Anywhere Real Estate (NYSE:HOUS) Cut to Sell at Wall Street Zen

Key Points

• Anywhere Real Estate has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, signaling a bearish outlook for the company among analysts.
• Barclays has increased its price target for the stock to $3.50, while Keefe, Bruyette & Woods has reduced their target from $5.00 to $4.50, both indicating cautious sentiment towards the stock.
• Anywhere Real Estate reported $0.32 EPS for the last quarter, missing the consensus estimate, with a negative net margin of 1.87% and a market cap of $500.91 million.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also recently issued reports on the company. Barclays boosted their price objective on Anywhere Real Estate from $3.00 to $3.50 and gave the company an "underweight" rating in a report on Wednesday. Keefe, Bruyette & Woods lowered their target price on shares of Anywhere Real Estate from $5.00 to $4.50 and set a "market perform" rating for the company in a research note on Monday, April 28th.

Anywhere Real Estate Price Performance

HOUS stock opened at $4.48 on Friday. The stock has a market cap of $500.91 million, a PE ratio of -4.57 and a beta of 1.70. Anywhere Real Estate has a 12 month low of $2.71 and a 12 month high of $5.95. The company has a 50-day moving average price of $3.92 and a 200 day moving average price of $3.65. The company has a current ratio of 0.52, a quick ratio of 0.32 and a debt-to-equity ratio of 1.51.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). The business had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.77 billion. Anywhere Real Estate had a negative net margin of 1.87% and a negative return on equity of 4.57%. The firm's quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS. Equities research analysts anticipate that Anywhere Real Estate will post 0.05 earnings per share for the current year.

Institutional Trading of Anywhere Real Estate

A number of large investors have recently modified their holdings of the company. May Hill Capital LLC purchased a new stake in Anywhere Real Estate in the second quarter worth about $40,000. Transcend Capital Advisors LLC raised its holdings in shares of Anywhere Real Estate by 18.7% in the 2nd quarter. Transcend Capital Advisors LLC now owns 199,812 shares of the company's stock valued at $723,000 after purchasing an additional 31,435 shares in the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of Anywhere Real Estate in the 2nd quarter worth approximately $448,000. Institute for Wealth Management LLC. purchased a new stake in shares of Anywhere Real Estate in the 2nd quarter worth approximately $181,000. Finally, Ballentine Partners LLC boosted its stake in shares of Anywhere Real Estate by 25.5% during the second quarter. Ballentine Partners LLC now owns 14,822 shares of the company's stock valued at $54,000 after purchasing an additional 3,014 shares in the last quarter. Hedge funds and other institutional investors own 97.56% of the company's stock.

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.

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