Anywhere Real Estate (NYSE:HOUS) Shares Gap Up – Here’s What Happened

by · The Cerbat Gem

Shares of Anywhere Real Estate Inc. (NYSE:HOUS – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $14.10, but opened at $14.77. Anywhere Real Estate shares last traded at $14.28, with a volume of 205,313 shares.

Analyst Upgrades and Downgrades

HOUS has been the subject of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Anywhere Real Estate in a research report on Wednesday, October 8th. Compass Point set a $11.00 target price on Anywhere Real Estate in a report on Tuesday, September 23rd. JPMorgan Chase & Co. raised 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 note on Monday, September 22nd. Keefe, Bruyette & Woods increased their price target on Anywhere Real Estate from $4.50 to $11.00 and gave the stock a “market perform” rating in a report on Tuesday, November 11th. Finally, Barclays upped their price objective on Anywhere Real Estate from $13.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $12.75.

View Our Latest Analysis on HOUS

Anywhere Real Estate Stock Performance

The firm’s fifty day moving average price is $11.51 and its 200 day moving average price is $7.34. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.46 and a current ratio of 0.46. The firm has a market cap of $1.60 billion, a P/E ratio of -12.33 and a beta of 1.87.

Anywhere Real Estate (NYSE:HOUS – Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the business posted $0.06 earnings per share. The company’s revenue was up 5.9% compared to the same quarter last year. Sell-side analysts expect that Anywhere Real Estate Inc. will post 0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Anywhere Real Estate

Institutional investors and hedge funds have recently bought and sold shares of the company. CIBC Bancorp USA Inc. acquired a new position in shares of Anywhere Real Estate during the third quarter worth $4,355,000. Caxton Associates LLP purchased a new position in Anywhere Real Estate during the 3rd quarter worth $292,000. XTX Topco Ltd acquired a new position in Anywhere Real Estate during the 3rd quarter valued at about $1,156,000. Verition Fund Management LLC increased its position in Anywhere Real Estate by 321.5% during the 3rd quarter. Verition Fund Management LLC now owns 421,523 shares of the company’s stock valued at $4,464,000 after buying an additional 321,522 shares in the last quarter. Finally, Quarry LP purchased a new stake in Anywhere Real Estate in the third quarter valued at about $1,184,000. 97.56% of the stock is owned by hedge funds and other institutional investors.

Anywhere Real Estate Company Profile

(Get Free Report)

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.

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