Realogy Holdings Corp (NYSE:RLGY) Director Michael J. Williams Purchases 2,500 Shares

Realogy Holdings Corp (NYSE:RLGY) Director Michael J. Williams purchased 2,500 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was purchased at an average price of $9.08 per share, for a total transaction of $22,700.00. Following the completion of the acquisition, the director now owns 71,068 shares of the company’s stock, valued at $645,297.44. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Realogy stock traded down $0.27 on Friday, hitting $7.09. The stock had a trading volume of 5,330,400 shares, compared to its average volume of 2,735,712. The company has a market capitalization of $825.74 million, a price-to-earnings ratio of 4.73 and a beta of 1.39. Realogy Holdings Corp has a twelve month low of $6.61 and a twelve month high of $25.08. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.83.

Realogy (NYSE:RLGY) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported ($0.67) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.67). The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.16 billion. Realogy had a return on equity of 6.82% and a net margin of 1.76%. The firm’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.38) earnings per share. As a group, equities research analysts predict that Realogy Holdings Corp will post 1.08 earnings per share for the current fiscal year.

Realogy announced that its Board of Directors has initiated a share buyback program on Tuesday, February 26th that authorizes the company to buyback $175.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Wednesday, May 15th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend was Tuesday, May 14th. Realogy’s dividend payout ratio is currently 24.00%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RLGY. JPMorgan Chase & Co. lifted its stake in Realogy by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 3,196,096 shares of the financial services provider’s stock worth $65,968,000 after purchasing an additional 233,295 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Realogy by 132.4% during the third quarter. Bank of New York Mellon Corp now owns 1,423,116 shares of the financial services provider’s stock worth $29,374,000 after purchasing an additional 810,819 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Realogy during the third quarter worth $6,914,000. Nordea Investment Management AB lifted its stake in Realogy by 82.6% during the third quarter. Nordea Investment Management AB now owns 227,861 shares of the financial services provider’s stock worth $4,704,000 after purchasing an additional 103,057 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Realogy by 42.8% during the third quarter. Legal & General Group Plc now owns 202,042 shares of the financial services provider’s stock worth $4,170,000 after purchasing an additional 60,533 shares during the last quarter.

A number of brokerages have weighed in on RLGY. Compass Point downgraded Realogy from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $16.50 to $11.25 in a research report on Wednesday, February 27th. Barclays lowered their price target on Realogy from $17.00 to $13.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 27th. Finally, JPMorgan Chase & Co. lowered their price target on Realogy to $14.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 5th. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The stock presently has a consensus rating of “Sell” and a consensus price target of $13.60.

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Realogy Company Profile

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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