Realogy (NYSE:RLGY) Stock Price Up 6.8%

Realogy Holdings Corp (NYSE:RLGY)’s share price rose 6.8% during mid-day trading on Thursday . The stock traded as high as $10.10 and last traded at $10.08. Approximately 1,366,631 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 2,703,109 shares. The stock had previously closed at $9.44.

RLGY has been the subject of several recent research reports. ValuEngine raised shares of Realogy from a “strong sell” rating to a “sell” rating in a research report on Friday, August 21st. Evercore ISI raised shares of Realogy from an “in-line” rating to an “outperform” rating and set a $13.00 price objective for the company in a research report on Friday, July 31st. Zelman & Associates raised shares of Realogy from a “hold” rating to a “buy” rating in a research report on Monday, August 3rd. Finally, Zacks Investment Research lowered shares of Realogy from a “buy” rating to a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Realogy presently has an average rating of “Hold” and an average target price of $9.64.

The stock’s 50-day moving average price is $10.67 and its 200-day moving average price is $7.00. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $1.16 billion, a P/E ratio of -1.91 and a beta of 2.92.

Realogy (NYSE:RLGY) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.30. Realogy had a negative net margin of 11.19% and a positive return on equity of 4.67%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the firm posted $0.83 EPS. Sell-side analysts expect that Realogy Holdings Corp will post 0.36 earnings per share for the current fiscal year.

In other Realogy news, Director Michael J. Williams purchased 5,000 shares of Realogy stock in a transaction dated Wednesday, August 19th. The shares were bought at an average cost of $10.60 per share, for a total transaction of $53,000.00. Following the transaction, the director now owns 102,460 shares in the company, valued at approximately $1,086,076. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.60% of the company’s stock.

Large investors have recently modified their holdings of the stock. APG Asset Management N.V. lifted its position in Realogy by 120.1% in the 1st quarter. APG Asset Management N.V. now owns 917,800 shares of the financial services provider’s stock valued at $9,318,000 after purchasing an additional 500,900 shares during the last quarter. IFP Advisors Inc lifted its position in Realogy by 102.6% in the 2nd quarter. IFP Advisors Inc now owns 23,882 shares of the financial services provider’s stock valued at $168,000 after purchasing an additional 12,094 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Realogy by 74.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,648,355 shares of the financial services provider’s stock valued at $27,034,000 after purchasing an additional 1,561,327 shares during the last quarter. New York State Common Retirement Fund increased its stake in Realogy by 35.4% during the 2nd quarter. New York State Common Retirement Fund now owns 105,100 shares of the financial services provider’s stock valued at $779,000 after buying an additional 27,500 shares during the period. Finally, State Street Corp increased its stake in Realogy by 2.5% during the 1st quarter. State Street Corp now owns 3,930,571 shares of the financial services provider’s stock valued at $11,831,000 after buying an additional 94,318 shares during the period.

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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