Anywhere Real Estate (NYSE:HOUS) Reaches New 1-Year High – Still a Buy?

Anywhere Real Estate Inc. (NYSE:HOUS) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $14.93 and last traded at $14.89, with a volume of 772163 shares traded. The stock had previously closed at $14.35.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HOUS shares. Barclays increased their price objective on shares of Anywhere Real Estate from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 12th. Compass Point set a $11.00 target price on Anywhere Real Estate in a research report on Tuesday, September 23rd. Keefe, Bruyette & Woods increased their target price on Anywhere Real Estate from $4.50 to $11.00 and gave the company a “market perform” rating in a research note on Tuesday, November 11th. JPMorgan Chase & Co. upgraded Anywhere Real Estate from an “underweight” rating to a “neutral” rating and set a $10.00 target price on the stock in a report on Monday, September 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Anywhere Real Estate in a report on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Anywhere Real Estate has an average rating of “Reduce” and an average price target of $11.25.

Anywhere Real Estate Stock Down 0.6%

The company has a debt-to-equity ratio of 1.52, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of -12.16 and a beta of 1.87. The firm’s fifty day moving average is $11.44 and its 200-day moving average is $7.21.

Anywhere Real Estate (NYSE:HOUS) last announced its quarterly earnings data on Tuesday, November 4th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate 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 return on equity of 5.04% and a negative net margin of 2.18%.Anywhere Real Estate’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 earnings per share. On average, sell-side analysts predict that Anywhere Real Estate Inc. will post 0.05 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. King Street Capital Management L.P. increased its holdings in shares of Anywhere Real Estate by 174.3% in the 2nd quarter. King Street Capital Management L.P. now owns 4,800,000 shares of the company’s stock valued at $17,376,000 after acquiring an additional 3,050,000 shares during the last quarter. Magnetar Financial LLC acquired a new position in Anywhere Real Estate in the third quarter worth $21,670,000. Centerbridge Partners L.P. bought a new stake in Anywhere Real Estate during the second quarter valued at $1,956,000. Alliancebernstein L.P. increased its stake in Anywhere Real Estate by 1,346.5% during the third quarter. Alliancebernstein L.P. now owns 1,635,878 shares of the company’s stock valued at $17,324,000 after purchasing an additional 1,522,788 shares during the last quarter. Finally, Towle & Co. acquired a new stake in shares of Anywhere Real Estate during the third quarter worth $12,861,000. 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.