Realogy (NYSE:RLGY) Stock Price Down 7.1%

Shares of Realogy Holdings Corp (NYSE:RLGY) traded down 7.1% during trading on Thursday . The stock traded as low as $4.77 and last traded at $4.84, 5,147,737 shares changed hands during trading. An increase of 47% from the average session volume of 3,500,321 shares. The stock had previously closed at $5.21.

Several equities analysts recently commented on the stock. Barclays reduced their target price on shares of Realogy from $9.00 to $5.00 and set an “underweight” rating on the stock in a report on Thursday, July 11th. Stephens lowered shares of Realogy from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $16.00 to $8.00 in a report on Monday, June 10th. Compass Point raised shares of Realogy from a “sell” rating to a “neutral” rating in a report on Monday, July 8th. Finally, Zacks Investment Research raised shares of Realogy from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $12.00.

The stock has a market capitalization of $595.05 million, a price-to-earnings ratio of 3.31 and a beta of 1.70. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.83. The business has a fifty day simple moving average of $6.23.

Realogy (NYSE:RLGY) last announced its quarterly earnings results 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). The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.16 billion. Realogy had a net margin of 1.76% and a return on equity of 6.82%. The company’s revenue was down 9.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.38) EPS. Sell-side analysts predict that Realogy Holdings Corp will post 1.05 EPS for the current year.

In other news, CEO Ryan M. Schneider purchased 119,300 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were acquired at an average price of $8.38 per share, with a total value of $999,734.00. Following the acquisition, the chief executive officer now directly owns 352,761 shares in the company, valued at $2,956,137.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.20% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in RLGY. Comerica Bank raised its holdings in shares of Realogy by 47.1% during the second quarter. Comerica Bank now owns 110,070 shares of the financial services provider’s stock valued at $601,000 after purchasing an additional 35,221 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Realogy during the second quarter valued at approximately $234,000. Signaturefd LLC raised its holdings in shares of Realogy by 1,373.6% during the second quarter. Signaturefd LLC now owns 4,082 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 3,805 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of Realogy by 57.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 33,950 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 12,410 shares during the last quarter. Finally, Aperio Group LLC raised its holdings in shares of Realogy by 93.7% during the second quarter. Aperio Group LLC now owns 260,661 shares of the financial services provider’s stock valued at $1,887,000 after purchasing an additional 126,124 shares during the last quarter.

Realogy Company Profile (NYSE:RLGY)

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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