Clearbridge LLC Sells 79,996 Shares of Realogy Holdings Corp (RLGY)

Clearbridge LLC reduced its position in Realogy Holdings Corp (NYSE:RLGY) by 22.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,631 shares of the financial services provider’s stock after selling 79,996 shares during the quarter. Clearbridge LLC owned 0.24% of Realogy worth $4,090,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Enlightenment Research LLC bought a new position in Realogy in the fourth quarter worth about $31,000. Oregon Public Employees Retirement Fund raised its holdings in Realogy by 6,652.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 717,764 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 707,135 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in Realogy by 87.6% in the third quarter. Panagora Asset Management Inc. now owns 6,638 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 3,100 shares in the last quarter. Quantamental Technologies LLC bought a new position in Realogy in the fourth quarter worth about $151,000. Finally, Dupont Capital Management Corp bought a new position in Realogy in the fourth quarter worth about $189,000.

RLGY opened at $11.86 on Friday. Realogy Holdings Corp has a 52-week low of $11.61 and a 52-week high of $28.07. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market cap of $1.37 billion, a PE ratio of 7.91, a P/E/G ratio of 0.45 and a beta of 1.36.



Realogy (NYSE:RLGY) last posted its quarterly earnings data on Tuesday, February 26th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.08). Realogy had a net margin of 2.25% and a return on equity of 7.77%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the company earned $0.26 EPS. The business’s revenue was down 6.2% compared to the same quarter last year. On average, analysts anticipate that Realogy Holdings Corp will post 1.34 earnings per share for the current fiscal year.

Realogy declared that its board has initiated a stock buyback plan 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 stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 25th. Stockholders of record on Monday, March 11th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, March 8th. This represents a $0.36 annualized dividend and a dividend yield of 3.04%. Realogy’s dividend payout ratio (DPR) is currently 24.00%.

A number of equities analysts have commented on the stock. Barclays reduced their target price on shares of Realogy from $17.00 to $13.00 and set an “underweight” rating for the company in a report on Wednesday, February 27th. Compass Point downgraded shares of Realogy from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $16.50 to $11.25 in a report on Wednesday, February 27th. Zacks Investment Research downgraded shares of Realogy from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 21st. JPMorgan Chase & Co. reduced their target price on shares of Realogy to $14.00 and set an “underweight” rating for the company in a report on Tuesday, March 5th. Finally, Susquehanna Bancshares assumed coverage on shares of Realogy in a report on Thursday, November 29th. They issued a “hold” rating and a $20.00 target price for the company. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Realogy has an average rating of “Hold” and a consensus target price of $20.04.

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Realogy 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.

Further Reading: How to find the components of the quick ratio

Institutional Ownership by Quarter for Realogy (NYSE:RLGY)

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