Barclays Issues Positive Forecast for Anywhere Real Estate (NYSE:HOUS) Stock Price

Key Points

• Barclays raised its target price for Anywhere Real Estate (NYSE:HOUS) from $3.00 to $3.50, indicating a potential downside of 29.72% based on the stock's previous close.
• Keefe, Bruyette & Woods also reduced their target price from $5.00 to $4.50 and set a "market perform" rating for the stock.
• Anywhere Real Estate recently reported a quarterly EPS of $0.24, missing analysts' expectations, with revenues of $1.68 billion, slightly up 0.8% year-over-year.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) had its target price boosted by equities researchers at Barclays from $3.00 to $3.50 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an "underweight" rating on the stock. Barclays's price objective points to a potential downside of 21.88% from the stock's previous close.

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

Anywhere Real Estate Price Performance

Shares of HOUS traded down $0.14 during mid-day trading on Wednesday, hitting $4.48. The company's stock had a trading volume of 1,657,714 shares, compared to its average volume of 1,414,924. The company has a current ratio of 0.52, a quick ratio of 0.32 and a debt-to-equity ratio of 1.51. Anywhere Real Estate has a 1-year low of $2.71 and a 1-year high of $5.95. The firm has a market capitalization of $500.91 million, a P/E ratio of -4.57 and a beta of 1.70. The firm has a 50-day simple moving average of $3.92 and a 200 day simple moving average of $3.65.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.32 earnings per share 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 business had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter last year, the firm earned $0.27 earnings per share. The firm's quarterly revenue was up .8% compared to the same quarter last year. Analysts predict that Anywhere Real Estate will post 0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Anywhere Real Estate

A number of institutional investors have recently made changes to their positions in the stock. May Hill Capital LLC acquired a new position in Anywhere Real Estate in the second quarter valued at $40,000. Transcend Capital Advisors LLC increased its stake in Anywhere Real Estate by 18.7% in the second quarter. Transcend Capital Advisors LLC now owns 199,812 shares of the company's stock valued at $723,000 after purchasing an additional 31,435 shares during the last quarter. Allianz Asset Management GmbH acquired a new position in Anywhere Real Estate in the second quarter valued at $448,000. Institute for Wealth Management LLC. acquired a new position in Anywhere Real Estate in the second quarter valued at $181,000. Finally, Ballentine Partners LLC grew its position in Anywhere Real Estate by 25.5% during the second quarter. Ballentine Partners LLC now owns 14,822 shares of the company's stock valued at $54,000 after acquiring an additional 3,014 shares during the period. 97.56% of the stock is 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.