Anywhere Real Estate (NYSE:HOUS) Trading Up 7.1%

Anywhere Real Estate Inc. (NYSE:HOUS) was up 7.1% during trading on Thursday . The company traded as high as $6.18 and last traded at $6.15. Approximately 631,231 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 1,045,574 shares. The stock had previously closed at $5.74.

Analysts Set New Price Targets

A number of equities research analysts have commented on HOUS shares. Stephens upped their price target on Anywhere Real Estate from $5.50 to $8.00 and gave the company an “equal weight” rating in a research report on Friday, February 16th. Barclays upped their target price on Anywhere Real Estate from $4.50 to $5.00 and gave the company an “underweight” rating in a research report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. lowered Anywhere Real Estate from a “neutral” rating to an “underweight” rating and set a $7.00 target price on the stock. in a research report on Monday, December 18th.

Anywhere Real Estate Trading Up 7.7 %

The firm has a 50-day moving average of $6.45 and a 200 day moving average of $6.28. The company has a market cap of $686.51 million, a P/E ratio of -6.79 and a beta of 2.46. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 1.40.

Anywhere Real Estate (NYSE:HOUS) last announced its quarterly earnings results on Thursday, February 15th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.07. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates 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 prior year, the company earned ($0.85) earnings per share. On average, analysts predict that Anywhere Real Estate Inc. will post -0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Angelo Gordon & CO. L.P. raised its stake in shares of Anywhere Real Estate by 3.5% in the fourth quarter. Angelo Gordon & CO. L.P. now owns 9,692,993 shares of the company’s stock worth $78,610,000 after purchasing an additional 330,288 shares during the last quarter. Southeastern Asset Management Inc. TN raised its stake in shares of Anywhere Real Estate by 3.1% in the first quarter. Southeastern Asset Management Inc. TN now owns 6,745,781 shares of the company’s stock worth $35,618,000 after purchasing an additional 201,824 shares during the last quarter. Sixth Street Partners Management Company L.P. raised its stake in shares of Anywhere Real Estate by 3.4% in the third quarter. Sixth Street Partners Management Company L.P. now owns 5,423,280 shares of the company’s stock worth $34,872,000 after purchasing an additional 176,300 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Anywhere Real Estate by 65.1% in the first quarter. Bank of America Corp DE now owns 5,115,071 shares of the company’s stock worth $27,008,000 after purchasing an additional 2,016,180 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Anywhere Real Estate by 0.7% in the second quarter. State Street Corp now owns 4,421,721 shares of the company’s stock worth $29,537,000 after purchasing an additional 30,632 shares during the last quarter. 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.