Piper Jaffray Companies reiterated their buy rating on shares of Realogy Holdings Corp. (NYSE:RLGY) in a report issued on Friday. The brokerage currently has a $40.00 target price on the financial services provider’s stock.

Other equities research analysts also recently issued reports about the company. TheStreet raised Realogy Holdings Corp. from a c+ rating to a b- rating in a research report on Wednesday, April 19th. BidaskClub downgraded Realogy Holdings Corp. from a strong-buy rating to a buy rating in a research report on Friday, July 28th. Deutsche Bank AG raised Realogy Holdings Corp. from a hold rating to a buy rating and raised their price target for the company from $32.00 to $38.00 in a research report on Friday, May 5th. Zacks Investment Research raised Realogy Holdings Corp. from a hold rating to a buy rating and set a $36.00 price target on the stock in a research report on Wednesday, July 5th. Finally, Compass Point downgraded Realogy Holdings Corp. from a buy rating to a neutral rating and raised their price target for the company from $31.00 to $32.00 in a research report on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Realogy Holdings Corp. presently has a consensus rating of Hold and an average target price of $34.75.

Realogy Holdings Corp. (NYSE:RLGY) opened at 34.51 on Friday. The stock has a market cap of $4.76 billion, a P/E ratio of 21.87 and a beta of 1.40. Realogy Holdings Corp. has a one year low of $21.43 and a one year high of $34.73. The company has a 50-day moving average price of $32.38 and a 200-day moving average price of $29.58.

Realogy Holdings Corp. (NYSE:RLGY) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.03. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.73 billion. Realogy Holdings Corp. had a return on equity of 9.52% and a net margin of 4.06%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business posted $0.74 earnings per share. On average, analysts anticipate that Realogy Holdings Corp. will post $1.69 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Monday, August 14th. Realogy Holdings Corp.’s dividend payout ratio (DPR) is presently 21.05%.

A number of large investors have recently added to or reduced their stakes in RLGY. FMR LLC increased its stake in Realogy Holdings Corp. by 5.0% in the first quarter. FMR LLC now owns 11,213,250 shares of the financial services provider’s stock worth $334,043,000 after buying an additional 535,210 shares during the period. Vanguard Group Inc. increased its stake in Realogy Holdings Corp. by 2.5% in the first quarter. Vanguard Group Inc. now owns 11,017,764 shares of the financial services provider’s stock worth $328,219,000 after buying an additional 269,319 shares during the period. BlackRock Inc. increased its stake in Realogy Holdings Corp. by 2,352.2% in the first quarter. BlackRock Inc. now owns 6,789,662 shares of the financial services provider’s stock worth $202,264,000 after buying an additional 6,512,779 shares during the period. Clearbridge Investments LLC increased its stake in Realogy Holdings Corp. by 4.5% in the first quarter. Clearbridge Investments LLC now owns 3,575,556 shares of the financial services provider’s stock worth $106,516,000 after buying an additional 152,666 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Realogy Holdings Corp. by 8.2% in the first quarter. JPMorgan Chase & Co. now owns 3,471,356 shares of the financial services provider’s stock worth $103,412,000 after buying an additional 263,355 shares during the period.

About Realogy Holdings Corp.

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.

Analyst Recommendations for Realogy Holdings Corp. (NYSE:RLGY)

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