Quantum Capital Management LLC NJ boosted its holdings in Realogy Holdings Corp (NYSE:RLGY) by 37.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 513,417 shares of the financial services provider’s stock after purchasing an additional 139,438 shares during the quarter. Realogy makes up 4.0% of Quantum Capital Management LLC NJ’s portfolio, making the stock its 10th biggest holding. Quantum Capital Management LLC NJ owned approximately 0.40% of Realogy worth $14,006,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Schroder Investment Management Group grew its position in Realogy by 6.8% during the first quarter. Schroder Investment Management Group now owns 39,755 shares of the financial services provider’s stock valued at $1,085,000 after acquiring an additional 2,515 shares during the period. Landscape Capital Management L.L.C. grew its position in Realogy by 39.8% during the fourth quarter. Landscape Capital Management L.L.C. now owns 12,681 shares of the financial services provider’s stock valued at $336,000 after acquiring an additional 3,608 shares during the period. SG Americas Securities LLC grew its position in Realogy by 18.0% during the fourth quarter. SG Americas Securities LLC now owns 23,987 shares of the financial services provider’s stock valued at $636,000 after acquiring an additional 3,654 shares during the period. Swiss National Bank grew its position in Realogy by 1.6% during the first quarter. Swiss National Bank now owns 236,900 shares of the financial services provider’s stock valued at $6,463,000 after acquiring an additional 3,800 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Realogy during the first quarter valued at about $180,000.
Shares of Realogy opened at $24.07 on Tuesday, according to Marketbeat. Realogy Holdings Corp has a 1-year low of $23.13 and a 1-year high of $35.18. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $3.15 billion, a PE ratio of 18.28, a P/E/G ratio of 0.68 and a beta of 1.15.
Realogy declared that its board has approved a stock buyback program on Tuesday, February 27th that allows the company to repurchase $350.00 million in outstanding shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 30th. Stockholders of record on Wednesday, May 16th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Tuesday, May 15th. Realogy’s payout ratio is 22.93%.
A number of equities research analysts have issued reports on the company. ValuEngine downgraded Realogy from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised Realogy from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. Citigroup lowered their price target on Realogy from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, May 4th. Stephens reissued a “buy” rating and set a $33.00 price target on shares of Realogy in a research report on Friday, February 23rd. Finally, Deutsche Bank set a $35.00 price target on Realogy and gave the company a “buy” rating in a research report on Wednesday, February 28th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $32.33.
Realogy Company 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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