Barclays Issues Pessimistic Forecast for Anywhere Real Estate (NYSE:HOUS) Stock Price

Anywhere Real Estate (NYSE:HOUS - Get Free Report) had its price target decreased by stock analysts at Barclays from $4.00 to $3.00 in a report issued on Thursday,Benzinga reports. The firm presently has an "underweight" rating on the stock. Barclays's target price suggests a potential downside of 11.30% from the company's previous close.

Anywhere Real Estate Price Performance

Shares of NYSE HOUS traded down $0.12 during mid-day trading on Thursday, reaching $3.38. The company had a trading volume of 1,373,213 shares, compared to its average volume of 1,523,601. The firm has a market cap of $376.28 million, a price-to-earnings ratio of -2.18 and a beta of 2.38. The business's 50-day simple moving average is $3.94 and its 200 day simple moving average is $4.35. Anywhere Real Estate has a one year low of $2.71 and a one year high of $7.89. 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 - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.18). Anywhere Real Estate had a negative net margin of 3.06% and a negative return on equity of 6.46%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the business earned $0.15 earnings per share. Anywhere Real Estate's quarterly revenue was down 3.1% compared to the same quarter last year. On average, research analysts predict that Anywhere Real Estate will post -0.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Anywhere Real Estate

Large investors have recently modified their holdings of the business. Nemes Rush Group LLC increased its position in Anywhere Real Estate by 16.7% during the 2nd quarter. Nemes Rush Group LLC now owns 17,500 shares of the company's stock worth $58,000 after purchasing an additional 2,500 shares in the last quarter. Virtu Financial LLC lifted its holdings in 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 buying an additional 3,022 shares during the period. Quarry LP acquired a new stake in Anywhere Real Estate during the third quarter worth approximately $26,000. Hsbc Holdings PLC increased its stake in shares of Anywhere Real Estate by 3.9% in the 2nd quarter. Hsbc Holdings PLC now owns 185,653 shares of the company's stock valued at $597,000 after acquiring an additional 6,908 shares in the last quarter. Finally, First Trust Direct Indexing L.P. raised its holdings in shares of Anywhere Real Estate by 86.4% during the third quarter. First Trust Direct Indexing L.P. now owns 19,146 shares of the company's stock valued at $97,000 after purchasing an additional 8,877 shares during the period. Institutional investors and hedge funds 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.