corp. (RLGY) Rating Lowered to Hold at BidaskClub” was first posted by Markets Daily and is the sole property of of Markets Daily. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this news story can be read at https://www.themarketsdaily.com/2017/10/13/realogy-holdings-corp-rlgy-rating-lowered-to-hold-at-bidaskclub.html.

In other news, SVP Timothy B. Gustavson sold 3,093 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $34.84, for a total transaction of $107,760.12. Following the sale, the senior vice president now directly owns 8,705 shares in the company, valued at approximately $303,282.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC raised its position in Realogy Holdings Corp. by 357.7% in the 2nd quarter. Lord Abbett & CO. LLC now owns 484,234 shares of the financial services provider’s stock worth $15,713,000 after purchasing an additional 378,434 shares during the period. Sterling Capital Management LLC raised its position in Realogy Holdings Corp. by 1.9% in the 2nd quarter. Sterling Capital Management LLC now owns 1,584,105 shares of the financial services provider’s stock worth $51,404,000 after purchasing an additional 28,789 shares during the period. Financial Partners Capital Management LLC raised its position in Realogy Holdings Corp. by 3.7% in the 2nd quarter. Financial Partners Capital Management LLC now owns 118,745 shares of the financial services provider’s stock worth $3,853,000 after purchasing an additional 4,290 shares during the period. Tower Research Capital LLC TRC purchased a new stake in Realogy Holdings Corp. in the 2nd quarter worth about $325,000. Finally, Cubist Systematic Strategies LLC raised its position in Realogy Holdings Corp. by 242.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 33,748 shares of the financial services provider’s stock worth $1,095,000 after purchasing an additional 23,880 shares during the period.

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)

Receive News & Ratings for Realogy Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realogy Holdings Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply