Pzena Investment Management LLC Raises Stake in Realogy Holdings Corp (RLGY)

Pzena Investment Management LLC lifted its position in Realogy Holdings Corp (NYSE:RLGY) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,116,972 shares of the financial services provider’s stock after acquiring an additional 59,644 shares during the quarter. Pzena Investment Management LLC owned 2.64% of Realogy worth $64,334,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FIL Ltd raised its stake in Realogy by 129.3% during the 3rd quarter. FIL Ltd now owns 36,521 shares of the financial services provider’s stock valued at $755,000 after acquiring an additional 20,595 shares in the last quarter. Ffcm LLC raised its stake in shares of Realogy by 20.5% in the 3rd quarter. Ffcm LLC now owns 98,074 shares of the financial services provider’s stock worth $2,024,000 after buying an additional 16,684 shares in the last quarter. American International Group Inc. raised its stake in shares of Realogy by 10,571.3% in the 3rd quarter. American International Group Inc. now owns 252,164 shares of the financial services provider’s stock worth $5,205,000 after buying an additional 249,801 shares in the last quarter. BlackRock Inc. raised its stake in shares of Realogy by 89.1% in the 3rd quarter. BlackRock Inc. now owns 11,293,484 shares of the financial services provider’s stock worth $233,097,000 after buying an additional 5,320,228 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Realogy by 132.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,423,116 shares of the financial services provider’s stock worth $29,374,000 after buying an additional 810,819 shares in the last quarter.

In related news, Director Michael J. Williams bought 5,000 shares of the business’s stock in a transaction dated Friday, November 16th. The shares were bought at an average cost of $16.94 per share, with a total value of $84,700.00. Following the completion of the transaction, the director now directly owns 49,455 shares of the company’s stock, valued at $837,767.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Duncan L. Niederauer purchased 10,000 shares of the stock in a transaction dated Monday, November 12th. The shares were acquired at an average price of $17.85 per share, for a total transaction of $178,500.00. Following the acquisition, the director now directly owns 40,868 shares of the company’s stock, valued at approximately $729,493.80. The disclosure for this purchase can be found here. 0.78% of the stock is owned by insiders.

RLGY opened at $17.87 on Friday. The firm has a market capitalization of $2.14 billion, a PE ratio of 11.38, a PEG ratio of 0.55 and a beta of 1.19. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.58 and a current ratio of 0.58. Realogy Holdings Corp has a one year low of $16.85 and a one year high of $28.07.

Realogy (NYSE:RLGY) last announced its earnings results on Friday, November 2nd. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.07). The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.71 billion. Realogy had a return on equity of 8.74% and a net margin of 6.71%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. On average, research analysts forecast that Realogy Holdings Corp will post 1.65 EPS for the current year.

The business also recently announced 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. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Wednesday, November 14th. Realogy’s dividend payout ratio (DPR) is presently 22.93%.

A number of research firms have recently commented on RLGY. Zacks Investment Research downgraded Realogy from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Barclays set a $17.00 price objective on Realogy and gave the stock a “sell” rating in a research note on Monday, November 5th. Finally, Piper Jaffray Companies downgraded Realogy from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $32.00 to $19.00 in a research note on Monday, November 5th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $27.86.

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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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Institutional Ownership by Quarter for Realogy (NYSE:RLGY)

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