Anywhere Real Estate (NYSE:HOUS) Shares Down 5.6%

Anywhere Real Estate Inc. (NYSE:HOUS)’s share price traded down 5.6% during trading on Tuesday . The company traded as low as $4.68 and last traded at $4.68. 120,469 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,408,156 shares. The stock had previously closed at $4.96.

Analysts Set New Price Targets

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

Anywhere Real Estate Trading Down 3.0 %

The business’s 50 day simple moving average is $4.44 and its 200 day simple moving average is $4.77. The stock has a market cap of $535.21 million, a price-to-earnings ratio of -8.36 and a beta of 2.30. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 1.37.

Anywhere Real Estate (NYSE:HOUS) last posted its earnings results on Thursday, August 1st. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Anywhere Real Estate had a negative return on equity of 5.65% and a negative net margin of 0.87%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the firm earned $0.24 EPS. The firm’s revenue was down .1% compared to the same quarter last year. On average, research analysts expect that Anywhere Real Estate Inc. will post -0.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Anywhere Real Estate

Institutional investors have recently made changes to their positions in the company. Frazier Financial Advisors LLC bought a new stake in Anywhere Real Estate in the 4th quarter valued at $28,000. Headlands Technologies LLC acquired a new stake in Anywhere Real Estate in the 2nd quarter worth about $40,000. Versor Investments LP acquired a new position in shares of Anywhere Real Estate during the 2nd quarter worth approximately $54,000. Nemes Rush Group LLC grew its position in shares of 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. Finally, Allegheny Financial Group LTD bought a new position in shares of Anywhere Real Estate during the first quarter worth approximately $67,000. 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.