Anywhere Real Estate (NYSE:HOUS) Reaches New 1-Year High on Analyst Upgrade

Anywhere Real Estate Inc. (NYSE:HOUS)’s stock price hit a new 52-week high during mid-day trading on Tuesday after Barclays upgraded the stock from a strong sell rating to an equal weight rating. Barclays now has a $11.00 price target on the stock, up from their previous price target of $3.50. Anywhere Real Estate traded as high as $12.03 and last traded at $10.30, with a volume of 30963872 shares trading hands. The stock had previously closed at $7.07.

Several other research analysts have also issued reports on the company. JPMorgan Chase & Co. upgraded Anywhere Real Estate from an “underweight” rating to a “neutral” rating and set a $10.00 target price for the company in a research report on Monday. Wall Street Zen lowered Anywhere Real Estate from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $9.13.

Hedge Funds Weigh In On Anywhere Real Estate

A number of large investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans bought a new position in Anywhere Real Estate in the second quarter worth approximately $357,000. MUFG Securities EMEA plc bought a new position in Anywhere Real Estate in the second quarter worth approximately $3,620,000. RPD Fund Management LLC raised its stake in Anywhere Real Estate by 5.9% in the second quarter. RPD Fund Management LLC now owns 5,513,344 shares of the company’s stock worth $19,958,000 after buying an additional 308,737 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in Anywhere Real Estate by 2.8% in the second quarter. Bridgeway Capital Management LLC now owns 938,303 shares of the company’s stock worth $3,397,000 after buying an additional 25,131 shares in the last quarter. Finally, Brevan Howard Capital Management LP bought a new position in Anywhere Real Estate in the second quarter worth approximately $126,000. Institutional investors own 97.56% of the company’s stock.

Anywhere Real Estate Stock Down 0.2%

The company has a market cap of $1.17 billion, a P/E ratio of -10.65 and a beta of 1.66. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.51. The business’s 50 day moving average is $5.95 and its 200 day moving average is $4.37.

Anywhere Real Estate (NYSE:HOUS) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.77 billion. Anywhere Real Estate had a negative return on equity of 4.57% and a negative net margin of 1.87%.The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. As a group, equities analysts anticipate that Anywhere Real Estate Inc. will post 0.05 earnings per share for the current fiscal year.

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.