Anywhere Real Estate (NYSE:HOUS) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Anywhere Real Estate (NYSE:HOUS) had its price objective boosted by investment analysts at Keefe, Bruyette & Woods from $4.50 to $11.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential downside of 10.97% from the company’s previous close.

Other research analysts also recently issued reports about the company. Barclays raised Anywhere Real Estate from a “strong sell” rating to an “equal weight” rating and boosted their price target for the company from $3.50 to $11.00 in a report on Tuesday, September 23rd. Wall Street Zen downgraded shares of Anywhere Real Estate from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. 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 Anywhere Real Estate in a research note on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. raised shares of Anywhere Real Estate from an “underweight” rating to a “neutral” rating and set a $10.00 target price on the stock in a research note on Monday, September 22nd. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Anywhere Real Estate has an average rating of “Reduce” and an average price target of $10.75.

Anywhere Real Estate Stock Performance

Anywhere Real Estate stock traded up $0.56 during trading hours on Tuesday, hitting $12.36. 1,047,298 shares of the stock traded hands, compared to its average volume of 1,676,223. The firm’s 50 day moving average price is $9.28 and its 200-day moving average price is $6.01. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -10.70 and a beta of 1.83. Anywhere Real Estate has a 1 year low of $2.71 and a 1 year high of $12.46.

Institutional Trading of Anywhere Real Estate

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Anywhere Real Estate by 0.6% during the first quarter. Vanguard Group Inc. now owns 10,090,381 shares of the company’s stock worth $33,601,000 after purchasing an additional 60,440 shares during the last quarter. RPD Fund Management LLC lifted its stake in shares of Anywhere Real Estate by 5.9% in the 2nd quarter. RPD Fund Management LLC now owns 5,513,344 shares of the company’s stock worth $19,958,000 after acquiring an additional 308,737 shares during the period. King Street Capital Management L.P. increased its stake in shares of Anywhere Real Estate by 174.3% during the second quarter. King Street Capital Management L.P. now owns 4,800,000 shares of the company’s stock worth $17,376,000 after acquiring an additional 3,050,000 shares during the period. Geode Capital Management LLC raised its holdings in Anywhere Real Estate by 3.4% during the second quarter. Geode Capital Management LLC now owns 2,622,975 shares of the company’s stock worth $9,497,000 after purchasing an additional 87,113 shares in the last quarter. Finally, Gator Capital Management LLC raised its holdings in Anywhere Real Estate by 1.3% during the first quarter. Gator Capital Management LLC now owns 2,558,050 shares of the company’s stock worth $8,518,000 after purchasing an additional 33,000 shares in the last quarter. 97.56% of the stock is owned by hedge funds and other institutional investors.

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.