Anywhere Real Estate (NYSE:HOUS) Stock Price Down 5.6% - Should You Sell?

Key Points

• Anywhere Real Estate Inc. (NYSE:HOUS) experienced a stock price decline of 5.6%, closing at $6.15 after trading as low as $6.16, with a significant drop in trading volume.
• Analysts are cautious, with Barclays raising the price target to $3.50 while maintaining an "underweight" rating, and Wall Street Zen downgrading the stock from "hold" to "sell."
• The company reported Q2 earnings of $0.32 EPS, missing the consensus estimate, and a revenue of $1.68 billion, which was below expected figures.

Anywhere Real Estate Inc. (NYSE:HOUS - Get Free Report)'s stock price fell 5.6% during trading on Tuesday . The stock traded as low as $6.16 and last traded at $6.15. 428,491 shares changed hands during trading, a decline of 63% from the average session volume of 1,163,718 shares. The stock had previously closed at $6.51.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HOUS. Barclays increased their price target on shares of Anywhere Real Estate from $3.00 to $3.50 and gave the stock an "underweight" rating in a research note on Wednesday, July 30th. Wall Street Zen cut shares of 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $4.00.

Anywhere Real Estate Trading Down 5.9%

The stock's fifty day moving average price is $5.01 and its 200 day moving average price is $4.03. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.51. The stock has a market cap of $686.12 million, a PE ratio of -6.25 and a beta of 1.66.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last posted its quarterly earnings results 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 net margin of 1.87% and a negative return on equity of 4.57%. The firm had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter in the previous year, the company earned $0.27 EPS. The company's quarterly revenue was up .8% compared to the same quarter last year. On average, sell-side analysts forecast that Anywhere Real Estate Inc. will post 0.05 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Ballentine Partners LLC bought a new position in Anywhere Real Estate in the first quarter worth approximately $39,000. May Hill Capital LLC bought a new stake in Anywhere Real Estate in the 2nd quarter valued at $40,000. Avantax Advisory Services Inc. bought a new stake in Anywhere Real Estate in the 1st quarter valued at $43,000. First Trust Advisors LP bought a new stake in shares of Anywhere Real Estate in the 4th quarter worth about $50,000. Finally, Pallas Capital Advisors LLC bought a new stake in shares of 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.

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