Anywhere Real Estate (NYSE:HOUS) Price Target Cut to $4.50 by Analysts at Barclays

Anywhere Real Estate (NYSE:HOUS) had its price target cut by Barclays from $5.00 to $4.50 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s target price would suggest a potential downside of 10.18% from the stock’s previous close.

Separately, Stephens lifted their target price on Anywhere Real Estate from $5.50 to $8.00 and gave the stock an “equal weight” rating in a report on Friday, February 16th.

Anywhere Real Estate Stock Performance

NYSE HOUS opened at $5.01 on Friday. The stock has a market capitalization of $556.51 million, a PE ratio of -5.51 and a beta of 2.46. The business has a 50 day simple moving average of $5.79 and a two-hundred day simple moving average of $6.10. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.37 and a quick ratio of 0.37. Anywhere Real Estate has a 1-year low of $4.09 and a 1-year high of $9.43.

Anywhere Real Estate (NYSE:HOUS) last announced its earnings results on Thursday, February 15th. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.07. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Anywhere Real Estate had a negative return on equity of 7.23% and a negative net margin of 1.72%. The company’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.85) EPS. On average, research analysts predict that Anywhere Real Estate will post -0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Anywhere Real Estate

A number of institutional investors and hedge funds have recently modified their holdings of HOUS. Frazier Financial Advisors LLC bought a new stake in shares of Anywhere Real Estate during the 4th quarter worth approximately $28,000. GAMMA Investing LLC bought a new stake in Anywhere Real Estate during the 4th quarter valued at $31,000. Nisa Investment Advisors LLC raised its position in Anywhere Real Estate by 609.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,240 shares of the company’s stock valued at $51,000 after purchasing an additional 5,360 shares in the last quarter. Evergreen Capital Management LLC purchased a new position in shares of Anywhere Real Estate in the 3rd quarter valued at $65,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Anywhere Real Estate by 1,109.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 10,387 shares of the company’s stock valued at $67,000 after acquiring an additional 9,528 shares during the period. 97.56% of the stock is owned by institutional investors.

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.