Public Employees Retirement Association of Colorado Sells 4,291 Shares of Realogy Holdings Corp (RLGY)

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Public Employees Retirement Association of Colorado lowered its stake in Realogy Holdings Corp (NYSE:RLGY) by 16.5% during the first quarter, Holdings Channel reports. The fund owned 21,735 shares of the financial services provider’s stock after selling 4,291 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Realogy were worth $248,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in RLGY. Enlightenment Research LLC bought a new position in Realogy during the fourth quarter worth about $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Realogy during the first quarter worth about $25,000. Quantamental Technologies LLC bought a new position in Realogy during the fourth quarter worth about $151,000. Dupont Capital Management Corp bought a new position in Realogy during the fourth quarter worth about $189,000. Finally, Fox Run Management L.L.C. bought a new position in Realogy during the fourth quarter worth about $302,000.

Shares of NYSE:RLGY opened at $7.81 on Friday. Realogy Holdings Corp has a 12-month low of $7.81 and a 12-month high of $25.08. The company has a market cap of $892.00 million, a PE ratio of 6.45, a PEG ratio of 0.33 and a beta of 1.39. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.58 and a quick ratio of 0.58.

Realogy (NYSE:RLGY) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported ($0.67) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.67). Realogy had a return on equity of 6.82% and a net margin of 1.76%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the company posted ($0.38) earnings per share. The business’s revenue was down 9.4% on a year-over-year basis. As a group, sell-side analysts predict that Realogy Holdings Corp will post 1.17 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date is Tuesday, May 14th. Realogy’s dividend payout ratio is presently 24.00%.

Realogy announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 26th that authorizes the company to repurchase $175.00 million in shares. This repurchase authorization authorizes the financial services provider to purchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

RLGY has been the subject of a number of research analyst reports. Compass Point initiated coverage on Realogy in a report on Thursday, January 24th. They set a “neutral” rating and a $16.50 price target for the company. JPMorgan Chase & Co. reduced their price target on Realogy to $14.00 and set an “underweight” rating for the company in a report on Tuesday, March 5th. Finally, Barclays reduced their price target on Realogy from $17.00 to $13.00 and set an “underweight” rating for the company in a report on Wednesday, February 27th. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The stock presently has an average rating of “Sell” and an average target price of $13.60.

In other news, CEO Ryan M. Schneider acquired 119,300 shares of Realogy stock in a transaction dated Wednesday, May 8th. The stock was bought at an average price of $8.38 per share, for a total transaction of $999,734.00. Following the completion of the acquisition, the chief executive officer now directly owns 352,761 shares in the company, valued at approximately $2,956,137.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders have bought 122,520 shares of company stock valued at $1,032,327. Corporate insiders own 1.20% of the company’s stock.

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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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Institutional Ownership by Quarter for Realogy (NYSE:RLGY)

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