Stocks of Anywhere Real Estate Inc. (NYSE:HOUS) traded higher last session on Wall Street, up 9.86% to $7.69.
According to the data, Anywhere Real Estate Inc. (NYSE:HOUS) has 4 analysts covering its stock. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $7.00 and a low of $4.50, we find $5.75. Given the previous closing price of $7.00, this indicates a potential downside of -17.86 percent. HOUS stock price is now 25.16% away from the 50-day moving average and 14.38% away from the 200-day moving average. The market capitalization of the company currently stands at $841.90M.
A total of 3 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $5.75 as their price target over the next twelve months.
With the price target reduced from $12 to $7, Keefe Bruyette Downgraded its rating from Outperform to Mkt Perform for Anywhere Real Estate Inc. (NYSE: HOUS).
In other news, Layade Nashira W., EVP & CTO, Technology Services sold 3,500 shares of the company’s stock on Aug 15. The stock was sold for $44,275 at an average price of $12.65. Upon completion of the transaction, the EVP & CTO, Technology Services now directly owns 39,321 shares in the company, valued at $0.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 05, Director WILLIAMS MICHAEL J bought 2,000 shares of the business’s stock. A total of $21,760 was incurred on buying the stock at an average price of $10.88. This leaves the insider owning 141,768 shares of the company worth $1.09 million. Insiders disposed of 450,338 shares of company stock worth roughly $3.46 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HOUS stock. A new stake in Anywhere Real Estate Inc. shares was purchased by READYSTATE ASSET MANAGEMENT LP during the first quarter worth $7,311,000. BOUNDARY CREEK ADVISORS LP invested $3,183,000 in shares of HOUS during the first quarter. In the first quarter, CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. acquired a new stake in Anywhere Real Estate Inc. valued at approximately $1,549,000. ALPHA PARADIGM PARTNERS, LLC acquired a new stake in HOUS for approximately $1,543,000. ALPHACREST CAPITAL MANAGEMENT LLC purchased a new stake in HOUS valued at around $677,000 in the second quarter. In total, there are 302 active investors with 114.06% ownership of the company’s stock.
During the past 12 months, Anywhere Real Estate Inc. has had a low of $4.33 and a high of $12.96. As of last week, the company has a debt-to-equity ratio of 1.88, a current ratio of 0.50, and a quick ratio of 0.50. The fifty day moving average price for HOUS is $6.17 and a two-hundred day moving average price translates $6.72 for the stock.
The latest earnings results from Anywhere Real Estate Inc. (NYSE: HOUS) was released for Mar, 2023. According to the Real Estate Services Company, earnings per share came in at -$0.97, missing analysts’ expectations of -$0.79 by -0.18. This compares to $0.19 EPS in the same period last year. The net profit margin was -7.00% and return on equity was -22.90% for HOUS. The company reported revenue of $1.13 billion for the quarter, compared to $1.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -30.83 percent. For the current quarter, analysts expect HOUS to generate $1.66B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/04/2019. Investors who held shares on 08/21/2019 were paid a $0.09 dividend.
Anywhere Real Estate Inc.(HOUS) 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. This segment also includes lead generation activities and global relocation services operation. The Anywhere Advisors segment operates a full-service residential real estate brokerage business under the Coldwell Banker, Corcoran, and Sotheby’s International Realty brand names to assist home buyers and sellers in the listing, marketing, selling, and finding homes. This segment also operates real estate auction marketplace. The Anywhere Integrated Services segment provides full-service title, escrow, and settlement services to consumers, real estate companies, corporations, and financial institutions primarily in support of residential real estate transactions. This segment also serves as an underwriter of title insurance policies in connection with residential and commercial real estate transactions. In addition, it originates and markets its mortgage lending services to other real estate brokerage companies. The company was formerly known as Realogy Holdings Corp. and changed its name to Anywhere Real Estate Inc. in June 2022. Anywhere Real Estate Inc. was incorporated in 2006 and is headquartered in Madison, New Jersey.
