Anywhere Real Estate (NYSE:HOUS) Price Target Lowered to $4.50 at Barclays

Anywhere Real Estate (NYSE:HOUS) had its target price reduced by Barclays from $5.00 to $4.50 in a research note published on Friday, Benzinga reports. Barclays currently has an underweight rating on the stock.

Separately, Stephens boosted their target price on Anywhere Real Estate from $5.50 to $8.00 and gave the stock an equal weight rating in a report on Friday, February 16th.

Anywhere Real Estate Trading Up 3.2 %

Anywhere Real Estate stock opened at $5.18 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.37 and a debt-to-equity ratio of 1.37. The stock has a market cap of $575.42 million, a PE ratio of -5.69 and a beta of 2.46. The stock has a 50-day moving average price of $5.75 and a 200 day moving average price of $6.09. Anywhere Real Estate has a 52 week low of $4.09 and a 52 week high of $9.43.

Anywhere Real Estate (NYSE:HOUS) last posted its quarterly earnings results on Thursday, February 15th. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.07. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Anywhere Real Estate had a negative return on equity of 6.21% and a negative net margin of 1.07%. The firm’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.85) EPS. Equities research analysts predict that Anywhere Real Estate will post -0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Anywhere Real Estate

A number of institutional investors have recently made changes to their positions in HOUS. Frazier Financial Advisors LLC bought a new stake in shares of Anywhere Real Estate in the 4th quarter valued at approximately $28,000. GAMMA Investing LLC bought a new stake in shares of Anywhere Real Estate in the 4th quarter valued at approximately $31,000. Nisa Investment Advisors LLC increased its holdings in shares of Anywhere Real Estate by 609.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,240 shares of the company’s stock valued at $51,000 after acquiring an additional 5,360 shares during the last quarter. Evergreen Capital Management LLC bought a new stake in shares of Anywhere Real Estate in the 3rd quarter valued at approximately $65,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Anywhere Real Estate by 1,109.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 10,387 shares of the company’s stock valued at $67,000 after acquiring an additional 9,528 shares during the last quarter. 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.