Barclays Cuts Anywhere Real Estate (NYSE:HOUS) Price Target to $3.00

Anywhere Real Estate (NYSE:HOUS) had its target price trimmed by Barclays from $4.00 to $3.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has an underweight rating on the stock.

Anywhere Real Estate Stock Performance

Anywhere Real Estate stock opened at $3.51 on Thursday. Anywhere Real Estate has a fifty-two week low of $2.71 and a fifty-two week high of $7.89. The company has a market capitalization of $389.97 million, a price-to-earnings ratio of -2.26 and a beta of 2.38. The stock has a fifty day moving average of $3.96 and a two-hundred day moving average of $4.35. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.36 and a current ratio of 0.36.

Anywhere Real Estate (NYSE:HOUS) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.18). The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Anywhere Real Estate had a negative return on equity of 6.46% and a negative net margin of 3.06%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 EPS. On average, analysts anticipate that Anywhere Real Estate will post -0.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Anywhere Real Estate

Several institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP purchased a new stake in Anywhere Real Estate in the 3rd quarter worth approximately $26,000. Townsquare Capital LLC purchased a new position in shares of Anywhere Real Estate during the 3rd quarter worth $52,000. Ballentine Partners LLC acquired a new stake in shares of Anywhere Real Estate during the third quarter worth $62,000. Virtu Financial LLC grew its position in shares of Anywhere Real Estate by 24.6% in the third quarter. Virtu Financial LLC now owns 15,305 shares of the company’s stock valued at $78,000 after purchasing an additional 3,022 shares during the period. Finally, Empirical Asset Management LLC acquired a new position in Anywhere Real Estate in the fourth quarter valued at $52,000. Hedge funds and other institutional investors own 97.56% of the company’s stock.

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.