Barclays Forecasts Strong Price Appreciation for Anywhere Real Estate (NYSE:HOUS) Stock

Anywhere Real Estate (NYSE:HOUS) had its target price increased by investment analysts at Barclays from $3.50 to $4.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s target price would indicate a potential downside of 10.11% from the company’s current price.

Anywhere Real Estate Trading Down 2.0 %

Shares of HOUS opened at $4.45 on Wednesday. Anywhere Real Estate has a 52-week low of $3.01 and a 52-week high of $8.40. The business’s fifty day moving average is $4.39 and its 200-day moving average is $4.38. 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 firm has a market cap of $495.12 million, a price-to-earnings ratio of -2.87 and a beta of 2.31.

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

Institutional Inflows and Outflows

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

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.