Realogy Holdings Board Approves $275 Mln Share Buyback - Quick Facts

(RTTNews) - While reporting its fiscal 2015 results today, Realogy Holdings Corp. (RLGY) said its board of directors has authorized a share repurchase program of up to $275 million of the company's common stock.

The company will make the share repurchases at management's discretion from time to time on the open market or through privately negotiated transactions. The repurchase program has no time limit and may be suspended or discontinued at any time. The company had approximately 146.7 million shares of common stock outstanding as of December 31, 2015.

For the first quarter of 2016, Realogy expects to achieve homesale transaction volume gains in the range of 6 percent to 9 percent year-over-year for RFG and NRT combined.

Based on the company's closed and open sales activity in January and February, Realogy expects first quarter homesale transaction sides to be up 3 percent to 5 percent year-over-year and average homesale price to increase 3 percent to 4 percent on a company-wide basis.