Anywhere Real Estate (NYSE:HOUS) Downgraded by Wall Street Zen to Sell

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.

Wall Street Zen downgraded shares of Anywhere Real Estate (NYSE:HOUS - Free Report) from a hold rating to a sell rating in a report published on Saturday.

Other research analysts have also recently issued reports about the stock. Barclays increased their target price on shares of Anywhere Real Estate from $3.00 to $3.50 and gave the stock an "underweight" rating in a report on Wednesday, July 30th. Keefe, Bruyette & Woods dropped their target price on shares of Anywhere Real Estate from $5.00 to $4.50 and set a "market perform" rating on the stock in a report on Monday, April 28th.

Anywhere Real Estate Price Performance

Anywhere Real Estate stock traded up $0.15 during mid-day trading on Friday, reaching $5.20. 583,512 shares of the company's stock traded hands, compared to its average volume of 1,145,601. The company has a market cap of $580.85 million, a price-to-earnings ratio of -5.31 and a beta of 1.70. The stock has a 50 day moving average of $3.98 and a two-hundred day moving average of $3.67. The company has a quick ratio of 0.32, a current ratio of 0.52 and a debt-to-equity ratio of 1.51. Anywhere Real Estate has a 12-month low of $2.71 and a 12-month high of $5.95.

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 for the quarter, missing the consensus estimate of $0.34 by ($0.02). Anywhere Real Estate had a negative net margin of 1.87% and a negative return on equity of 4.57%. The firm had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.77 billion. During the same period in the prior year, the company posted $0.27 EPS. The company's revenue was up .8% compared to the same quarter last year. Equities analysts forecast that Anywhere Real Estate will post 0.05 earnings per share for the current year.

Institutional Trading of Anywhere Real Estate

A number of institutional investors have recently modified their holdings of HOUS. Raymond James Financial Inc. purchased a new position in shares of Anywhere Real Estate in the 4th quarter valued at approximately $543,000. American Century Companies Inc. raised its position in shares of Anywhere Real Estate by 8.4% in the 4th quarter. American Century Companies Inc. now owns 165,402 shares of the company's stock valued at $546,000 after purchasing an additional 12,753 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Anywhere Real Estate in the 4th quarter valued at approximately $73,000. Arrowstreet Capital Limited Partnership raised its position in shares of Anywhere Real Estate by 3.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,504,807 shares of the company's stock valued at $4,966,000 after purchasing an additional 48,992 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Anywhere Real Estate by 198.7% in the 4th quarter. Franklin Resources Inc. now owns 762,767 shares of the company's stock valued at $2,517,000 after purchasing an additional 507,396 shares during the last quarter. 97.56% of the stock is currently owned by 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.