Anywhere Real Estate (NYSE:HOUS) Stock Price Down 5.7%

Anywhere Real Estate Inc. (NYSE:HOUS) shares dropped 5.7% during mid-day trading on Tuesday . The stock traded as low as $4.96 and last traded at $4.96. Approximately 47,263 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 1,471,912 shares. The stock had previously closed at $5.26.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HOUS. Stephens dropped their price objective on shares of Anywhere Real Estate from $9.50 to $5.50 and set an “equal weight” rating on the stock in a report on Wednesday, October 25th. Barclays dropped their price objective on Anywhere Real Estate from $5.00 to $4.50 and set an “underweight” rating on the stock in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, Anywhere Real Estate currently has a consensus rating of “Hold” and a consensus target price of $6.00.

Anywhere Real Estate Price Performance

The company has a debt-to-equity ratio of 1.35, a current ratio of 0.50 and a quick ratio of 0.50. The firm has a market cap of $542.50 million, a PE ratio of -1.29 and a beta of 2.44. The business’s fifty day moving average is $5.61 and its 200-day moving average is $6.35.

Anywhere Real Estate (NYSE:HOUS) last posted its quarterly earnings results on Tuesday, October 24th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.58 billion. Anywhere Real Estate had a negative return on equity of 9.07% and a negative net margin of 7.76%. On average, research analysts predict that Anywhere Real Estate Inc. will post -0.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Enrique Silva purchased 15,000 shares of Anywhere Real Estate stock in a transaction dated Friday, November 3rd. The stock was purchased at an average cost of $5.42 per share, for a total transaction of $81,300.00. Following the transaction, the director now directly owns 112,216 shares of the company’s stock, valued at $608,210.72. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 3.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Tudor Investment Corp Et Al lifted its stake in Anywhere Real Estate by 5.5% in the third quarter. Tudor Investment Corp Et Al now owns 278,079 shares of the company’s stock worth $1,788,000 after acquiring an additional 14,471 shares during the period. Sixth Street Partners Management Company L.P. lifted its stake in Anywhere Real Estate by 3.4% during the 3rd quarter. Sixth Street Partners Management Company L.P. now owns 5,423,280 shares of the company’s stock valued at $34,872,000 after acquiring an additional 176,300 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Anywhere Real Estate by 36.6% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 15,500 shares of the company’s stock valued at $100,000 after buying an additional 4,152 shares during the period. Evergreen Capital Management LLC bought a new position in shares of Anywhere Real Estate in the 3rd quarter worth approximately $65,000. Finally, AXQ Capital LP purchased a new position in Anywhere Real Estate during the third quarter valued at $105,000. Hedge funds and other institutional investors own 97.56% of the company’s stock.

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.