Anywhere Real Estate (NYSE:HOUS) Price Target Raised to $4.00 at Barclays

Anywhere Real Estate (NYSE:HOUS) had its target price upped by equities research analysts at Barclays from $3.50 to $4.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s target price points to a potential downside of 12.85% from the stock’s current price.

Anywhere Real Estate Stock Performance

Shares of Anywhere Real Estate stock traded up $0.06 on Wednesday, hitting $4.59. 106,852 shares of the company’s stock were exchanged, compared to its average volume of 1,329,902. Anywhere Real Estate has a 1 year low of $3.01 and a 1 year high of $8.40. The company has a 50-day simple moving average of $4.42 and a 200-day simple moving average of $4.37. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market capitalization of $510.69 million, a PE ratio of -2.96 and a beta of 2.31.

Anywhere Real Estate (NYSE:HOUS) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.18). Anywhere Real Estate had a negative net margin of 3.06% and a negative return on equity of 6.46%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the firm posted $0.15 EPS. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, equities analysts anticipate that Anywhere Real Estate will post -0.7 EPS for the current year.

Institutional Trading of Anywhere Real Estate

Several institutional investors and hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in Anywhere Real Estate by 6.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 79,989 shares of the company’s stock valued at $495,000 after acquiring an additional 4,527 shares during the period. SG Americas Securities LLC raised its stake in Anywhere Real Estate by 78.9% during the 2nd quarter. SG Americas Securities LLC now owns 30,128 shares of the company’s stock valued at $100,000 after purchasing an additional 13,284 shares during the period. SummerHaven Investment Management LLC boosted its stake in Anywhere Real Estate by 3.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 106,951 shares of the company’s stock worth $354,000 after purchasing an additional 3,602 shares during the period. Optas LLC bought a new position in Anywhere Real Estate in the 2nd quarter worth approximately $68,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Anywhere Real Estate by 110.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 24,417 shares of the company’s stock valued at $81,000 after buying an additional 12,814 shares during the last quarter. 97.56% of the stock is currently owned by institutional investors.

About Anywhere Real Estate

Anywhere Real Estate Inc, through its subsidiaries, provides residential real estate services in the United States and internationally. The company operates through three segments: Anywhere Brands, Anywhere Advisors, and Anywhere Integrated Services. The Anywhere Brands segment franchises the Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, and Sotheby's International Realty brand names.