Anywhere Real Estate (NYSE:HOUS) Stock Price Down 4.8% - Here's What Happened

Key Points

• Anywhere Real Estate's shares dropped by 4.8% during trading, closing at $6.88, with significantly lower trading volume.
• Analysts have assigned a consensus rating of "Reduce" for the stock, with a revised price target of $4.00, following missed earnings expectations.
• Institutional investors have increased their holdings, with notable boosts from firms like Vanguard Group and King Street Capital Management.

Anywhere Real Estate Inc. (NYSE:HOUS - Get Free Report)'s share price dropped 4.8% during mid-day trading on Tuesday . The company traded as low as $6.87 and last traded at $6.88. Approximately 447,014 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 1,164,900 shares. The stock had previously closed at $7.22.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HOUS shares. Barclays upped their price objective on shares of Anywhere Real Estate from $3.00 to $3.50 and gave the stock an "underweight" rating in a research report on Wednesday, July 30th. Wall Street Zen downgraded Anywhere Real Estate from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $4.00.

Anywhere Real Estate Stock Down 4.3%

The company has a market cap of $789.21 million, a price-to-earnings ratio of -7.19 and a beta of 1.66. 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 fifty day moving average is $5.56 and its two-hundred day moving average is $4.23.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). Anywhere Real Estate had a negative return on equity of 4.57% and a negative net margin of 1.87%.The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the firm posted $0.27 earnings per share. The business's revenue for the quarter was up .8% on a year-over-year basis. Sell-side analysts predict 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

A number of hedge funds have recently modified their holdings of HOUS. Vanguard Group Inc. grew its holdings in Anywhere Real Estate by 0.6% during the first quarter. Vanguard Group Inc. now owns 10,090,381 shares of the company's stock valued at $33,601,000 after purchasing an additional 60,440 shares during the period. RPD Fund Management LLC grew its stake in shares of Anywhere Real Estate by 5.9% during the 2nd quarter. RPD Fund Management LLC now owns 5,513,344 shares of the company's stock worth $19,958,000 after acquiring an additional 308,737 shares during the period. King Street Capital Management L.P. increased its holdings in Anywhere Real Estate by 174.3% in the 2nd quarter. King Street Capital Management L.P. now owns 4,800,000 shares of the company's stock worth $17,376,000 after acquiring an additional 3,050,000 shares during the last quarter. Geode Capital Management LLC raised its stake in Anywhere Real Estate by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 2,622,975 shares of the company's stock valued at $9,497,000 after acquiring an additional 87,113 shares during the period. Finally, Gator Capital Management LLC raised its stake in Anywhere Real Estate by 1.3% in the 1st quarter. Gator Capital Management LLC now owns 2,558,050 shares of the company's stock valued at $8,518,000 after acquiring an additional 33,000 shares during the period. Institutional investors own 97.56% of the company's stock.

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.