Anywhere Real Estate (NYSE:HOUS) Sees Unusually-High Trading Volume – Here’s Why

Shares of Anywhere Real Estate Inc. (NYSE:HOUS) saw an uptick in trading volume on Tuesday . 1,893,894 shares traded hands during trading, an increase of 64% from the previous session’s volume of 1,152,013 shares.The stock last traded at $6.47 and had previously closed at $6.07.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HOUS shares. Barclays lifted their price target on Anywhere Real Estate from $3.00 to $3.50 and gave the company an “underweight” rating in a research note on Wednesday, July 30th. Wall Street Zen lowered Anywhere Real Estate from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Finally, Keefe, Bruyette & Woods lowered their target price on Anywhere Real Estate from $5.00 to $4.50 and set a “market perform” rating for the company in a research note on Monday, April 28th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $4.00.

Anywhere Real Estate Price Performance

The company has a 50 day moving average price of $4.49 and a 200-day moving average price of $3.85. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.51. The company has a market cap of $720.85 million, a price-to-earnings ratio of -6.57 and a beta of 1.70.

Anywhere Real Estate (NYSE:HOUS) last posted its earnings results on Tuesday, July 29th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). Anywhere Real Estate had a negative return on equity of 4.57% and a negative net margin of 1.87%.The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the business earned $0.27 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. As a group, equities research analysts predict that Anywhere Real Estate Inc. will post 0.05 EPS for the current fiscal year.

Institutional Trading of Anywhere Real Estate

Several institutional investors have recently modified their holdings of the business. Avantax Advisory Services Inc. acquired a new position in Anywhere Real Estate during the 1st quarter worth about $43,000. SG Americas Securities LLC raised its position in shares of Anywhere Real Estate by 5,654.0% during the first quarter. SG Americas Securities LLC now owns 1,146,715 shares of the company’s stock worth $3,819,000 after acquiring an additional 1,126,786 shares during the last quarter. Deutsche Bank AG raised its position in shares of Anywhere Real Estate by 30.5% during the fourth quarter. Deutsche Bank AG now owns 133,819 shares of the company’s stock worth $442,000 after acquiring an additional 31,282 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Anywhere Real Estate by 1.9% in the fourth quarter. Invesco Ltd. now owns 179,612 shares of the company’s stock worth $593,000 after acquiring an additional 3,327 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Anywhere Real Estate by 25.2% in the fourth quarter. Wells Fargo & Company MN now owns 58,507 shares of the company’s stock valued at $193,000 after acquiring an additional 11,779 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.