Realogy (RLGY) Sets New 12-Month Low on Disappointing Earnings

Realogy Holdings Corp (NYSE:RLGY) hit a new 52-week low on Friday following a dissappointing earnings announcement. The stock traded as low as $17.50 and last traded at $18.06, with a volume of 240461 shares changing hands. The stock had previously closed at $20.07.

The financial services provider reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.07). Realogy had a net margin of 6.58% and a return on equity of 8.32%. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the firm posted $0.71 EPS. The firm’s quarterly revenue was up .1% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 29th. Investors of record on Thursday, November 15th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.03%. Realogy’s dividend payout ratio (DPR) is 22.93%.

Separately, Zacks Investment Research upgraded shares of Realogy from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $30.86.

Several institutional investors and hedge funds have recently added to or reduced their stakes in RLGY. Pzena Investment Management LLC lifted its stake in shares of Realogy by 996.9% during the 2nd quarter. Pzena Investment Management LLC now owns 3,057,328 shares of the financial services provider’s stock valued at $69,707,000 after buying an additional 2,778,604 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Realogy by 36.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,522,809 shares of the financial services provider’s stock worth $148,721,000 after purchasing an additional 1,750,240 shares in the last quarter. EdgePoint Investment Group Inc. lifted its stake in Realogy by 12.9% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 15,200,848 shares of the financial services provider’s stock worth $346,579,000 after purchasing an additional 1,737,469 shares in the last quarter. Magnolia Group LLC purchased a new stake in Realogy in the 2nd quarter worth $26,217,000. Finally, Segall Bryant & Hamill LLC purchased a new stake in Realogy in the 2nd quarter worth $18,890,000.

The company has a market capitalization of $2.20 billion, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 0.49 and a beta of 1.19. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.26.

Realogy Company Profile (NYSE:RLGY)

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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