Realogy (NYSE:RLGY) Lowered to Negative at Susquehanna Bancshares

Realogy (NYSE:RLGY) was downgraded by Susquehanna Bancshares from a “neutral” rating to a “negative” rating in a report released on Monday, MarketBeat.com reports. They currently have a $6.00 target price on the financial services provider’s stock, down from their prior target price of $7.00. Susquehanna Bancshares’ target price suggests a potential downside of 37.89% from the company’s current price.

RLGY has been the topic of a number of other research reports. ValuEngine raised shares of Realogy from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Compass Point set a $7.00 price objective on shares of Realogy and gave the stock a “hold” rating in a report on Friday, August 9th. Evercore ISI reissued a “hold” rating and set a $9.00 price objective on shares of Realogy in a report on Monday. Finally, Zacks Investment Research raised shares of Realogy from a “hold” rating to a “strong-buy” rating and set a $7.50 price objective on the stock in a report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $7.79.

RLGY opened at $9.66 on Monday. The firm’s 50-day simple moving average is $7.90 and its 200-day simple moving average is $7.02. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.71 and a current ratio of 0.71. Realogy has a twelve month low of $4.33 and a twelve month high of $19.73. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 6.44 and a beta of 1.72.

Realogy (NYSE:RLGY) last posted its earnings results on Thursday, November 7th. The financial services provider reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.18). Realogy had a positive return on equity of 4.38% and a negative net margin of 2.09%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the company posted $0.85 EPS. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Realogy will post 1.01 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. lifted its position in Realogy by 65.8% during the 2nd quarter. BlackRock Inc. now owns 18,211,448 shares of the financial services provider’s stock valued at $131,850,000 after purchasing an additional 7,225,274 shares during the period. Morgan Stanley raised its position in shares of Realogy by 462.4% in the 2nd quarter. Morgan Stanley now owns 2,975,296 shares of the financial services provider’s stock valued at $21,541,000 after acquiring an additional 2,446,262 shares during the period. Schroder Investment Management Group raised its position in shares of Realogy by 1,709.0% in the 2nd quarter. Schroder Investment Management Group now owns 859,287 shares of the financial services provider’s stock valued at $6,221,000 after acquiring an additional 811,786 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of Realogy in the 2nd quarter valued at approximately $5,294,000. Finally, Invesco Ltd. raised its position in shares of Realogy by 171.0% in the 2nd quarter. Invesco Ltd. now owns 1,077,833 shares of the financial services provider’s stock valued at $7,804,000 after acquiring an additional 680,150 shares during the period.

About Realogy

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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