Anywhere Real Estate (NYSE:HOUS) Stock Price Down 5.6% - Time to 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) shares traded down 5.6% on Tuesday . The stock traded as low as $6.16 and last traded at $6.15. 428,491 shares were traded during trading, a decline of 63% from the average session volume of 1,163,718 shares. The stock had previously closed at $6.51.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Barclays upped 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 report on Wednesday, July 30th. Wall Street Zen cut shares of Anywhere Real Estate from a "hold" rating to a "sell" rating in a research note 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. Based on data from MarketBeat.com, Anywhere Real Estate has an average rating of "Reduce" and an average price target of $4.00.

Anywhere Real Estate Stock Performance

The company has a market cap of $800.97 million, a PE ratio of -7.30 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 firm's 50 day moving average is $5.23 and its 200-day moving average is $4.10.

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). Anywhere Real Estate had a negative net margin of 1.87% and a negative return on equity of 4.57%. The business had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same period in the prior year, the company posted $0.27 EPS. The firm's revenue was up .8% on a year-over-year basis. On average, research analysts anticipate that Anywhere Real Estate Inc. will post 0.05 earnings per share for the current fiscal year.

Institutional Trading of Anywhere Real Estate

Several hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans purchased a new stake in shares of Anywhere Real Estate in the 2nd quarter valued at approximately $357,000. MUFG Securities EMEA plc purchased a new stake in shares of Anywhere Real Estate in the 2nd quarter valued at approximately $3,620,000. RPD Fund Management LLC grew its stake in shares of Anywhere Real Estate by 5.9% in the 2nd quarter. RPD Fund Management LLC now owns 5,513,344 shares of the company's stock valued at $19,958,000 after buying an additional 308,737 shares during the period. Bridgeway Capital Management LLC grew its stake in shares of Anywhere Real Estate by 2.8% in the 2nd quarter. Bridgeway Capital Management LLC now owns 938,303 shares of the company's stock valued at $3,397,000 after buying an additional 25,131 shares during the period. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of Anywhere Real Estate in the 2nd quarter valued at approximately $126,000. Hedge funds and other institutional investors own 97.56% of the company's stock.

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.