Realogy (RLGY) Stock Rating Lowered by TheStreet

Realogy (NYSE:RLGY) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c+” rating in a report released on Monday.

Other equities research analysts have also recently issued research reports about the stock. Piper Jaffray Companies reissued a “buy” rating and set a $36.00 price target on shares of Realogy in a research report on Friday, December 22nd. JPMorgan Chase & Co. dropped their price target on shares of Realogy to $30.00 and set a “neutral” rating for the company in a research report on Wednesday, December 6th. BidaskClub cut shares of Realogy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Keefe, Bruyette & Woods cut shares of Realogy from an “outperform” rating to a “market perform” rating and set a $38.00 target price for the company. in a research report on Tuesday, October 10th. Finally, Citigroup dropped their target price on shares of Realogy from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, November 6th. Four analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Realogy currently has a consensus rating of “Hold” and an average target price of $34.78.

Shares of Realogy (NYSE RLGY) traded up $0.69 on Monday, reaching $27.55. 1,564,681 shares of the company’s stock traded hands, compared to its average volume of 1,547,435. The stock has a market cap of $3,620.00, a PE ratio of 16.50, a P/E/G ratio of 0.74 and a beta of 1.33. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.41. Realogy has a fifty-two week low of $25.14 and a fifty-two week high of $35.18.

Realogy (NYSE:RLGY) last announced its quarterly earnings results on Friday, November 3rd. The financial services provider reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.10). The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Realogy had a net margin of 3.86% and a return on equity of 9.08%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.74 EPS. analysts predict that Realogy will post 1.55 earnings per share for the current fiscal year.

In related news, Director Duncan L. Niederauer bought 5,000 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was purchased at an average cost of $26.47 per share, with a total value of $132,350.00. Following the transaction, the director now owns 25,141 shares in the company, valued at approximately $665,482.27. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Federated Investors Inc. PA bought a new position in shares of Realogy in the 2nd quarter worth about $101,000. Mckinley Capital Management LLC Delaware bought a new position in shares of Realogy in the 2nd quarter worth about $119,000. PNC Financial Services Group Inc. increased its stake in shares of Realogy by 0.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,153 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 17 shares in the last quarter. Tocqueville Asset Management L.P. bought a new position in shares of Realogy in the 3rd quarter worth about $201,000. Finally, Petrus Trust Company LTA bought a new position in shares of Realogy in the 2nd quarter worth about $202,000.

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About Realogy

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 (NYSE:RLGY)

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