Anywhere Real Estate (NYSE:HOUS) Stock Rating Lowered by Wall Street Zen

Anywhere Real Estate (NYSE:HOUS) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other research firms have also issued reports on HOUS. Barclays lifted their price target on shares of Anywhere Real Estate from $3.00 to $3.50 and gave the stock an “underweight” rating in a report on Wednesday, July 30th. Keefe, Bruyette & Woods cut their price target on shares of Anywhere Real Estate from $5.00 to $4.50 and set a “market perform” rating on the stock in a report on Monday, April 28th.

Anywhere Real Estate Stock Performance

Shares of HOUS stock opened at $4.48 on Friday. The firm has a market cap of $500.91 million, a price-to-earnings ratio of -4.57 and a beta of 1.70. The company’s 50 day moving average is $3.92 and its 200 day moving average is $3.65. The company has a quick ratio of 0.32, a current ratio of 0.52 and a debt-to-equity ratio of 1.51. Anywhere Real Estate has a 52-week low of $2.71 and a 52-week high of $5.95.

Anywhere Real Estate (NYSE:HOUS) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). Anywhere Real Estate had a negative return on equity of 4.57% and a negative net margin of 1.87%. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the firm posted $0.27 earnings per share. Anywhere Real Estate’s revenue for the quarter was up .8% compared to the same quarter last year. On average, sell-side analysts anticipate that Anywhere Real Estate will post 0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Anywhere Real Estate

A number of large investors have recently made changes to their positions in HOUS. RPD Fund Management LLC purchased a new stake in shares of Anywhere Real Estate during the fourth quarter valued at $17,137,000. Charles Schwab Investment Management Inc. boosted its holdings in Anywhere Real Estate by 111.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,280,470 shares of the company’s stock valued at $7,594,000 after purchasing an additional 1,200,823 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Anywhere Real Estate by 5,654.0% in the first quarter. SG Americas Securities LLC now owns 1,146,715 shares of the company’s stock valued at $3,819,000 after purchasing an additional 1,126,786 shares during the last quarter. Gator Capital Management LLC boosted its holdings in Anywhere Real Estate by 42.8% in the fourth quarter. Gator Capital Management LLC now owns 2,525,050 shares of the company’s stock valued at $8,333,000 after purchasing an additional 756,800 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in 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 purchasing an additional 582,402 shares during 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.