Anywhere Real Estate (NYSE:HOUS) Shares Up 7.6% – Here’s Why

Anywhere Real Estate Inc. (NYSE:HOUS) shares shot up 7.6% during mid-day trading on Tuesday . The stock traded as high as $10.92 and last traded at $10.9690. 1,026,032 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 1,653,550 shares. The stock had previously closed at $10.19.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HOUS. Weiss Ratings reissued a “sell (d-)” rating on shares of Anywhere Real Estate in a research report on Wednesday, October 8th. Compass Point set a $11.00 price target on shares of Anywhere Real Estate in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. raised shares of Anywhere Real Estate from an “underweight” rating to a “neutral” rating and set a $10.00 price target on the stock in a research report on Monday, September 22nd. Wall Street Zen cut shares of Anywhere Real Estate from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Finally, Barclays raised shares of Anywhere Real Estate from a “strong sell” rating to an “equal weight” rating and lifted their price target for the company from $3.50 to $11.00 in a research report on Tuesday, September 23rd. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $9.13.

Anywhere Real Estate Price Performance

The company has a market cap of $1.26 billion, a PE ratio of -9.71 and a beta of 1.83. The business’s 50 day moving average price is $9.06 and its 200-day moving average price is $5.85. The company has a quick ratio of 0.52, a current ratio of 0.46 and a debt-to-equity ratio of 1.52.

Institutional Trading of Anywhere Real Estate

A number of hedge funds have recently made changes to their positions in HOUS. Ballentine Partners LLC purchased a new stake in shares of Anywhere Real Estate during the first quarter valued at approximately $39,000. CWM LLC raised its stake in shares of Anywhere Real Estate by 170.5% during the first quarter. CWM LLC now owns 40,244 shares of the company’s stock valued at $134,000 after purchasing an additional 25,365 shares during the period. Readystate Asset Management LP raised its stake in shares of Anywhere Real Estate by 24.7% during the first quarter. Readystate Asset Management LP now owns 705,334 shares of the company’s stock valued at $2,349,000 after purchasing an additional 139,626 shares during the period. Avantax Advisory Services Inc. purchased a new stake in shares of Anywhere Real Estate during the first quarter valued at approximately $43,000. Finally, Federated Hermes Inc. raised its stake in shares of Anywhere Real Estate by 14.9% during the first quarter. Federated Hermes Inc. now owns 73,885 shares of the company’s stock valued at $246,000 after purchasing an additional 9,591 shares during the period. Hedge funds and other 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.