Weiss Ratings Reiterates Sell (D-) Rating for Anywhere Real Estate (NYSE:HOUS)

Key Points

• Weiss Ratings has reiterated a Sell (D-) rating for Anywhere Real Estate (NYSE:HOUS), indicating ongoing concerns about the stock's performance.
• Analysts have expressed mixed views; while Wall Street Zen downgraded the stock to "sell", JPMorgan raised it to "neutral" with a price target of $10.00.
• For the last quarter, Anywhere Real Estate reported an earnings miss, with Revenue of $1.68 billion falling short of expectations, leading to negative sentiment around its financial outlook.

Anywhere Real Estate (NYSE:HOUS - Get Free Report)'s stock had its "sell (d-)" rating reiterated by research analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

A number of other brokerages have also commented on HOUS. Wall Street Zen lowered shares of Anywhere Real Estate from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. raised shares of Anywhere Real Estate from an "underweight" rating to a "neutral" rating and set a $10.00 price objective on the stock in a report on Monday, September 22nd. Barclays raised shares of Anywhere Real Estate from a "strong sell" rating to an "equal weight" rating and increased their price objective for the stock from $3.50 to $11.00 in a report on Tuesday, September 23rd. Finally, Compass Point set a $11.00 price objective on shares of Anywhere Real Estate in a report on Tuesday, September 23rd. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Anywhere Real Estate has a consensus rating of "Reduce" and a consensus price target of $9.13.

Anywhere Real Estate Price Performance

Shares of HOUS traded up $0.58 during trading hours on Friday, hitting $10.70. The stock had a trading volume of 3,120,804 shares, compared to its average volume of 1,632,880. The company's fifty day moving average is $8.13 and its two-hundred day moving average is $5.31. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.52 and a quick ratio of 0.52. Anywhere Real Estate has a 52 week low of $2.71 and a 52 week high of $12.03. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -10.91 and a beta of 1.76.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.32 EPS 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 company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the company earned $0.27 EPS. The firm's revenue was up .8% compared to the same quarter last year. On average, analysts anticipate that Anywhere Real Estate will post 0.05 EPS for the current year.

Institutional Trading of Anywhere Real Estate

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Anywhere Real Estate by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 10,090,381 shares of the company's stock valued at $33,601,000 after acquiring an additional 60,440 shares during the period. RPD Fund Management LLC raised its position in shares of Anywhere Real Estate by 5.9% in the 2nd quarter. RPD Fund Management LLC now owns 5,513,344 shares of the company's stock valued at $19,958,000 after acquiring an additional 308,737 shares during the period. King Street Capital Management L.P. raised its position in shares of Anywhere Real Estate by 174.3% in the 2nd quarter. King Street Capital Management L.P. now owns 4,800,000 shares of the company's stock valued at $17,376,000 after acquiring an additional 3,050,000 shares during the period. Geode Capital Management LLC raised its position in shares of Anywhere Real Estate by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 2,622,975 shares of the company's stock valued at $9,497,000 after acquiring an additional 87,113 shares during the period. Finally, Gator Capital Management LLC raised its position in shares of Anywhere Real Estate by 1.3% in the 1st quarter. Gator Capital Management LLC now owns 2,558,050 shares of the company's stock valued at $8,518,000 after acquiring an additional 33,000 shares during the period. 97.56% of the stock is currently 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.

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