Anywhere Real Estate (NYSE:HOUS) Shares Gap Up on Analyst Upgrade

Anywhere Real Estate Inc. (NYSE:HOUS)’s share price gapped up before the market opened on Monday after JPMorgan Chase & Co. upgraded the stock from an underweight rating to a neutral rating. The stock had previously closed at $7.07, but opened at $11.10. JPMorgan Chase & Co. now has a $10.00 price target on the stock. Anywhere Real Estate shares last traded at $11.22, with a volume of 11,635,542 shares changing hands.

A number of other equities analysts have also recently commented on the stock. Barclays lifted their target price on shares of Anywhere Real Estate from $3.00 to $3.50 and gave the stock an “underweight” rating in a research report on Wednesday, July 30th. Wall Street Zen cut shares of Anywhere Real Estate from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $6.00.

Institutional Investors Weigh In On Anywhere Real Estate

Several hedge funds have recently bought and sold shares of HOUS. Thrivent Financial for Lutherans purchased a new position in Anywhere Real Estate in the second quarter worth about $357,000. MUFG Securities EMEA plc purchased a new position in Anywhere Real Estate in the second quarter worth about $3,620,000. RPD Fund Management LLC raised its holdings in Anywhere Real Estate by 5.9% in the second quarter. RPD Fund Management LLC now owns 5,513,344 shares of the company’s stock worth $19,958,000 after buying an additional 308,737 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in Anywhere Real Estate by 2.8% in the second quarter. Bridgeway Capital Management LLC now owns 938,303 shares of the company’s stock worth $3,397,000 after buying an additional 25,131 shares during the last quarter. Finally, Brevan Howard Capital Management LP purchased a new position in Anywhere Real Estate in the second quarter worth about $126,000. Institutional investors own 97.56% of the company’s stock.

Anywhere Real Estate Price Performance

The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $1.15 billion, a PE ratio of -10.51 and a beta of 1.66. The firm’s fifty day simple moving average is $5.68 and its 200-day simple moving average is $4.28.

Anywhere Real Estate (NYSE:HOUS) last issued its 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 last year, the firm posted $0.27 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. On average, research analysts forecast that Anywhere Real Estate Inc. will post 0.05 earnings per share for the current fiscal year.

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.