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

Anywhere Real Estate (NYSE:HOUS) had its target price increased by Barclays from $3.50 to $4.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an underweight rating on the stock.

Anywhere Real Estate Stock Performance

Shares of HOUS opened at $4.25 on Wednesday. The company has a 50-day simple moving average of $4.39 and a two-hundred day simple moving average of $4.38. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market capitalization of $472.86 million, a PE ratio of -2.74 and a beta of 2.32. Anywhere Real Estate has a one year low of $3.01 and a one year high of $8.40.

Anywhere Real Estate (NYSE:HOUS) last released its earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.18). The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Anywhere Real Estate had a negative net margin of 3.06% and a negative return on equity of 6.46%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 EPS. On average, analysts anticipate that Anywhere Real Estate will post -0.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HOUS. Virtu Financial LLC grew its holdings in Anywhere Real Estate by 24.6% in the third quarter. Virtu Financial LLC now owns 15,305 shares of the company’s stock worth $78,000 after purchasing an additional 3,022 shares during the period. Barclays PLC grew its stake in shares of Anywhere Real Estate by 725.7% in the 3rd quarter. Barclays PLC now owns 1,436,706 shares of the company’s stock worth $7,297,000 after buying an additional 1,262,714 shares during the last quarter. Whitebox Advisors LLC increased its position in Anywhere Real Estate by 165.7% during the 3rd quarter. Whitebox Advisors LLC now owns 398,489 shares of the company’s stock valued at $2,024,000 after buying an additional 248,489 shares in the last quarter. Quarry LP purchased a new position in Anywhere Real Estate during the third quarter valued at $26,000. Finally, Walleye Capital LLC bought a new stake in Anywhere Real Estate in the third quarter worth $450,000. 97.56% of the stock is owned by hedge funds and other institutional investors.

Anywhere Real Estate Company Profile

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.