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

Anywhere Real Estate (NYSE:HOUS) had its target price lifted by equities researchers at Barclays from $11.00 to $13.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 4.71% from the stock’s previous close.

A number of other brokerages have also recently commented on HOUS. Wall Street Zen cut shares of Anywhere Real Estate from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Anywhere Real Estate in a research note on Wednesday, October 8th. Compass Point set a $11.00 target price on Anywhere Real Estate in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. upgraded Anywhere Real Estate from an “underweight” rating to a “neutral” rating and set a $10.00 price target for the company in a report on Monday, September 22nd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Anywhere Real Estate from $4.50 to $11.00 and gave the stock a “market perform” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Anywhere Real Estate currently has an average rating of “Reduce” and an average price target of $11.25.

Anywhere Real Estate Price Performance

HOUS stock traded down $0.21 during trading on Wednesday, reaching $12.42. 720,789 shares of the company were exchanged, compared to its average volume of 1,678,499. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.46 and a current ratio of 0.46. The stock’s 50 day moving average price is $9.42 and its 200 day moving average price is $6.08. Anywhere Real Estate has a 52-week low of $2.71 and a 52-week high of $12.93. The company has a market cap of $1.39 billion, a P/E ratio of -10.71 and a beta of 1.83.

Hedge Funds Weigh In On Anywhere Real Estate

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Greenland Capital Management LP acquired a new stake in Anywhere Real Estate in the third quarter valued at approximately $530,000. Highbridge Capital Management LLC acquired a new position in Anywhere Real Estate in the 3rd quarter worth $106,000. Towle & Co. purchased a new position in Anywhere Real Estate in the 3rd quarter valued at about $12,861,000. Alberta Investment Management Corp purchased a new stake in shares of Anywhere Real Estate during the third quarter worth about $1,171,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Anywhere Real Estate during the 3rd quarter valued at approximately $998,000. 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.