Anywhere Real Estate (NYSE:HOUS) Stock Price Down 5.6%

Anywhere Real Estate Inc. (NYSE:HOUS) shares were down 5.6% during mid-day trading on Tuesday . The company traded as low as $4.68 and last traded at $4.68. Approximately 120,469 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 1,408,156 shares. The stock had previously closed at $4.96.

Wall Street Analysts Forecast Growth

Separately, Barclays dropped their price objective on shares of Anywhere Real Estate from $4.50 to $3.50 and set an “underweight” rating on the stock in a report on Friday, July 12th.

Anywhere Real Estate Stock Performance

The company has a market cap of $544.11 million, a P/E ratio of -8.55 and a beta of 2.30. The business’s 50 day simple moving average is $4.50 and its 200 day simple moving average is $4.77. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 1.37.

Anywhere Real Estate (NYSE:HOUS) last released its earnings results on Thursday, August 1st. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Anywhere Real Estate had a negative net margin of 0.87% and a negative return on equity of 5.65%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter last year, the business earned $0.24 EPS. The firm’s revenue was down .1% compared to the same quarter last year. Sell-side analysts predict that Anywhere Real Estate Inc. will post -0.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Anywhere Real Estate

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HOUS. Frazier Financial Advisors LLC bought a new stake in shares of Anywhere Real Estate during the fourth quarter valued at approximately $28,000. Headlands Technologies LLC bought a new stake in shares of Anywhere Real Estate during the second quarter valued at approximately $40,000. Versor Investments LP bought a new stake in shares of Anywhere Real Estate during the second quarter valued at approximately $54,000. Nemes Rush Group LLC raised its position in shares of Anywhere Real Estate by 16.7% during the second quarter. Nemes Rush Group LLC now owns 17,500 shares of the company’s stock valued at $58,000 after buying an additional 2,500 shares during the last quarter. Finally, Allegheny Financial Group LTD bought a new stake in shares of Anywhere Real Estate during the first quarter valued at approximately $67,000. Institutional investors own 97.56% of the company’s stock.

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.