Keefe, Bruyette & Woods Has Lowered Expectations for Anywhere Real Estate (NYSE:HOUS) Stock Price

Anywhere Real Estate (NYSE:HOUS) had its price target dropped by research analysts at Keefe, Bruyette & Woods from $5.00 to $4.50 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 40.41% from the company’s current price.

Separately, Barclays dropped their target price on shares of Anywhere Real Estate from $4.00 to $3.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th.

Anywhere Real Estate Price Performance

Shares of NYSE:HOUS opened at $3.21 on Monday. The stock has a market cap of $358.30 million, a price-to-earnings ratio of -2.76 and a beta of 2.05. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.33 and a quick ratio of 0.36. Anywhere Real Estate has a 12 month low of $2.71 and a 12 month high of $5.95. The stock’s 50 day moving average price is $3.37 and its 200 day moving average price is $3.73.

Anywhere Real Estate (NYSE:HOUS) last posted its quarterly earnings data on Tuesday, April 29th. The company reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.21). The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.13 billion. Anywhere Real Estate had a negative return on equity of 5.88% and a negative net margin of 2.25%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.91) EPS. Equities research analysts anticipate that Anywhere Real Estate will post 0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Anywhere Real Estate

A number of institutional investors have recently bought and sold shares of the stock. Barclays PLC increased its position in shares of Anywhere Real Estate by 725.7% in the third quarter. Barclays PLC now owns 1,436,706 shares of the company’s stock worth $7,297,000 after acquiring an additional 1,262,714 shares in the last quarter. JPMorgan Chase & Co. grew its position in Anywhere Real Estate by 12.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,475,022 shares of the company’s stock worth $7,493,000 after purchasing an additional 159,364 shares in the last quarter. Nordea Investment Management AB raised its stake in Anywhere Real Estate by 5.7% during the 4th quarter. Nordea Investment Management AB now owns 647,506 shares of the company’s stock valued at $2,208,000 after purchasing an additional 34,709 shares during the period. Empirical Asset Management LLC purchased a new stake in shares of Anywhere Real Estate in the fourth quarter valued at $52,000. Finally, Empowered Funds LLC boosted its position in shares of Anywhere Real Estate by 5.1% in the fourth quarter. Empowered Funds LLC now owns 576,064 shares of the company’s stock worth $1,901,000 after buying an additional 28,079 shares during the period. Hedge funds and other 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.