Broadview Advisors LLC Sells 184,900 Shares of Realogy Holdings Corp (RLGY)

Broadview Advisors LLC decreased its position in shares of Realogy Holdings Corp (NYSE:RLGY) by 85.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,475 shares of the financial services provider’s stock after selling 184,900 shares during the period. Broadview Advisors LLC’s holdings in Realogy were worth $670,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of RLGY. California Public Employees Retirement System increased its position in shares of Realogy by 8.8% in the second quarter. California Public Employees Retirement System now owns 423,999 shares of the financial services provider’s stock worth $9,667,000 after purchasing an additional 34,377 shares during the period. Retirement Systems of Alabama bought a new position in shares of Realogy in the third quarter worth $3,308,000. Oppenheimer & Co. Inc. increased its position in shares of Realogy by 118.7% in the second quarter. Oppenheimer & Co. Inc. now owns 22,986 shares of the financial services provider’s stock worth $524,000 after purchasing an additional 12,475 shares during the period. Vident Investment Advisory LLC increased its position in shares of Realogy by 3.7% in the second quarter. Vident Investment Advisory LLC now owns 102,844 shares of the financial services provider’s stock worth $2,345,000 after purchasing an additional 3,689 shares during the period. Finally, State Treasurer State of Michigan bought a new position in shares of Realogy in the third quarter worth $947,000.

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

RLGY has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Realogy from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Piper Jaffray Companies cut Realogy from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $32.00 to $19.00 in a research report on Monday, November 5th. Finally, Barclays set a $17.00 price target on Realogy and gave the stock a “sell” rating in a research report on Monday, November 5th. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Realogy has a consensus rating of “Hold” and a consensus price target of $27.86.

Realogy stock opened at $18.46 on Friday. Realogy Holdings Corp has a 12-month low of $16.85 and a 12-month high of $28.07. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 0.55 and a beta of 1.19.

Realogy (NYSE:RLGY) last released its earnings results on Friday, November 2nd. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.07). Realogy had a net margin of 6.71% and a return on equity of 8.74%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The business’s revenue was up .1% on a year-over-year basis. As a group, equities analysts anticipate that Realogy Holdings Corp will post 1.65 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 29th. Shareholders of record on Thursday, November 15th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Wednesday, November 14th. Realogy’s dividend payout ratio is presently 22.93%.

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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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