|Bid||0.00 x 1800|
|Ask||0.00 x 800|
|Day's Range||6.59 - 7.49|
|52 Week Range||2.09 - 13.88|
|Beta (5Y Monthly)||1.91|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 06, 2020 - Aug 10, 2020|
|Forward Dividend & Yield||0.36 (3.75%)|
|Ex-Dividend Date||Aug 20, 2019|
|1y Target Est||6.10|
Century 21 Real Estate LLC announced today that in the first four months of 2020, the CENTURY 21 System added 10 new companies and renewed 38 franchisees, including the renewal of its eighth and 11th largest companies, respectively: CENTURY 21 Real Estate Alliance and CENTURY 21 Beggins Enterprises. Overwhelmingly, owners at these companies cited the CENTURY 21 brand's leading quality service ratings, agile productivity platform, and almost 50-year legacy of relevance and industry leadership as the primary reasons why the global franchisor is the best growth option for its affiliated agents and their homebuying and selling clients.
Today, Century 21 Real Estate LLC announced the winners of its Q1 2020 "Relentless Agent Awards" honorees recognizing excellence in client services in the ever-evolving real estate industry. The select group of five winners was chosen from over 52,000 U.S. agents, specifically identified by client testimonials written about their efforts to go beyond the standard call of duty.
AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of "bbb+" to Title Resources Guaranty Company (TRG) (Dallas, TX). The outlook assigned to these Credit Ratings (ratings) is stable. TRG is ultimately owned by Realogy Holdings Corp. (Realogy) [NYSE: RLGY], a publicly traded company and real estate brokerage provider that franchises and owns several of the industry’s leading real estate brands and brokerage services firms.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Realogy Group LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
ERA® Real Estate, a global franchising leader within the Realogy family of companies, today announced that four long-time franchisees have signed long-term renewals with the brand. The renewing companies have a combined affiliation tenure of 101 years. ERA King Real Estate Company and ERA Reardon Realty are both ranked in the brand's Top 20 Company Producers in Units with rankings of 11th and 20th, respectively. All four renewals, which also include High Pointe Real Estate and ERA Advantage Realty, Inc., showcased substantial growth since their affiliation with the ERA brand.
Century 21 Real Estate LLC is proud to announce that 32 of its affiliated relentless sales professionals earned their way onto the National Association of Hispanic Real Estate Professionals (NAHREP) 2020 "Top 250 Latino Agents Report" that recognizes outstanding real estate agents and teams from around the country. The 32 CENTURY 21® System members represent 13% of the honorees on the Top 250 list, the second highest total among all real estate companies, and signifies the brand's commitment to Hispanic homeownership and entrepreneurship.
Realogy proudly represents 31% of agents recognized in the ninth annual National Association of Hispanic Real Estate Professionals (NAHREP®) Top 250 Latino Agents Report for 2020 announced yesterday. Honoring the top Latino real estate agents and teams from around the country, the ranking features 77 independent sales agents affiliated with Realogy's brands, including Better Homes and Gardens® Real Estate, CENTURY 21® Coldwell Banker®, ERA® and Sotheby's International Realty®.
ERA® Real Estate, a global franchising leader, opened its virtual FUEL ERA international conference today by honoring five longtime real estate professionals with induction into the ERA Hall of Fame. Established in 2013, the ERA Hall of Fame honors affiliated individuals and companies who have consistently earned high levels of recognition and have made contributions and lasting impact on the culture and history of the ERA brand over the decades.
Hedge funds don't get the respect they used to get. Nowadays investors prefer passive funds over actively managed funds. One thing they don't realize is that 100% of the passive funds didn't see the coronavirus recession coming, but a lot of hedge funds did. Even we published an article near the end of February and […]
Sotheby's International Realty is the exclusive launch sponsor of a new, multi-lingual real estate portal on one of Mexico's leading business publications, Expansión. Sotheby's International Realty is the first luxury real estate brand to showcase its listings to prospective homebuyers on the marketplace and the affiliation marks a first for the real estate industry in the Mexican market.
At this time, I would like to turn the conference over to Realogy Senior Vice President, Alicia Swift. On the call with me today are Realogy's CEO and President, Ryan Schneider; and Chief Financial Officer, Charlotte Simonelli.
Realogy Holdings (RLGY) delivered earnings and revenue surprises of -14.58% and -2.86%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Realogy Holdings (NYSE:RLGY) gained 12% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share increased 17.91% over the past year to ($0.55), which beat the estimate of ($0.58).Revenue of $1,116,000,000 up by 0.18% year over year, which beat the estimate of $1,070,000,000.Looking Ahead Realogy Holdings hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Details Of The Call Date: May 07, 2020View more earnings on RLGYTime: 10:01 AM ETWebcast URL: https://ir.realogy.com/events/event-details/q1-2020-realogy-holdings-corp-earnings-conference-callPrice Action Company's 52-week high was at $13.8852-week low: $2.09Price action over last quarter: down 65.57%Company Profile Realogy Holdings Corp provides residential real estate services in the United States. Operations are divided into the following segments: real estate franchise services (RFG), company-owned real estate brokerage services (NRT), relocation services (Cartus), and title and settlement services (TRG). NRT generates approximately 75% of Realogy's revenue, with other segments narrowly dividing the remaining portion. Revenue from each segment is derived from fees based upon services performed. Under NRT, operations consist of residential brokerage services through brand names such as Coldwell Banker and Sotheby's. Realogy's relocation services, franchisee and brokerage businesses can be accessed in the United States and internationally.See more from Benzinga * 9 Real Estate Stocks Moving In Thursday's Pre-Market Session * 12 Real Estate Stocks Moving In Wednesday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States, today reported financial results for the first quarter ended March 31, 2020.
Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States, will release its financial results for the quarter ended March 31, 2020 on Thursday, May 7, 2020, prior to the company's webcast scheduled for 8:30 a.m. (ET) on the same day. During this call the company will report its first quarter 2020 financial results and provide a business update.
Moody's Investors Service ("Moody's") downgraded Realogy Group LLC's ("Realogy") corporate family rating ("CFR") to B2 from B1, probability of default rating ("PDR") to B2-PD from B1-PD, senior secured bank credit facility to Ba3 from Ba2 and senior unsecured notes to Caa1 from B3. The Speculative Grade Liquidity ("SGL") rating was downgraded to SGL-3 from SGL-2. "Large anticipated declines in US existing home sale transaction volume caused by the economic fallout from the coronavirus pandemic will likely have a pronounced and negative impact on Realogy's revenue, credit metrics and liquidity, driving the rating downgrades" said Edmond DeForest, Moody's Vice President and Senior Credit Officer.
SIRVA, Inc., a leading global relocation and moving company, today issued the following statement in response to a complaint filed by Realogy Holdings Corp. (NYSE: RLGY) under the previously announced purchase agreement for the acquisition of Realogy's Cartus Relocation Services business.
Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States, today announced the company has filed a lawsuit in the Court of Chancery of the State of Delaware against certain affiliates of Madison Dearborn Partners, LLC ("MDP") and SIRVA Worldwide, Inc. ("SIRVA"), an MDP portfolio company, to enforce SIRVA's obligations under the previously announced purchase agreement for the sale of Realogy's Cartus Relocation Services business for $400 million.
The Corcoran Group, a Realogy (NYSE: RLGY) brand and leading real estate brand operating in the luxury markets of New York City, the Hamptons, Palm Beach, Miami Beach, Orlando, San Francisco, Lake Tahoe, and Reno, today announced the launch of its newest affiliate, Corcoran Reverie. The announcement was made virtually by Pamela Liebman, president and CEO of The Corcoran Group. This is the fourth Corcoran affiliate to launch in the U.S. since the start of the year, and the first affiliate to be launched virtually.
Residential brokerage firm Compass was valued at $6.4 billion on the promise of new technology, but the reality has been more complicated
We are truly in uncharted waters. We're seeing economic numbers the likes of which last happened in the 1930's. The unemployment rate seems to be heading to 20% or higher, and U.S. GDP growth could hit some staggering figure like -20% or -25% in coming quarters. The shock is going to have a huge impact on the properties, and in particular, real estate stocks. Houses, offices, shopping malls and more -- investors are suddenly questioning what everything is worth.To understand the impact on the real estate market in general, we reached out to James P. Gaines, chief economist, Real Estate Center at Texas A&M University. He told InvestorPlace that:"First, nobody knows at this point exactly how the pandemic is going to affect the real estate markets, but there is little doubt that it will have significant impacts. These impacts will first be the immediate short-run effects of much slower to near stoppage of new transactions -- residential and nonresidential -- while the economy is shut down and people are sequestered."InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 A-Rated Stocks to Buy For Portfolio Strength In Uncertain Times So which real estate stocks in particular might be hit significantly by the novel coronavirus' longer-term impact? Here are seven that stand out: * Lennar (NYSE:LEN) * Invitation Homes (NYSE:INVH) * Simon Property Group (NYSE:SPG) * First American Financial (NYSE:FAF) * Zillow Group (NASDAQ:Z) (NASDAQ:ZG) * Realogy (NYSE:RLGY) * Home Depot (NYSE:HD)Let's take a deeper look into why each of these companies face big challenges from the resulting economic slowdown. Real Estate Stocks to Watch: Lennar (LEN)Source: madamF / Shutterstock.com How will a near stoppage of real estate transactions end up affecting the market? The first area of concern is the housing market.Housing was the catalyst for the 2008 financial crisis, and investors are wondering if a similar fiasco could happen this time around as well. While the housing market and banking system seem healthier now than they were then, questions remain. Mr. Gaines told us that he expects to see:"Home sales fall tremendously once we work thru the backlog of signed contracts awaiting closing. This may take a month or so and the market is working on doing remote, online closings without having to actually attend a closing in person. Adding to the problem, of course, are the problems of appraisal and inspections that historically require a physical inspection. A very positive policy move was the prohibition on foreclosures and evictions for failing to make mortgage or rent payments. It remains to be seen how we will work through the financing chain from household payments to securitized mortgage bond defaults."Homebuilders like Lennar are obviously in the line of fire if these delays with contracts, inspections and closings drag on. Homebuilders tend to have a fair chunk of leverage. And their business relies on selling high-ticket items. As a result, an economic slowdown can wreck havoc on their cash flow if transactions dry up.Lennar looks cheap though, trading at just 9x earnings. And home purchases had been booming right up until the quarantines started. The Federal Reserve's massive rate cutting campaign has generated dirt-cheap mortgage rates, and has given folks more buying power. At this point, it's not clear if consumers will feel comfortable buying given the economic stress. If they do, however, LEN stock could come roaring back. Invitation Homes (INVH)Source: Shutterstock It isn't just homebuilders that are nervous about the economic slowdown. There are publicly traded real estate investment trusts that solely focus on owning and renting out homes, and traders have sold those as well.To give one example of a company in this space, look at Invitation Homes. It has more than 80,000 units around the country, with most of those being single-family houses. It primarily owns houses in strong economies with growing demographics. Its biggest markets include California, Florida and the fast-growing Atlanta metro market, among others. * 10 Best Stocks to Buy and Hold Forever Invitation completed its initial public offering in 2017. It's still a relatively new company, and as such, it has been in aggressive growth mode. Until the market crash, INVH stock had traded sharply higher. Now, however, it's back near its IPO price. While the dividend yield is a modest 2.5% for the time being, the REIT is priced to give a strong capital gain if and when the housing market picks back up again. Simon Property Group (SPG)Source: Jonathan Weiss / Shutterstock.com Remember, housing is far from the only part of the real estate market that will face a massive impact from the coronavirus' economic shock. Mr. Gaines explained the potential impact on commercial real estate:"Forbearance is the operative word in the commercial sectors. Landlords will have to be patient with tenants' ability to pay their rent. But really, they won't have much choice as there won't be any other tenants available to replace them."Simon Property Group is the nation's largest mall REIT, and one of the highest-quality ones as well. The Simon family wisely spun-off its weaker malls into Washington Prime Group (NYSE:WPG) years ago. Washington Prime has lost nearly all its value; however, Simon held onto the best malls and until March 2020, it appeared to be in decent shape. Despite the retail apocalypse, Simon had enjoyed rising rents and sales at its top-tier properties.But all that is in danger now. Simon's stock has plummeted from $150 to as little as $40 during this bear market. While Simon has a fantastic balance sheet, investors are rightly concerned that the virus will cripple the company's cash flows going forward. That's particularly true as even high-end tenants with seemingly robust finances like Tesla (NASDAQ:TSLA) and The Cheesecake Factory (NASDAQ:CAKE) have decided to withhold part or all of their rent payments going forward. With rent in doubt, it's not certain how Simon will react. One thing's for sure: Dividend investors shouldn't rely on Simon's 13% yield for sleep-well-at-night income right now. First American Financial (FAF)Source: Shutterstock Turning back to the housing market, there's a lot more in play than just housing REITs and homebuilders. You have a bunch of other companies that are tied to the housing ecosystem. For example, take First American Financial, which is one of the nation's largest title insurers. Title insurance is a service that banks require in order to provide a mortgage. The title insurer is response for guaranteeing that a property's deed is in good standing. In the event of a problem with the mortgage, the title insurer may end up liable for damages if legal issues arise.What do title insurers get in return for providing this necessary, if mundane, service? Fat fees, generally. Title insurers tend to earn a premium in proportion to the dollar amount of a real estate transaction. Thus, they have double leverage to the housing market. A booming market causes more transactions, and also increases the dollar amount per transaction, resulting in bigger fees. Needless to say, the downside is painful as both those levers run in reverse.That said, the major title insurers did fairly well even in 2009, and this crisis shouldn't be as bad for the industry as that one. For one, there was no major housing bubble this time around. There also doesn't appear to have been much fraudulent mortgage underwriting in recent years, unlike 2008, which should reduce realized insurance losses for companies like First American. * 7 Safe Stocks to Buy on the Coronavirus Dip While FAF stock dropped as much as 50% in the crash, shares should rebound quickly. Shares trade for just 8x normal-year earnings at this point and yield 4%. Demand for the product isn't going anywhere -- remember, title insurance is mandatory for new mortgages. Also, the Fed's interest rate cuts should drive more refinancing; a refinanced mortgage produces a fresh title fee for First American as well. Zillow (Z) (ZG)Source: OpturaDesign / Shutterstock.com Zillow is another fascinating housing stock to watch during this crisis. You probably know the company for its popular real estate website. On Zillow, you can track housing prices, get estimates for properties, see what's on the market and much more.However, more recently, Zillow made a huge switch to its business model. In addition to its traditional housing information portal, the company decided to get into the house-flipping game on its own. In theory, the company would have advantages in buying and selling houses thanks to its wealth of market information. It seemed like a dream job for big data analytics.Alas, it hasn't panned out -- at all -- so far. For full-year 2019, the company's traditional businesses made a net profit of $7 million. Not great, but it was in the green at least. The home-flipping segment, however, lost more than $300 million, causing Zillow overall to take a big loss. The company projected better days ahead for 2020, but analysts were skeptical toward ZG stock as 2019 was a good year for the housing market, but Zillow still lost tons of money.For now, Zillow is suspending much of its real estate buying and selling program to conserve capital. It's also slashing other expenses to try to ride out the economic slowdown. However, investors aren't convinced. ZG stock lost as much as 70% of its value recently before bouncing moderately. If the housing market takes a leg lower, Zillow could face real trouble. Realogy Holdings (RLGY)Source: Shutterstock For another angle on the real estate market, take a look at Realogy Holdings. This company is one of the biggest real estate services companies in the U.S. It has a unique approach, as it has acquired a bunch of leading brands spanning things such as real estate agents, content providers, insurance services and more.Notable brands include Coldwell Banker, Better Homes And Gardens Real Estate and Century 21.Unfortunately, given the abrupt plunge in economic activity, Realogy has found itself in a bind. With few buyers willing to act during the stay-at-home period, transaction fees are few and far between. As a result, Realogy has had to slash costs; the CEO accepted a 90% pay cut, for example. The company also tapped a $400 million line of credit. Still, with RLGY stock down from $12 to $3.60, investors are clearly skeptical that Realogy will make it through okay. * 10 High-Yield Monthly Dividend Stocks to Buy If you are bullish on housing coming back more quickly than expected, RLGY could be a stock to pick up at rock bottom prices. Home Depot (HD)Source: Helen89 / Shutterstock.com Finally, when you're watching real estate, you should have an eye on Home Depot. As a hardware store, it may not be quite the first thing that comes to mind when you think of real estate stocks. However, Home Depot is closely tied to the home building and home repair industries. As a result, Home Depot is often the No. 1 or No. 2 largest holding within homebuilder industry exchange-traded funds.Some analysts are already warning about HD stock given its housing exposure. On Wednesday, for example, Wedbush's Seth Basham warned that HD stock is expensive and more levered to the cyclical sales than rival Lowe's (NYSE:LOW).Basham left Home Depot at just a neutral rating, saying that the stock is still expensive, even after its recent decline. With Home Deport at 20x earnings heading into a real estate market downturn, that's a reasonable call to stay on the sidelines for now.Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek. At the time of this writing, he owned First American Financial stock. More From InvestorPlace * America's 1 Stock Picker Reveals Next 1,000% Winner * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post 7 Real Estate Stocks to Watch as the Long-Term Impact of the Virus Looms appeared first on InvestorPlace.
Realogy Holdings Corp. (NYSE: RLGY) announced today that the location of the 2020 Annual Meeting of Stockholders of Realogy Holdings Corp. (the "Annual Meeting") has been changed to a virtual only meeting in light of public health and safety concerns related to the coronavirus (COVID-19) pandemic and recommendations and orders from federal and New Jersey authorities. Stockholders will not be able to attend the Annual Meeting in person.