Realogy Holdings Corp. (NYSE: RLGY) Loses -17.29% From High. Why That Could Change?


BlackRock Fund Advisors recently announced the acquisition of new stake in Realogy Holdings Corp. (NYSE:RLGY). The institutional investor has increased its shareholding in the Real Estate company by 0.15% to 16.52 million shares with purchase of 24927.0 shares. This fresh investment now brings its stake to 14.32% valued currently at $149.65 million. In addition, Tremblant Capital LP raised its holdings by 3.53 million to 6.48 million shares. And Prentice Capital Management LP has lifted its position by 2.17% or 96189.0 shares – to 4.52 million shares.

With over 1.33 million Realogy Holdings Corp. (RLGY) shares trading Tuesday and a closing price of $11.48 on the day, the dollar volume was approximately $15.22 million. The shares have shown a positive weekly performance of 0.26% and its price on 09/01/20 gained nearly 3.61%. Currently, there are 115.40M common shares owned by the public and among those 114.31M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for RLGY have a consensus price objective of $10.92. The analysts have set the share’s price value over the next 12 months at a high of $17.00 and a low of $8.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Realogy Holdings Corp. stock is 2.70 for the next 12 months. The average price target is 0.17% above its last price level and an upside to the estimated low will see the stock lose -43.5% over that period. But an upside of 32.47% will see the stock hit the forecast high price target while mean target price for the stock is $10.25.

Insiders at the company have transacted a total of 70 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 42 of these insider trades were purchases, accounting for 907,861 shares. Insider sales of the common stock occurred on 28 occasions, with total insider shares sold totaling 94,059 shares.

The top 3 mutual fund holders in Realogy Holdings Corp. are Longleaf Partners Small Cap Fund, EdgePoint Global Portfolio, and iShares Core S&P Small Cap ETF. Longleaf Partners Small Cap Fund owns 11.53 million shares of the company’s stock, all valued at over $104.42 million. The company sold -4.9 million shares recently to bring their total holdings to about 9.99% of the shares outstanding. iShares Core S&P Small Cap ETF bought 25662.0 shares to bring its total holdings to over 7.18 million shares at a value of $65.07 million. iShares Core S&P Small Cap ETF now owns shares totaling to 6.23% of the shares outstanding.

Shares of Realogy Holdings Corp. (NYSE: RLGY) opened at $11.04, down -$0.04 from a prior closing price of $11.08. However, the script later closed the day at $11.48, up 3.61%. The company’s stock has a 5-day price change of 0.26% and 74.47% over the past three months. RLGY shares are trading 18.60% year to date (YTD), with the 12-month market performance up to 153.98% higher. It has a 12-month low price of $2.09 and touched a high of $13.88 over the same period. Currently, 1.33 million shares have been traded, compared to an average intraday trading volume of 2.32 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.36%, 29.01%, and 44.11% respectively.

Institutional ownership of Realogy Holdings Corp. (NYSE: RLGY) 115.40M shares outstanding. Mutual fund holders own 70.97%, while other institutional holders and individual stakeholders account for 72.23% and 39.10% respectively.

It has a market capitalization of $1.30B and a beta (3y monthly) value of 2.93. The earnings-per-share (ttm) stands at -$4.36. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.56% over the week and 4.24% over the month.

Analysts forecast that Realogy Holdings Corp. (RLGY) will achieve an EPS of $0.69 for the current quarter, $0.11 for the next quarter and $0.97 for 2021. The lowest estimate earnings-per-share for the quarter is $0.62 while analysts give the company a high EPS estimate of $0.75. Comparatively, EPS for the current quarter was $0.65 a year ago. Earnings per share for the fiscal year are expected to decrease by -192.80%, and 34.58% over the next financial year. EPS should grow at an annualized rate of 20.00% over the next five years, compared to -25.30% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Realogy Holdings Corp. (RLGY) as a “Moderate Buy” at a consensus score of 2.70. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 3 of the 6 advise that investors “hold,” and 1 rated it as a “Sell.”

Looking at the support for the RLGY, a number of firms have released research notes about the stock. Evercore ISI stated their Outperform rating for the stock in a research note on July 31, 2020, with the firm’s price target at $13. Compass Point coverage for the Realogy Holdings Corp. (RLGY) stock in a research note released on April 29, 2020 offered a Buy rating with a price target of $10. Susquehanna was of a view on March 10, 2020 that the stock is Neutral, while Susquehanna gave the stock Negative rating on November 11, 2019, issuing a price target of $7- $6. Compass Point on their part issued Neutral rating on July 08, 2019.


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