MetLife Investment Advisors LLC Decreases Stock Holdings in Realogy Holdings Corp (NYSE:RLGY)

MetLife Investment Advisors LLC reduced its stake in shares of Realogy Holdings Corp (NYSE:RLGY) by 4.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,184 shares of the financial services provider’s stock after selling 2,861 shares during the period. MetLife Investment Advisors LLC owned 0.06% of Realogy worth $789,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc raised its position in Realogy by 7.1% in the third quarter. Vanguard Group Inc now owns 18,269,980 shares of the financial services provider’s stock worth $377,092,000 after purchasing an additional 1,213,178 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Realogy by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,355,998 shares of the financial services provider’s stock worth $107,991,000 after purchasing an additional 318,125 shares in the last quarter. Clearbridge Investments LLC raised its position in Realogy by 12.4% in the first quarter. Clearbridge Investments LLC now owns 3,384,775 shares of the financial services provider’s stock worth $38,586,000 after purchasing an additional 372,132 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Realogy by 17.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,670,379 shares of the financial services provider’s stock worth $24,522,000 after buying an additional 247,263 shares during the last quarter. Finally, Norges Bank bought a new stake in Realogy during the fourth quarter worth about $19,372,000.

RLGY has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Realogy from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Thursday, April 4th. Compass Point raised shares of Realogy from a “sell” rating to a “neutral” rating in a research note on Monday, July 8th. Stephens raised shares of Redfin from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from $18.00 to $23.00 in a research note on Monday, June 10th. Barclays set a $5.00 price objective on shares of Amneal Pharmaceuticals and gave the stock a “hold” rating in a research note on Thursday, July 11th. Finally, Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.00.

In related news, CEO Ryan M. Schneider acquired 119,300 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $8.38 per share, for a total transaction of $999,734.00. Following the completion of the acquisition, the chief executive officer now directly owns 352,761 shares in the company, valued at approximately $2,956,137.18. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

RLGY stock traded down $0.09 during midday trading on Thursday, reaching $5.37. The company’s stock had a trading volume of 1,893,705 shares, compared to its average volume of 3,015,840. The stock’s 50-day moving average price is $6.77. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $619.59 million, a PE ratio of 3.58 and a beta of 1.71. Realogy Holdings Corp has a 52 week low of $5.29 and a 52 week high of $24.87.

Realogy (NYSE:RLGY) last posted its earnings results on Thursday, May 2nd. The financial services provider reported ($0.67) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.67). The company 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 business’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period last year, the business posted ($0.38) earnings per share. Analysts predict that Realogy Holdings Corp will post 1.05 earnings per share for the current year.

Realogy 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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Institutional Ownership by Quarter for Realogy (NYSE:RLGY)

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