Anywhere Real Estate (NYSE:HOUS) Reaches New 52-Week High – Here’s What Happened

Anywhere Real Estate Inc. (NYSE:HOUSGet Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $17.23 and last traded at $16.6590, with a volume of 6664589 shares changing hands. The stock had previously closed at $14.45.

Key Anywhere Real Estate News

Here are the key news stories impacting Anywhere Real Estate this week:

Wall Street Analyst Weigh In

A number of analysts have weighed in on HOUS shares. Weiss Ratings restated 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 objective on Anywhere Real Estate in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. raised Anywhere Real Estate from an “underweight” rating to a “neutral” rating and set a $10.00 target price for the company in a report on Monday, September 22nd. Keefe, Bruyette & Woods lifted their price target on Anywhere Real Estate from $11.00 to $13.00 and gave the company a “market perform” rating in a research note on Thursday, December 18th. Finally, Barclays boosted their price target on Anywhere Real Estate from $13.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $13.25.

Get Our Latest Research Report on Anywhere Real Estate

Anywhere Real Estate Price Performance

The company has a fifty day simple moving average of $13.68 and a 200 day simple moving average of $9.11. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of -15.21 and a beta of 1.87. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.46 and a current ratio of 0.46.

Anywhere Real Estate (NYSE:HOUSGet Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.30). The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.53 billion. Anywhere Real Estate had a negative return on equity of 5.04% and a negative net margin of 2.18%.Anywhere Real Estate’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 earnings per share. Equities research analysts forecast that Anywhere Real Estate Inc. will post 0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Anywhere Real Estate

Institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new position in Anywhere Real Estate during the first quarter worth $84,000. Goldman Sachs Group Inc. raised its position in shares of Anywhere Real Estate by 52.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,682,561 shares of the company’s stock worth $5,603,000 after acquiring an additional 582,402 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Anywhere Real Estate by 5.6% in the 1st quarter. Empowered Funds LLC now owns 608,172 shares of the company’s stock valued at $2,025,000 after purchasing an additional 32,108 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Anywhere Real Estate during the 1st quarter valued at about $380,000. Finally, Strs Ohio bought a new stake in shares of Anywhere Real Estate during the 1st quarter valued at about $64,000. 97.56% of the stock is owned by institutional investors.

About Anywhere Real Estate

(Get Free Report)

Anywhere Real Estate Inc is a leading global residential real estate services company that provides brokerage, relocation, rental, title and settlement services across multiple markets. Through a combination of company-owned brokerage operations, franchise networks and complementary service offerings, the company supports home buyers, sellers, renters and real estate professionals throughout the entire transaction lifecycle.

The company’s portfolio encompasses well-known brands such as Coldwell Banker, Century 21, Sotheby’s International Realty, Better Homes and Gardens Real Estate, ERA, Climb Real Estate and Realogy Franchise Group.

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