Anywhere Real Estate (NYSE:HOUS) Stock Price Up 5.3%

Anywhere Real Estate Inc. (NYSE:HOUS)’s stock price was up 5.3% during trading on Tuesday . The stock traded as high as $5.35 and last traded at $5.35. Approximately 1,127,277 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 1,419,555 shares. The stock had previously closed at $5.08.

Analysts Set New Price Targets

Separately, Barclays decreased their price target on shares of Anywhere Real Estate from $4.50 to $3.50 and set an “underweight” rating for the company in a research note on Friday, July 12th.

Anywhere Real Estate Price Performance

The business’s 50-day moving average price is $4.88 and its 200 day moving average price is $4.71. The stock has a market capitalization of $623.31 million, a PE ratio of -9.80 and a beta of 2.30. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.38 and a current ratio of 0.38.

Anywhere Real Estate (NYSE:HOUS) last announced its earnings results on Thursday, August 1st. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. Anywhere Real Estate had a negative net margin of 0.87% and a negative return on equity of 5.65%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the business earned $0.24 earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Research analysts forecast that Anywhere Real Estate Inc. will post -0.55 earnings per share for the current year.

Hedge Funds Weigh In On Anywhere Real Estate

Several hedge funds and other institutional investors have recently modified their holdings of HOUS. Cibc World Markets Corp bought a new position in shares of Anywhere Real Estate during the fourth quarter valued at approximately $2,230,000. Angelo Gordon & CO. L.P. grew its holdings in shares of Anywhere Real Estate by 3.5% during the fourth quarter. Angelo Gordon & CO. L.P. now owns 9,692,993 shares of the company’s stock valued at $78,610,000 after buying an additional 330,288 shares during the last quarter. Counterpoint Mutual Funds LLC grew its holdings in shares of Anywhere Real Estate by 307.0% during the first quarter. Counterpoint Mutual Funds LLC now owns 50,936 shares of the company’s stock valued at $315,000 after buying an additional 38,421 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Anywhere Real Estate during the first quarter valued at approximately $72,000. Finally, Norden Group LLC purchased a new stake in shares of Anywhere Real Estate during the first quarter valued at approximately $166,000. 97.56% of the stock is owned by institutional investors.

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.