Anywhere Real Estate (NYSE:HOUS) Reaches New 12-Month High - Still a Buy?

Key Points

• Anywhere Real Estate Inc. (NYSE:HOUS) reached a new 52-week high of $7.36, up from its previous close of $7.01, indicating positive trading momentum.
• Despite the stock's recent rise, analysts are cautious, with a consensus rating of "Reduce" and a price target of $4.00, as some brokerages downgraded their ratings.
• The company's latest earnings report showed a revenue miss and earnings per share of $0.32, falling short of expectations, with a negative net margin of 1.87% and a projected EPS of 0.05 for the fiscal year.

Anywhere Real Estate Inc. (NYSE:HOUS - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $7.33 and last traded at $7.36, with a volume of 320481 shares trading hands. The stock had previously closed at $7.01.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HOUS shares. Barclays lifted their price target on shares of Anywhere Real Estate from $3.00 to $3.50 and gave the company an "underweight" rating in a report on Wednesday, July 30th. Wall Street Zen downgraded shares of Anywhere Real Estate from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $4.00.

Anywhere Real Estate Trading Down 4.3%

The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.52 and a current ratio of 0.52. The stock's 50 day simple moving average is $5.56 and its 200-day simple moving average is $4.24.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). The company had revenue of $1.68 billion for the quarter, compared to analyst estimates 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 company's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS. Research analysts forecast that Anywhere Real Estate Inc. will post 0.05 EPS for the current year.

Hedge Funds Weigh In On Anywhere Real Estate

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HOUS. Northern Trust Corp lifted its stake in shares of Anywhere Real Estate by 3.8% in the fourth quarter. Northern Trust Corp now owns 1,012,887 shares of the company's stock worth $3,343,000 after buying an additional 37,092 shares in the last quarter. Bank of America Corp DE increased its position in shares of Anywhere Real Estate by 34.2% during the fourth quarter. Bank of America Corp DE now owns 369,277 shares of the company's stock valued at $1,219,000 after acquiring an additional 94,118 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of Anywhere Real Estate during the fourth quarter valued at about $77,000. Deutsche Bank AG increased its position in shares of Anywhere Real Estate by 30.5% during the fourth quarter. Deutsche Bank AG now owns 133,819 shares of the company's stock valued at $442,000 after acquiring an additional 31,282 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Anywhere Real Estate by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 27,640 shares of the company's stock valued at $91,000 after acquiring an additional 9,095 shares during the last quarter. 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.