Los Angeles Capital Management & Equity Research Inc. lowered its holdings in Realogy Holdings Corp (NYSE:RLGY) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,675 shares of the financial services provider’s stock after selling 4,910 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned about 0.08% of Realogy worth $2,341,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. DekaBank Deutsche Girozentrale purchased a new position in Realogy in the first quarter worth $180,000. Brinker Capital Inc. purchased a new position in Realogy in the first quarter worth $217,000. Element Capital Management LLC purchased a new position in Realogy in the first quarter worth $283,000. Great Lakes Advisors LLC purchased a new position in Realogy in the first quarter worth $299,000. Finally, State of Alaska Department of Revenue boosted its position in Realogy by 40.0% in the second quarter. State of Alaska Department of Revenue now owns 14,590 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 4,170 shares during the last quarter.
Several research analysts have weighed in on the company. Zacks Investment Research cut Realogy from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. ValuEngine cut Realogy from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Finally, Citigroup cut their price objective on Realogy from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, May 4th. Five equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $31.75.
Realogy (NYSE:RLGY) last issued its earnings results on Friday, August 3rd. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.01. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.82 billion. Realogy had a return on equity of 8.32% and a net margin of 6.58%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 earnings per share. research analysts anticipate that Realogy Holdings Corp will post 1.83 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 30th. Shareholders of record on Thursday, August 16th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, August 15th. This represents a $0.36 annualized dividend and a dividend yield of 1.77%. Realogy’s payout ratio is presently 22.93%.
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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