Anywhere Real Estate (NYSE:HOUS) Rating Increased to Equal Weight at Barclays

Key Points

• Anywhere Real Estate has been upgraded by Barclays from an "underweight" rating to an "equal weight" rating, with a new target price of $11.00, indicating a potential upside of 6.80% from its previous close.
• The company's stock price has significantly risen, up 45.7%, and currently has a twelve-month low of $2.71 and a high of $12.03.
• Recent earnings reports showed Anywhere Real Estate missing analysts' estimates with an EPS of $0.32, compared to the expected $0.34, despite revenue of $1.68 billion, slightly up by 0.8% from the previous year.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) was upgraded by stock analysts at Barclays from a "strong sell" rating to an "equal weight" rating in a note issued to investors on Tuesday, MarketBeat.com reports. The brokerage presently has a $11.00 target price on the stock, up from their previous target price of $3.50. Barclays's price target points to a potential upside of 5.41% from the company's current price.

Other equities research analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Anywhere Real Estate from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. upgraded shares of Anywhere Real Estate from an "underweight" rating to a "neutral" rating and set a $10.00 price target for the company in a report on Monday. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $9.13.

Anywhere Real Estate Trading Up 1.4%

NYSE:HOUS opened at $10.44 on Tuesday. Anywhere Real Estate has a one year low of $2.71 and a one year high of $12.03. 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 has a market cap of $1.17 billion, a P/E ratio of -10.65 and a beta of 1.66. The firm has a 50-day simple moving average of $5.82 and a 200-day simple moving average of $4.33.

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 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 during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the firm posted $0.27 EPS. The company's revenue for the quarter was up .8% compared to the same quarter last year. Equities analysts anticipate that Anywhere Real Estate will post 0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Anywhere Real Estate by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 10,090,381 shares of the company's stock worth $33,601,000 after acquiring an additional 60,440 shares in the last quarter. RPD Fund Management LLC grew its position in 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 purchasing an additional 308,737 shares during the last quarter. King Street Capital Management L.P. grew its position in Anywhere Real Estate by 174.3% during 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 purchasing an additional 3,050,000 shares during the last quarter. Geode Capital Management LLC grew its position in Anywhere Real Estate by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 2,622,975 shares of the company's stock worth $9,497,000 after purchasing an additional 87,113 shares during the last quarter. Finally, Gator Capital Management LLC grew its position in Anywhere Real Estate by 1.3% during the 1st quarter. Gator Capital Management LLC now owns 2,558,050 shares of the company's stock worth $8,518,000 after purchasing an additional 33,000 shares during the last quarter. 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.