Barclays Cuts Anywhere Real Estate (NYSE:HOUS) Price Target to $3.50

Anywhere Real Estate (NYSE:HOUS) had its target price cut by equities researchers at Barclays from $4.50 to $3.50 in a research note issued on Friday, Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s price target suggests a potential downside of 12.72% from the stock’s current price.

Anywhere Real Estate Stock Up 2.8 %

NYSE:HOUS traded up $0.11 during mid-day trading on Friday, reaching $4.01. The stock had a trading volume of 907,353 shares, compared to its average volume of 1,511,156. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market cap of $445.54 million, a P/E ratio of -7.16 and a beta of 2.30. The business’s 50 day moving average is $4.05 and its 200 day moving average is $5.59. Anywhere Real Estate has a fifty-two week low of $3.01 and a fifty-two week high of $9.43.

Anywhere Real Estate (NYSE:HOUS) last released its quarterly earnings results on Thursday, April 25th. The company reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.68) by ($0.11). The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.15 billion. Anywhere Real Estate had a negative net margin of 1.07% and a negative return on equity of 6.21%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.96) EPS. As a group, sell-side analysts predict that Anywhere Real Estate will post -0.32 earnings per share for the current year.

Institutional Investors Weigh In On Anywhere Real Estate

Large investors have recently added to or reduced their stakes in the stock. Angelo Gordon & CO. L.P. lifted its stake in shares of Anywhere Real Estate by 3.5% in the fourth quarter. Angelo Gordon & CO. L.P. now owns 9,692,993 shares of the company’s stock worth $78,610,000 after buying an additional 330,288 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in Anywhere Real Estate by 1,414.7% during the 4th quarter. Wolverine Asset Management LLC now owns 315,779 shares of the company’s stock valued at $2,561,000 after purchasing an additional 294,932 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Anywhere Real Estate by 56.0% during the fourth quarter. Federated Hermes Inc. now owns 780,272 shares of the company’s stock worth $6,328,000 after buying an additional 279,978 shares during the last quarter. Cibc World Markets Corp acquired a new position in shares of Anywhere Real Estate during the fourth quarter worth approximately $2,230,000. Finally, Allianz Asset Management GmbH grew its stake in shares of Anywhere Real Estate by 11.9% in the fourth quarter. Allianz Asset Management GmbH now owns 1,852,622 shares of the company’s stock worth $15,025,000 after acquiring an additional 197,696 shares during the last quarter. Institutional investors own 97.56% of the company’s stock.

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.