CenturyLink Investment Management Co Has $756,000 Position in Realogy Holdings Corp (RLGY)
CenturyLink Investment Management Co boosted its holdings in shares of Realogy Holdings Corp (NYSE:RLGY) by 6.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,282 shares of the financial services provider’s stock after buying an additional 3,845 shares during the period. CenturyLink Investment Management Co owned approximately 0.06% of Realogy worth $756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Enlightenment Research LLC acquired a new position in Realogy during the 4th quarter valued at about $31,000. Panagora Asset Management Inc. increased its holdings in shares of Realogy by 87.6% in the third quarter. Panagora Asset Management Inc. now owns 6,638 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 3,100 shares during the period. Quantamental Technologies LLC acquired a new position in shares of Realogy in the fourth quarter valued at about $151,000. Great Lakes Advisors LLC acquired a new position in shares of Realogy in the third quarter valued at about $214,000. Finally, Dupont Capital Management Corp acquired a new position in shares of Realogy in the fourth quarter valued at about $189,000.
RLGY has been the topic of a number of research reports. JPMorgan Chase & Co. cut their price objective on Realogy to $14.00 and set an “underweight” rating on the stock in a report on Tuesday, March 5th. Compass Point lowered Realogy from a “neutral” rating to a “sell” rating and cut their price objective for the company from $16.50 to $11.25 in a report on Wednesday, February 27th. Finally, Barclays cut their price objective on Realogy from $17.00 to $13.00 and set an “underweight” rating on the stock in a report on Wednesday, February 27th. Five equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $19.75.
Realogy (NYSE:RLGY) last announced its quarterly earnings data on Tuesday, February 26th. The financial services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.41 billion. Realogy had a net margin of 2.25% and a return on equity of 7.77%. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. Research analysts anticipate that Realogy Holdings Corp will post 1.34 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Friday, March 8th. Realogy’s dividend payout ratio is presently 24.00%.
Realogy announced that its board has approved a stock repurchase program on Tuesday, February 26th that authorizes the company to buyback $175.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 8.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
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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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