Barclays Has Lowered Expectations for Anywhere Real Estate (NYSE:HOUS) Stock Price

Anywhere Real Estate (NYSE:HOUS) had its target price dropped by equities research analysts at Barclays from $4.00 to $3.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s target price would suggest a potential downside of 11.24% from the company’s previous close.

Anywhere Real Estate Stock Up 0.3 %

HOUS traded up $0.01 during midday trading on Thursday, reaching $3.38. 840,346 shares of the company were exchanged, compared to its average volume of 1,426,150. The company has a market cap of $376.06 million, a price-to-earnings ratio of -2.18 and a beta of 2.38. Anywhere Real Estate has a one year low of $2.71 and a one year high of $7.89. The company’s fifty day moving average price is $3.97 and its 200 day moving average price is $4.35. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.36 and a current ratio of 0.36.

Anywhere Real Estate (NYSE:HOUS) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the company posted $0.15 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. As a group, analysts expect that Anywhere Real Estate will post -0.7 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HOUS. Dimensional Fund Advisors LP increased its stake in Anywhere Real Estate by 16.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,556,365 shares of the company’s stock valued at $18,391,000 after buying an additional 768,361 shares during the last quarter. Bank of Montreal Can increased its position in shares of Anywhere Real Estate by 1,210.8% during the second quarter. Bank of Montreal Can now owns 2,922,639 shares of the company’s stock valued at $9,674,000 after acquiring an additional 2,699,671 shares during the last quarter. Millennium Management LLC lifted its holdings in Anywhere Real Estate by 29,696.5% during the second quarter. Millennium Management LLC now owns 2,034,508 shares of the company’s stock worth $6,734,000 after acquiring an additional 2,027,680 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in Anywhere Real Estate by 565.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,751,445 shares of the company’s stock valued at $8,897,000 after purchasing an additional 1,488,226 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Anywhere Real Estate by 12.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,475,022 shares of the company’s stock valued at $7,493,000 after purchasing an additional 159,364 shares during the last quarter. 97.56% of the stock is owned by 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.