Oppenheimer & Co. Inc. Buys 6,250 Shares of Realogy Holdings Corp (RLGY)

Oppenheimer & Co. Inc. increased its stake in shares of Realogy Holdings Corp (NYSE:RLGY) by 27.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,236 shares of the financial services provider’s stock after buying an additional 6,250 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Realogy were worth $603,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Point72 Hong Kong Ltd boosted its position in Realogy by 649.3% in the second quarter. Point72 Hong Kong Ltd now owns 6,849 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 5,935 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new position in Realogy in the second quarter worth $158,000. Federated Investors Inc. PA purchased a new position in Realogy in the second quarter worth $222,000. First Hawaiian Bank purchased a new position in Realogy in the third quarter worth $302,000. Finally, Securian Asset Management Inc purchased a new position in Realogy in the third quarter worth $313,000.

Shares of NYSE RLGY opened at $18.94 on Thursday. Realogy Holdings Corp has a one year low of $17.43 and a one year high of $28.07. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.56 and a current ratio of 0.58. The firm has a market cap of $2.17 billion, a PE ratio of 12.06, a PEG ratio of 0.53 and a beta of 1.19.

Realogy (NYSE:RLGY) last issued its quarterly earnings results on Friday, November 2nd. The financial services provider reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.07). Realogy had a net margin of 6.71% and a return on equity of 8.74%. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the company earned $0.71 EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. As a group, research analysts expect that Realogy Holdings Corp will post 1.74 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 29th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, November 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.90%. Realogy’s dividend payout ratio is presently 22.93%.

Several research analysts have weighed in on RLGY shares. Barclays set a $17.00 price objective on Realogy and gave the stock a “sell” rating in a research report on Monday. Piper Jaffray Companies cut Realogy from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $32.00 to $19.00 in a research report on Monday. Finally, Zacks Investment Research raised Realogy from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $27.86.

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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.

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Institutional Ownership by Quarter for Realogy (NYSE:RLGY)

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