Anywhere Real Estate (NYSE:HOUS) Price Target Raised to $3.50

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 price objective increased by equities researchers at Barclays from $3.00 to $3.50 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "underweight" rating on the stock. Barclays's target price suggests a potential downside of 21.88% from the stock's current price.

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

Anywhere Real Estate Stock Down 3.0%

HOUS stock traded down $0.14 during trading on Wednesday, hitting $4.48. 1,657,714 shares of the company's stock traded hands, compared to its average volume of 1,332,038. The firm has a market capitalization of $500.91 million, a P/E ratio of -4.57 and a beta of 1.70. The business has a fifty day simple moving average of $3.92 and a two-hundred day simple moving average of $3.65. The company has a quick ratio of 0.32, a current ratio of 0.52 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.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last issued 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). The business had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.77 billion. Anywhere Real Estate had a negative net margin of 1.87% and a negative return on equity of 4.57%. The business's quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. Sell-side analysts anticipate that Anywhere Real Estate will post 0.05 EPS for the current year.

Institutional Investors Weigh In On Anywhere Real Estate

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ballentine Partners LLC acquired a new stake in shares of Anywhere Real Estate during the first quarter worth $39,000. May Hill Capital LLC acquired a new stake in shares of Anywhere Real Estate during the second quarter worth $40,000. RPO LLC acquired a new stake in shares of Anywhere Real Estate during the fourth quarter worth $43,000. Avantax Advisory Services Inc. acquired a new stake in shares of Anywhere Real Estate during the first quarter worth $43,000. Finally, First Trust Advisors LP acquired a new stake in shares of Anywhere Real Estate during the fourth quarter worth $50,000. 97.56% of the stock is currently owned by institutional investors and hedge funds.

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.