Anywhere Real Estate (NYSE:HOUS) Given New $3.00 Price Target at Barclays

Anywhere Real Estate (NYSE:HOUS) had its target price cut by Barclays from $4.00 to $3.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s price objective suggests a potential downside of 11.24% from the company’s current price.

Anywhere Real Estate Trading Up 0.3 %

Shares of Anywhere Real Estate stock traded up $0.01 on Thursday, hitting $3.38. 840,346 shares of the company’s stock traded hands, compared to its average volume of 1,426,150. The company has a fifty day moving average of $3.97 and a two-hundred day moving average of $4.35. Anywhere Real Estate has a one year low of $2.71 and a one year high of $7.89. The company has a market capitalization of $376.06 million, a price-to-earnings ratio of -2.18 and a beta of 2.38. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.36 and a quick ratio of 0.36.

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

Hedge Funds Weigh In On Anywhere Real Estate

Several institutional investors have recently made changes to their positions in HOUS. Bank of Montreal Can increased its position in Anywhere Real Estate by 1,210.8% in the 2nd quarter. Bank of Montreal Can now owns 2,922,639 shares of the company’s stock valued at $9,674,000 after buying an additional 2,699,671 shares in the last quarter. Millennium Management LLC grew its stake in Anywhere Real Estate by 29,696.5% in the second quarter. Millennium Management LLC now owns 2,034,508 shares of the company’s stock valued at $6,734,000 after acquiring an additional 2,027,680 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Anywhere Real Estate by 565.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,751,445 shares of the company’s stock valued at $8,897,000 after acquiring an additional 1,488,226 shares in the last quarter. Barclays PLC raised its position in shares of Anywhere Real Estate by 725.7% during the third quarter. Barclays PLC now owns 1,436,706 shares of the company’s stock worth $7,297,000 after purchasing an additional 1,262,714 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of 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 worth $18,391,000 after purchasing an additional 768,361 shares in the last quarter. Institutional investors and hedge funds 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.