Realogy (NYSE:RLGY) Hits New 12-Month Low at $4.52

Realogy Holdings Corp (NYSE:RLGY)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $4.52 and last traded at $4.64, with a volume of 1317963 shares traded. The stock had previously closed at $4.97.

RLGY has been the topic of a number of recent analyst reports. Stephens lowered Realogy from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $16.00 to $8.00 in a research report on Monday, June 10th. Barclays lowered their price target on Realogy from $9.00 to $5.00 and set an “underweight” rating on the stock in a report on Thursday, July 11th. Compass Point upgraded Realogy from a “sell” rating to a “neutral” rating in a report on Monday, July 8th. Finally, Zacks Investment Research upgraded 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 company’s stock. The stock has an average rating of “Hold” and a consensus price target of $12.00.

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 firm has a market cap of $567.64 million, a price-to-earnings ratio of 3.14 and a beta of 1.70. The firm’s fifty day simple moving average is $6.23.

Realogy (NYSE:RLGY) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported ($0.67) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.67). Realogy had a return on equity of 6.82% and a net margin of 1.76%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the company posted ($0.38) earnings per share. Realogy’s revenue for the quarter was down 9.4% compared to the same quarter last year. On average, sell-side analysts expect that Realogy Holdings Corp will post 1.05 earnings per share for the current fiscal year.

In other news, CEO Ryan M. Schneider bought 119,300 shares of the stock in a transaction on Wednesday, May 8th. The shares were purchased at an average price of $8.38 per share, for a total transaction of $999,734.00. Following the completion of the purchase, the chief executive officer now directly owns 352,761 shares of the company’s stock, valued at approximately $2,956,137.18. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of RLGY. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Realogy during the 1st quarter worth about $25,000. Versant Capital Management Inc raised its holdings in Realogy by 21,411.8% in the 2nd quarter. Versant Capital Management Inc now owns 3,657 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 3,640 shares in the last quarter. Signaturefd LLC raised its holdings in Realogy by 1,373.6% in the 2nd quarter. Signaturefd LLC now owns 4,082 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 3,805 shares in the last quarter. World Asset Management Inc acquired a new position in Realogy in the 2nd quarter valued at approximately $83,000. Finally, NumerixS Investment Technologies Inc raised its holdings in Realogy by 40.4% in the 1st quarter. NumerixS Investment Technologies Inc now owns 8,000 shares of the financial services provider’s stock valued at $90,000 after acquiring an additional 2,300 shares in the last quarter.

About Realogy (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.

See Also: Marijuana Stocks

Receive News & Ratings for Realogy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realogy and related companies with MarketBeat.com's FREE daily email newsletter.