Anywhere Real Estate (NYSE:HOUS) Trading Up 7.1%

Anywhere Real Estate Inc. (NYSE:HOUS)’s stock price was up 7.1% during trading on Thursday . The company traded as high as $6.18 and last traded at $6.15. Approximately 631,231 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 1,045,574 shares. The stock had previously closed at $5.74.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HOUS shares. Barclays boosted their price objective on shares of Anywhere Real Estate from $4.50 to $5.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. lowered shares of Anywhere Real Estate from a “neutral” rating to an “underweight” rating and set a $7.00 price target on the stock. in a report on Monday, December 18th. Finally, Stephens lifted their price target on shares of 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 Stock Up 7.7 %

The stock has a market capitalization of $686.51 million, a PE ratio of -6.79 and a beta of 2.46. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.37 and a quick ratio of 0.37. The business’s fifty day moving average price is $6.45 and its two-hundred day moving average price is $6.28.

Anywhere Real Estate (NYSE:HOUS) last announced its quarterly earnings data on Thursday, February 15th. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.07. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.27 billion. Anywhere Real Estate had a negative net margin of 1.72% and a negative return on equity of 7.23%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.85) earnings per share. On average, equities research analysts forecast that Anywhere Real Estate Inc. will post -0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Anywhere Real Estate

Large investors have recently made changes to their positions in the stock. Southeastern Asset Management Inc. TN purchased a new stake in Anywhere Real Estate in the fourth quarter valued at $41,816,000. Sixth Street Partners Management Company L.P. purchased a new stake in Anywhere Real Estate in the second quarter valued at $35,050,000. Bank of America Corp DE purchased a new stake in Anywhere Real Estate in the fourth quarter valued at $19,802,000. Geode Capital Management LLC purchased a new stake in Anywhere Real Estate in the fourth quarter valued at $14,276,000. Finally, Morgan Stanley purchased a new stake in Anywhere Real Estate in the fourth quarter valued at $10,519,000. 97.56% of the stock is owned by hedge funds and other institutional investors.

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.