Anywhere Real Estate (NYSE:HOUS) Trading Up 10%

Anywhere Real Estate Inc. (NYSE:HOUS)’s stock price was up 10% during mid-day trading on Friday . The stock traded as high as $5.40 and last traded at $5.38. Approximately 445,087 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 1,395,729 shares. The stock had previously closed at $4.89.

Analyst Upgrades and Downgrades

Separately, Barclays lowered their price target on Anywhere Real Estate from $4.50 to $3.50 and set an “underweight” rating on the stock in a report on Friday, July 12th.

Anywhere Real Estate Stock Up 11.7 %

The firm has a market capitalization of $607.53 million, a P/E ratio of -9.75 and a beta of 2.30. The firm’s fifty day moving average price is $4.57 and its 200-day moving average price is $4.76. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.38 and a quick ratio of 0.38.

Anywhere Real Estate (NYSE:HOUS) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Anywhere Real Estate had a negative return on equity of 5.65% and a negative net margin of 0.87%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm earned $0.24 EPS. As a group, equities research analysts forecast that Anywhere Real Estate Inc. will post -0.55 earnings per share for the current year.

Institutional Investors Weigh In On Anywhere Real Estate

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cibc World Markets Corp acquired a new position in shares of Anywhere Real Estate in the 4th quarter worth approximately $2,230,000. Angelo Gordon & CO. L.P. grew its position in Anywhere Real Estate by 3.5% in the fourth quarter. Angelo Gordon & CO. L.P. now owns 9,692,993 shares of the company’s stock worth $78,610,000 after buying an additional 330,288 shares during the last quarter. Capstone Investment Advisors LLC increased its holdings in shares of Anywhere Real Estate by 9.3% in the first quarter. Capstone Investment Advisors LLC now owns 71,475 shares of the company’s stock valued at $442,000 after buying an additional 6,075 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Anywhere Real Estate by 11.9% in the fourth quarter. Allianz Asset Management GmbH now owns 1,852,622 shares of the company’s stock valued at $15,025,000 after buying an additional 197,696 shares in the last quarter. Finally, Norden Group LLC acquired a new stake in shares of Anywhere Real Estate during the 1st quarter valued at $166,000. 97.56% of the stock is owned by institutional investors and hedge funds.

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.