Arizona State Retirement System Acquires Shares of 88,062 Realogy Holdings Corp (RLGY)

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Arizona State Retirement System acquired a new position in shares of Realogy Holdings Corp (NYSE:RLGY) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 88,062 shares of the financial services provider’s stock, valued at approximately $1,818,000. Arizona State Retirement System owned about 0.07% of Realogy as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of RLGY. Point72 Hong Kong Ltd lifted its holdings 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 valued at $156,000 after buying an additional 5,935 shares during the period. NumerixS Investment Technologies Inc acquired a new position in Realogy in the second quarter valued at $158,000. Federated Investors Inc. PA acquired a new position in Realogy in the second quarter valued at $222,000. First Hawaiian Bank bought a new stake in Realogy in the third quarter valued at $302,000. Finally, Securian Asset Management Inc bought a new stake in Realogy in the third quarter valued at $313,000.

Several research firms have recently commented on RLGY. Zacks Investment Research raised shares of Realogy from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Piper Jaffray Companies downgraded shares of Realogy from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $32.00 to $19.00 in a research report on Monday, November 5th. Barclays set a $17.00 target price on shares of Realogy and gave the stock a “sell” rating in a research report on Monday, November 5th. Finally, Susquehanna Bancshares began coverage on shares of Realogy in a research report on Thursday, November 29th. They issued a “hold” rating and a $20.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $26.88.

Shares of RLGY stock traded up $0.50 during trading on Thursday, reaching $19.02. 1,765,500 shares of the company’s stock traded hands, compared to its average volume of 2,164,760. Realogy Holdings Corp has a 1 year low of $16.85 and a 1 year 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 $2.19 billion, a P/E ratio of 12.11, a PEG ratio of 0.56 and a beta of 1.13.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, November 29th. Stockholders of record on Thursday, November 15th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Wednesday, November 14th. Realogy’s payout ratio is 22.93%.

In other news, Director Michael J. Williams purchased 5,000 shares of the company’s stock in a transaction on Friday, November 16th. The stock was acquired at an average price of $16.94 per share, with a total value of $84,700.00. Following the transaction, the director now directly owns 49,455 shares of the company’s stock, valued at approximately $837,767.70. The acquisition 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 company’s stock in a transaction on 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 transaction, the director now directly owns 40,868 shares in the company, valued at $729,493.80. The disclosure for this purchase can be found here. 0.78% of the stock is owned by corporate insiders.

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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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