Anywhere Real Estate (NYSE:HOUS) Shares Up 9.1% - Here's What Happened

Anywhere Real Estate Inc. (NYSE:HOUS - Get Free Report) shares rose 9.1% during mid-day trading on Tuesday . The stock traded as high as $4.53 and last traded at $4.54. Approximately 1,937,590 shares traded hands during mid-day trading, an increase of 83% from the average daily volume of 1,060,512 shares. The stock had previously closed at $4.16.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lowered their price objective on shares of Anywhere Real Estate from $5.00 to $4.50 and set a "market perform" rating on the stock in a research note on Monday, April 28th.

Anywhere Real Estate Stock Performance

The firm's fifty day simple moving average is $3.77 and its 200 day simple moving average is $3.58. The company has a market capitalization of $530.54 million, a price-to-earnings ratio of -4.99 and a beta of 1.73. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.32 and a quick ratio of 0.32.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.51) by ($0.06). Anywhere Real Estate had a negative return on equity of 4.44% and a negative net margin of 1.82%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the business earned ($0.91) earnings per share. The business's quarterly revenue was up 6.9% 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 Trading of Anywhere Real Estate

Several institutional investors have recently made changes to their positions in HOUS. Ballentine Partners LLC acquired a new stake in Anywhere Real Estate in the first quarter valued at approximately $39,000. RPO LLC bought a new position in shares of Anywhere Real Estate in the fourth quarter valued at approximately $43,000. Avantax Advisory Services Inc. bought a new position in shares of Anywhere Real Estate in the first quarter valued at approximately $43,000. First Trust Advisors LP bought a new position in shares of Anywhere Real Estate in the fourth quarter valued at approximately $50,000. Finally, Pallas Capital Advisors LLC bought a new position in shares of Anywhere Real Estate in the first quarter valued at approximately $52,000. 97.56% of the stock is currently owned by institutional investors and hedge funds.

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.