Anywhere Real Estate (NYSE:HOUS) Sets New 1-Year High – Here’s Why

Anywhere Real Estate Inc. (NYSE:HOUS)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $14.97 and last traded at $14.1050, with a volume of 2072234 shares. The stock had previously closed at $14.10.

Analyst Upgrades and Downgrades

HOUS has been the subject of a number of recent analyst reports. Compass Point set a $11.00 target price on Anywhere Real Estate in a report on Tuesday, September 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Anywhere Real Estate in a report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted 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, November 11th. JPMorgan Chase & Co. upgraded shares of Anywhere Real Estate from an “underweight” rating to a “neutral” rating and set a $10.00 target price on the stock in a research report on Monday, September 22nd. Finally, Barclays increased their target price on shares of Anywhere Real Estate from $13.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $12.75.

Anywhere Real Estate Stock Up 0.0%

The company has a market cap of $1.58 billion, a PE ratio of -12.16 and a beta of 1.86. The firm has a 50-day simple moving average of $11.57 and a two-hundred day simple moving average of $7.41. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.46 and a quick ratio of 0.46.

Anywhere Real Estate (NYSE:HOUS) last posted its quarterly earnings data on Tuesday, November 4th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.30). The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.53 billion. Anywhere Real Estate had a negative net margin of 2.18% and a negative return on equity of 5.04%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 EPS. Research analysts anticipate that Anywhere Real Estate Inc. will post 0.05 earnings per share for the current fiscal year.

Institutional Trading of Anywhere Real Estate

A number of institutional investors have recently added to or reduced their stakes in HOUS. May Hill Capital LLC purchased a new position in Anywhere Real Estate in the second quarter valued at about $40,000. Avantax Advisory Services Inc. acquired a new position in Anywhere Real Estate during the 1st quarter worth $43,000. Los Angeles Capital Management LLC bought a new position in Anywhere Real Estate during the 2nd quarter valued at $53,000. Ballentine Partners LLC raised its stake in shares of Anywhere Real Estate by 25.5% in the 2nd quarter. Ballentine Partners LLC now owns 14,822 shares of the company’s stock worth $54,000 after buying an additional 3,014 shares in the last quarter. Finally, PenderFund Capital Management Ltd. bought a new stake in Anywhere Real Estate in the third quarter worth about $58,000. 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.