State of Alaska Department of Revenue grew its stake in Realogy Holdings Corp (NYSE:RLGY) by 65.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 87,825 shares of the financial services provider’s stock after acquiring an additional 34,698 shares during the quarter. State of Alaska Department of Revenue owned 0.08% of Realogy worth $586,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in RLGY. BlackRock Inc. boosted its holdings in Realogy by 65.8% in the second quarter. BlackRock Inc. now owns 18,211,448 shares of the financial services provider’s stock worth $131,850,000 after acquiring an additional 7,225,274 shares in the last quarter. Morgan Stanley boosted its holdings in Realogy by 462.4% in the second quarter. Morgan Stanley now owns 2,975,296 shares of the financial services provider’s stock worth $21,541,000 after acquiring an additional 2,446,262 shares in the last quarter. Schroder Investment Management Group boosted its holdings in Realogy by 1,709.0% in the second quarter. Schroder Investment Management Group now owns 859,287 shares of the financial services provider’s stock worth $6,221,000 after acquiring an additional 811,786 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in Realogy in the second quarter worth $5,294,000. Finally, Invesco Ltd. boosted its holdings in Realogy by 171.0% in the second quarter. Invesco Ltd. now owns 1,077,833 shares of the financial services provider’s stock worth $7,804,000 after acquiring an additional 680,150 shares in the last quarter.
RLGY has been the subject of several recent analyst reports. Evercore ISI restated a “hold” rating and issued a $8.00 price target on shares of Realogy in a research note on Sunday, August 11th. Barclays decreased their price target on Realogy from $9.00 to $5.00 and set an “underweight” rating for the company in a research note on Thursday, July 11th. Zacks Investment Research upgraded Realogy from a “hold” rating to a “strong-buy” rating and set a $7.50 price target for the company in a research note on Wednesday, October 9th. Compass Point set a $7.00 price target on Realogy and gave the stock a “hold” rating in a research note on Friday, August 9th. Finally, ValuEngine upgraded Realogy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $10.81.
Realogy (NYSE:RLGY) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Realogy had a return on equity of 5.57% and a net margin of 0.87%. Realogy’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 earnings per share. Equities research analysts predict that Realogy Holdings Corp will post 1.08 EPS for the current fiscal year.
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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