Realogy Holdings Corp. (NYSE:RLGY).
On October 6 analysts at Wedbush started covering RLGY giving it an initial rating of “Neutral”. August 22 investment analysts at Citigroup left the company rating at “Buy” but moved down the price target from $47.00 to $43.00.
On July 25 the company was upgraded to “Outperform” from “” in a statement from Keefe Bruyette & Woods. On July 12, 2016 the stock rating was set at “Overweight” in a report from Stephens & Co. which was a boost from the previous “” rating.
On May 13 the company was changed to a “Buy” by Compass Point up from the previous “” rating.
The company is now up since yesterday’s close of $32.29. The company announced a dividend for shareholders which was paid on Wednesday the 31st of May 2017. The dividend payment was $0.090 per share for the quarter which comes to $0.36 on an annualized basis. The dividend yield was $1.10. The ex-dividend date was set for Monday the 15th of May 2017.
Shares are trading at $32.81 a tad higher than $30.58, the 50 day moving average and a bit higher than the 200 day moving average of $28.45. The 50 day moving average was up by +6.96% whereas the 200 day average was up by +14.98%.
Realogy Holdings Corp., launched on December 14, 2006, 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 brands in the real estate industry; owner of the United States residential real estate brokerage offices; provider of outsourced employee relocation services, and a provider of title and settlement services. The Company operates through four segments: Real Estate Franchise Services (RFG), Company Owned Real Estate Brokerage Services (NRT), Relocation Services (Cartus), and Title and Settlement Services (TRG). Its operating platform is supported by its portfolio of franchise brokerage brands, including Century 21, Coldwell Banker, Coldwell Banker Commercial, ERA, Sotheby’s International Realty and Better Homes and Gardens Real Estate. It also owns and operates Corcoran, Citi Habitats and ZipRealty brands..
The P/E ratio is 20.73 and the market value is 4.51B. In the last earnings report the EPS was $1.58 and is expected to be $1.67 for the current year with 137,993,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.82 with next year’s EPS projected to be $1.93.