APG Asset Management N.V. Has $1.95 Million Stock Position in Re/Max Holdings Inc (NYSE:RMAX)

APG Asset Management N.V. cut its stake in Re/Max Holdings Inc (NYSE:RMAX) by 39.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 88,997 shares of the financial services provider’s stock after selling 57,200 shares during the period. APG Asset Management N.V.’s holdings in Re/Max were worth $1,951,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its position in Re/Max by 39.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,223 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 343 shares during the last quarter. Penserra Capital Management LLC boosted its position in shares of Re/Max by 51.8% during the 4th quarter. Penserra Capital Management LLC now owns 2,064 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 704 shares in the last quarter. Center for Financial Planning Inc. boosted its position in shares of Re/Max by 44.2% during the 1st quarter. Center for Financial Planning Inc. now owns 4,325 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 1,325 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Re/Max by 2,269.2% during the first quarter. Nisa Investment Advisors LLC now owns 6,160 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 5,900 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in Re/Max by 13.4% in the first quarter. BNP Paribas Arbitrage SA now owns 7,108 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 842 shares in the last quarter. 98.15% of the stock is owned by institutional investors and hedge funds.

RMAX opened at $30.74 on Wednesday. Re/Max Holdings Inc has a 1 year low of $14.40 and a 1 year high of $40.78. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $556.29 million, a price-to-earnings ratio of 23.65 and a beta of 1.58. The firm’s fifty day moving average price is $29.01 and its two-hundred day moving average price is $30.57.

Re/Max (NYSE:RMAX) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.11. Re/Max had a net margin of 8.27% and a return on equity of 49.97%. The firm had revenue of $70.30 million during the quarter, compared to analyst estimates of $70.26 million. During the same quarter last year, the business posted $0.48 EPS. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. As a group, equities analysts anticipate that Re/Max Holdings Inc will post 1.48 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were issued a dividend of $0.22 per share. The ex-dividend date was Monday, May 18th. This represents a $0.88 dividend on an annualized basis and a yield of 2.86%. Re/Max’s dividend payout ratio (DPR) is currently 45.60%.

Several brokerages recently issued reports on RMAX. ValuEngine raised shares of Re/Max from a “sell” rating to a “hold” rating in a research note on Friday, May 1st. Stephens raised Re/Max from an “equal weight” rating to an “overweight” rating and set a $38.00 target price for the company in a research report on Friday, March 13th. William Blair lowered Re/Max from an “outperform” rating to a “market perform” rating in a report on Friday, May 8th. Zacks Investment Research upgraded Re/Max from a “sell” rating to a “hold” rating in a report on Friday, May 8th. Finally, Compass Point upgraded Re/Max from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Friday, May 8th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $37.17.

Re/Max Profile

RE/MAX Holdings, Inc operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company offers its real estate franchise services under the RE/MAX brand name; and mortgage brokerage services under the Motto Mortgage brand. It also provides real estate technology solutions.

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Institutional Ownership by Quarter for Re/Max (NYSE:RMAX)

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