Anywhere Real Estate (NYSE:HOUS) Reaches New 12-Month High – Still a Buy?

Anywhere Real Estate Inc. (NYSE:HOUS)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $13.14 and last traded at $13.1140, with a volume of 280688 shares changing hands. The stock had previously closed at $12.55.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their price objective on Anywhere Real Estate from $4.50 to $11.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 11th. JPMorgan Chase & Co. raised Anywhere Real Estate from an “underweight” rating to a “neutral” rating and set a $10.00 price target on the stock in a report on Monday, September 22nd. Barclays lifted their price objective on shares of Anywhere Real Estate from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 12th. Wall Street Zen downgraded shares of Anywhere Real Estate from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Finally, Compass Point set a $11.00 price target on Anywhere Real Estate in a research note on Tuesday, September 23rd. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $11.25.

Anywhere Real Estate Trading Up 0.5%

The company has a 50-day moving average price of $10.18 and a two-hundred day moving average price of $6.44. The stock has a market cap of $1.41 billion, a P/E ratio of -10.86 and a beta of 1.83. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.52.

Anywhere Real Estate (NYSE:HOUS) last posted its quarterly earnings data on Tuesday, November 4th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.30). Anywhere Real Estate had a negative return on equity of 5.04% and a negative net margin of 2.18%.The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the firm earned $0.06 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, research analysts expect 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 added to or reduced their stakes in the company. Aristeia Capital L.L.C. purchased a new position in Anywhere Real Estate during the 1st quarter worth $345,000. Nuveen LLC purchased a new stake in shares of Anywhere Real Estate in the 1st quarter worth $1,103,000. Charles Schwab Investment Management Inc. grew its position in shares of Anywhere Real Estate by 111.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,280,470 shares of the company’s stock worth $7,594,000 after buying an additional 1,200,823 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of Anywhere Real Estate by 25.5% during the second quarter. Ballentine Partners LLC now owns 14,822 shares of the company’s stock valued at $54,000 after buying an additional 3,014 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Anywhere Real Estate by 52.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,682,561 shares of the company’s stock valued at $5,603,000 after acquiring an additional 582,402 shares in 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.