Barclays Increases Anywhere Real Estate (NYSE:HOUS) Price Target to $4.00

Anywhere Real Estate (NYSE:HOUS) had its price target upped by stock analysts at Barclays from $3.50 to $4.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s target price indicates a potential downside of 12.85% from the company’s current price.

Anywhere Real Estate Stock Up 1.3 %

Shares of Anywhere Real Estate stock traded up $0.06 during trading on Wednesday, hitting $4.59. The company’s stock had a trading volume of 106,852 shares, compared to its average volume of 1,329,902. Anywhere Real Estate has a 52 week low of $3.01 and a 52 week high of $8.40. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.36 and a current ratio of 0.36. The company has a fifty day simple moving average of $4.42 and a two-hundred day simple moving average of $4.37. The company has a market capitalization of $510.69 million, a PE ratio of -2.96 and a beta of 2.31.

Anywhere Real Estate (NYSE:HOUS) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.18). Anywhere Real Estate had a negative return on equity of 6.46% and a negative net margin of 3.06%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the firm earned $0.15 earnings per share. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. Equities research analysts predict that Anywhere Real Estate will post -0.7 earnings per share for the current year.

Institutional Trading of Anywhere Real Estate

Several institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC raised its position in Anywhere Real Estate by 441.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 899,722 shares of the company’s stock worth $2,978,000 after buying an additional 733,462 shares during the last quarter. GSA Capital Partners LLP lifted its position in Anywhere Real Estate by 5,035.3% during the third quarter. GSA Capital Partners LLP now owns 629,485 shares of the company’s stock valued at $3,198,000 after purchasing an additional 617,227 shares during the period. Whitebox Advisors LLC boosted its holdings in Anywhere Real Estate by 165.7% in the third quarter. Whitebox Advisors LLC now owns 398,489 shares of the company’s stock worth $2,024,000 after purchasing an additional 248,489 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Anywhere Real Estate in the 2nd quarter worth approximately $604,000. Finally, Marshall Wace LLP purchased a new position in shares of Anywhere Real Estate in the 2nd quarter worth $1,366,000. 97.56% of the stock is currently owned by hedge funds and other institutional investors.

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.