Anywhere Real Estate (NYSE:HOUS) Price Target Lowered to $3.00 at Barclays

Anywhere Real Estate (NYSE:HOUS) had its target price lowered by Barclays from $4.00 to $3.00 in a report released on Thursday,Benzinga reports. The firm currently has an underweight rating on the stock.

Anywhere Real Estate Price Performance

Shares of NYSE HOUS opened at $3.51 on Thursday. 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 has a one year low of $2.71 and a one year high of $7.89. The firm has a market capitalization of $389.97 million, a P/E ratio of -2.26 and a beta of 2.38. The company’s fifty day moving average is $3.96 and its two-hundred day moving average is $4.35.

Anywhere Real Estate (NYSE:HOUS) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.18). Anywhere Real Estate had a negative return on equity of 6.46% and a negative net margin of 3.06%. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the firm posted $0.15 EPS. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. Analysts forecast that Anywhere Real Estate will post -0.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Anywhere Real Estate

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP acquired a new position in Anywhere Real Estate during the third quarter worth $26,000. Townsquare Capital LLC purchased a new position in shares of Anywhere Real Estate in the third quarter valued at $52,000. Ballentine Partners LLC acquired a new position in shares of Anywhere Real Estate during the 3rd quarter worth $62,000. Virtu Financial LLC boosted its position in shares of Anywhere Real Estate by 24.6% in the 3rd quarter. Virtu Financial LLC now owns 15,305 shares of the company’s stock worth $78,000 after buying an additional 3,022 shares in the last quarter. Finally, Empirical Asset Management LLC purchased a new stake in shares of Anywhere Real Estate in the 4th quarter worth about $52,000. 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.