50,000 Shares in Anywhere Real Estate Inc. $HOUS Bought by Institute for Wealth Management LLC.

Key Points

• Institute for Wealth Management LLC acquired 50,000 shares of Anywhere Real Estate Inc. (NYSE: HOUS), valued at approximately $181,000, during the 2nd quarter.
• Analysts have set a new price target for Anywhere Real Estate, with Compass Point and Barclays both designating new targets of $11.00, while JPMorgan Chase & Co. raised its rating and set a $10.00 target.
• Anywhere Real Estate reported earnings per share of $0.32 in its last quarterly earnings, missing estimates of $0.34, with revenue of $1.68 billion, below analyst projections.

Institute for Wealth Management LLC. acquired a new position in shares of Anywhere Real Estate Inc. (NYSE:HOUS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 50,000 shares of the company's stock, valued at approximately $181,000.

Several other hedge funds have also added to or reduced their stakes in HOUS. Ballentine Partners LLC acquired a new stake in Anywhere Real Estate during the 1st quarter worth $39,000. Avantax Advisory Services Inc. acquired a new stake in shares of Anywhere Real Estate in the 1st quarter valued at about $43,000. Pallas Capital Advisors LLC acquired a new stake in shares of Anywhere Real Estate in the 1st quarter valued at about $52,000. Strs Ohio acquired a new stake in shares of Anywhere Real Estate in the 1st quarter valued at about $64,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Anywhere Real Estate in the 1st quarter valued at about $84,000. Institutional investors and hedge funds own 97.56% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Compass Point set a $11.00 price target on Anywhere Real Estate in a research note on Tuesday, September 23rd. Wall Street Zen downgraded Anywhere Real Estate from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. raised Anywhere Real Estate from an "underweight" rating to a "neutral" rating and set a $10.00 price target on the stock in a research note on Monday, September 22nd. Finally, Barclays raised Anywhere Real Estate from a "strong sell" rating to an "equal weight" rating and lifted their price target for the company from $3.50 to $11.00 in a research note on Tuesday, September 23rd. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $9.13.

Anywhere Real Estate Price Performance

Shares of NYSE HOUS opened at $10.04 on Friday. The business's 50 day moving average price is $6.68 and its two-hundred day moving average price is $4.66. The company has a market cap of $1.13 billion, a PE ratio of -10.25 and a beta of 1.76. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.51. Anywhere Real Estate Inc. has a twelve month low of $2.71 and a twelve month high of $12.03.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last announced 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 return on equity of 4.57% and a negative net margin of 1.87%.The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the firm earned $0.27 EPS. Anywhere Real Estate's quarterly revenue was up .8% compared to the same quarter last year. On average, analysts predict that Anywhere Real Estate Inc. will post 0.05 EPS for the current year.

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.

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