Anywhere Real Estate (NYSE:HOUS) Given New $13.00 Price Target at Keefe, Bruyette & Woods

Anywhere Real Estate (NYSE:HOUS) had its price target hoisted by research analysts at Keefe, Bruyette & Woods from $11.00 to $13.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential downside of 8.74% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Compass Point set a $11.00 target price on shares of Anywhere Real Estate in a research report on Tuesday, September 23rd. Barclays boosted their price objective on shares of Anywhere Real Estate from $13.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Anywhere Real Estate in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upgraded shares of Anywhere Real Estate from an “underweight” rating to a “neutral” rating and set a $10.00 price target for the company in a research report on Monday, September 22nd. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $13.25.

Anywhere Real Estate Price Performance

Shares of NYSE HOUS opened at $14.25 on Thursday. The firm has a market cap of $1.60 billion, a P/E ratio of -12.28 and a beta of 1.87. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.52. Anywhere Real Estate has a 1-year low of $2.71 and a 1-year high of $15.14. The business’s 50 day moving average is $12.17 and its 200-day moving average is $7.93.

Anywhere Real Estate (NYSE:HOUS) last released its quarterly earnings results on Tuesday, November 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.30). Anywhere Real Estate had a negative net margin of 2.18% and a negative return on equity of 5.04%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the firm earned $0.06 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities research analysts predict that Anywhere Real Estate will post 0.05 earnings per share for the current year.

Institutional Trading of Anywhere Real Estate

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Aristeia Capital L.L.C. bought a new stake in shares of Anywhere Real Estate during the 1st quarter valued at approximately $345,000. Nuveen LLC acquired a new stake in Anywhere Real Estate in the first quarter valued at approximately $1,103,000. Intech Investment Management LLC boosted its position in Anywhere Real Estate by 30.0% in the second quarter. Intech Investment Management LLC now owns 83,499 shares of the company’s stock valued at $302,000 after buying an additional 19,256 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Anywhere Real Estate by 111.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,280,470 shares of the company’s stock worth $7,594,000 after buying an additional 1,200,823 shares during the last quarter. Finally, Ballentine Partners LLC increased its holdings in shares of Anywhere Real Estate by 25.5% during the second quarter. Ballentine Partners LLC now owns 14,822 shares of the company’s stock worth $54,000 after buying an additional 3,014 shares in the last quarter. 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.