Anywhere Real Estate (NYSE:HOUS) Shares Gap Down to $5.41

Anywhere Real Estate Inc. (NYSE:HOUS - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $5.41, but opened at $5.00. Anywhere Real Estate shares last traded at $5.11, with a volume of 474,652 shares.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HOUS. Stephens boosted their target price on Anywhere Real Estate from $5.50 to $8.00 and gave the stock an "equal weight" rating in a report on Friday, February 16th. Barclays boosted their target price on Anywhere Real Estate from $4.50 to $5.00 and gave the stock an "underweight" rating in a report on Tuesday, February 20th.

Anywhere Real Estate Stock Down 7.4 %

The firm has a market cap of $556.51 million, a price-to-earnings ratio of -5.51 and a beta of 2.46. The firm's 50 day moving average price is $5.79 and its two-hundred day moving average price is $6.10. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.37 and a quick ratio of 0.37.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last announced its earnings results on Thursday, February 15th. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.07. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.27 billion. Anywhere Real Estate had a negative net margin of 1.72% and a negative return on equity of 7.23%. The business's quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.85) earnings per share. As a group, sell-side analysts forecast that Anywhere Real Estate Inc. will post -0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System increased its stake in shares of Anywhere Real Estate by 8.7% during the 1st quarter. New York State Teachers Retirement System now owns 141,586 shares of the company's stock worth $875,000 after purchasing an additional 11,327 shares in the last quarter. PFG Investments LLC acquired a new stake in Anywhere Real Estate during the first quarter worth approximately $167,000. Norden Group LLC acquired a new stake in Anywhere Real Estate during the first quarter worth approximately $166,000. Allspring Global Investments Holdings LLC acquired a new stake in Anywhere Real Estate during the first quarter worth approximately $72,000. Finally, Counterpoint Mutual Funds LLC boosted its position in Anywhere Real Estate by 307.0% during the first quarter. Counterpoint Mutual Funds LLC now owns 50,936 shares of the company's stock worth $315,000 after acquiring an additional 38,421 shares during the last quarter. 97.56% of the stock is owned by hedge funds and other institutional investors.

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.