Anywhere Real Estate (NYSE:HOUS) Stock Price Down 3.8%

Anywhere Real Estate Inc. (NYSE:HOUS) shares traded down 3.8% during mid-day trading on Wednesday . The stock traded as low as $7.27 and last traded at $7.28. 31,152 shares were traded during trading, a decline of 98% from the average session volume of 1,503,153 shares. The stock had previously closed at $7.57.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Stephens boosted their price target on Anywhere Real Estate from $5.50 to $9.50 in a research note on Wednesday, July 26th. BTIG Research began coverage on shares of Anywhere Real Estate in a research report on Monday, July 17th. They issued a “neutral” rating for the company. Finally, Barclays increased their price target on shares of Anywhere Real Estate from $4.50 to $5.00 in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $7.13.

Anywhere Real Estate Stock Performance

The stock has a market cap of $817.59 million, a price-to-earnings ratio of -1.52 and a beta of 2.39. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.62. The company has a 50 day simple moving average of $7.28 and a 200 day simple moving average of $6.30.

Anywhere Real Estate (NYSE:HOUS) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.16). Anywhere Real Estate had a negative return on equity of 5.84% and a negative net margin of 8.71%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.70 billion. As a group, equities research analysts forecast that Anywhere Real Estate Inc. will post -0.49 EPS for the current year.

Institutional Trading of Anywhere Real Estate

Hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its holdings in shares of Anywhere Real Estate by 80.4% during the second quarter. Quadrant Capital Group LLC now owns 3,995 shares of the company’s stock worth $27,000 after purchasing an additional 1,781 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Anywhere Real Estate by 47.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,561 shares of the company’s stock worth $30,000 after buying an additional 1,460 shares during the period. EverSource Wealth Advisors LLC bought a new stake in shares of Anywhere Real Estate in the 4th quarter valued at about $31,000. Metropolitan Life Insurance Co NY bought a new position in Anywhere Real Estate during the 4th quarter worth approximately $44,000. Finally, State of Wyoming acquired a new position in shares of Anywhere Real Estate in the 4th quarter worth approximately $46,000. 97.56% of the stock is owned by institutional investors and hedge funds.

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.