Keefe, Bruyette & Woods Issues Pessimistic Forecast for Anywhere Real Estate (NYSE:HOUS) Stock Price

Anywhere Real Estate (NYSE:HOUS - Get Free Report) had its price target cut by research analysts at Keefe, Bruyette & Woods from $5.00 to $4.50 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective suggests a potential upside of 47.30% from the company's previous close.

Separately, Barclays reduced their target price on Anywhere Real Estate from $4.00 to $3.00 and set an "underweight" rating for the company in a report on Thursday, January 16th.

Anywhere Real Estate Trading Down 3.9 %

HOUS traded down $0.13 on Monday, hitting $3.06. The company had a trading volume of 198,948 shares, compared to its average volume of 1,332,674. The company has a current ratio of 0.33, a quick ratio of 0.36 and a debt-to-equity ratio of 1.38. The firm has a market cap of $341.53 million, a P/E ratio of -2.63 and a beta of 2.05. The company's fifty day moving average price is $3.40 and its 200 day moving average price is $3.74. 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 released its earnings results on Thursday, February 13th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.36) by ($0.09). The company had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.28 billion. Anywhere Real Estate had a negative net margin of 2.25% and a negative return on equity of 5.88%. As a group, equities analysts expect that Anywhere Real Estate will post 0.05 earnings per share for the current year.

Institutional Investors Weigh In On Anywhere Real Estate

Hedge funds have recently modified their holdings of the stock. Invesco Ltd. lifted its holdings in shares of Anywhere Real Estate by 1.9% in the 4th quarter. Invesco Ltd. now owns 179,612 shares of the company's stock valued at $593,000 after buying an additional 3,327 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its position in Anywhere Real Estate by 1.9% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 236,696 shares of the company's stock worth $781,000 after buying an additional 4,490 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Anywhere Real Estate by 6.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 98,659 shares of the company's stock worth $326,000 after acquiring an additional 6,192 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Anywhere Real Estate by 5.1% in the 4th quarter. Hsbc Holdings PLC now owns 170,263 shares of the company's stock worth $570,000 after acquiring an additional 8,339 shares during the period. Finally, ProShare Advisors LLC grew its holdings in Anywhere Real Estate by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 27,640 shares of the company's stock valued at $91,000 after purchasing an additional 9,095 shares during the last quarter. 97.56% of the stock is 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.

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