Anywhere Real Estate (NYSE:HOUS) Reaches New 12-Month High - What's Next?

Key Points

• Anywhere Real Estate Inc. (NYSE:HOUS) reached a new 52-week high of $6.01, with the last trading price recorded at $5.92, following a trading volume of 169,555 shares.
• Analyst reports have resulted in mixed ratings for HOUS, with one firm lowering its price target significantly from $5.00 to $4.50 and another downgrading its rating from "hold" to "sell."
• The company reported a loss in earnings per share of $0.32 for the last quarter, falling short of expectations, along with a negative net margin of 1.87%.

Anywhere Real Estate Inc. (NYSE:HOUS - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as $6.01 and last traded at $5.92, with a volume of 169555 shares. The stock had previously closed at $5.87.

Analyst Ratings Changes

HOUS has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lowered their price target on Anywhere Real Estate from $5.00 to $4.50 and set a "market perform" rating on the stock in a research report on Monday, April 28th. Wall Street Zen lowered Anywhere Real Estate from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Finally, Barclays boosted their target price on Anywhere Real Estate from $3.00 to $3.50 and gave the stock an "underweight" rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $4.00.

Anywhere Real Estate Price Performance

The company has a 50 day moving average of $4.44 and a 200-day moving average of $3.84. The firm has a market capitalization of $680.52 million, a P/E ratio of -6.20 and a beta of 1.70. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.51.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last released its quarterly 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 firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate 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 business's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share. On average, sell-side analysts predict that Anywhere Real Estate Inc. will post 0.05 EPS for the current year.

Institutional Trading of Anywhere Real Estate

Several institutional investors and hedge funds have recently modified their holdings of the business. Ballentine Partners LLC acquired a new position in Anywhere Real Estate in the 1st quarter worth about $39,000. May Hill Capital LLC acquired a new position in Anywhere Real Estate in the 2nd quarter worth about $40,000. Avantax Advisory Services Inc. acquired a new position in Anywhere Real Estate in the 1st quarter worth about $43,000. First Trust Advisors LP acquired a new position in Anywhere Real Estate in the 4th quarter worth about $50,000. Finally, Pallas Capital Advisors LLC acquired a new position in Anywhere Real Estate in the 1st quarter worth about $52,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.