Anywhere Real Estate (NYSE:HOUS) Hits New 1-Year High - Time to Buy?

Key Points

• Anywhere Real Estate shares reached a new 52-week high of $6.72, reflecting a significant increase from the previous close of $6.24, with a trading volume of 735,630 shares.
• Recent analyst ratings show mixed sentiment, with Barclays raising the price target to $3.50 but maintaining an "underweight" rating, while Wall Street Zen downgraded the stock from "hold" to "sell".
• For the last quarter, Anywhere Real Estate missed earnings expectations with an EPS of $0.32, and reported a revenue of $1.68 billion, below the anticipated $1.77 billion.

Anywhere Real Estate Inc. (NYSE:HOUS - Get Free Report)'s share price hit a new 52-week high on Thursday . The stock traded as high as $6.72 and last traded at $6.69, with a volume of 735630 shares trading hands. The stock had previously closed at $6.24.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HOUS. Barclays upped 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, July 30th. Wall Street Zen lowered Anywhere Real Estate from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $4.00.

Anywhere Real Estate Stock Performance

The firm has a fifty day moving average price of $5.37 and a 200 day moving average price of $4.15. The firm has a market capitalization of $786.38 million, a PE ratio of -7.16 and a beta of 1.66. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.52 and a quick ratio of 0.52.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $1.77 billion. Anywhere Real Estate had a negative return on equity of 4.57% and a negative net margin of 1.87%.The firm's revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. Research analysts anticipate that Anywhere Real Estate Inc. will post 0.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Anywhere Real Estate

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nuveen LLC purchased a new stake in shares of Anywhere Real Estate during the 1st quarter worth about $1,103,000. Aristeia Capital L.L.C. bought a new stake in Anywhere Real Estate during the first quarter worth approximately $345,000. Charles Schwab Investment Management Inc. boosted its position in Anywhere Real Estate by 111.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,280,470 shares of the company's stock worth $7,594,000 after purchasing an additional 1,200,823 shares during the period. Avantax Advisory Services Inc. bought a new stake in Anywhere Real Estate during the first quarter worth approximately $43,000. Finally, SG Americas Securities LLC boosted its position in Anywhere Real Estate by 5,654.0% during the first quarter. SG Americas Securities LLC now owns 1,146,715 shares of the company's stock worth $3,819,000 after purchasing an additional 1,126,786 shares during the period. 97.56% of the stock is owned by hedge funds and other 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.