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Anywhere Real Estate Inc. (NYSE:HOUS – Get Free Report) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 5,680,000 shares, a decrease of 9.6% from the June 15th total of 6,280,000 shares. Based on an average daily trading volume, of 1,490,000 shares, the days-to-cover ratio is presently 3.8 days. Currently, 5.3% of the company’s stock are short sold.
Analyst Ratings Changes
HOUS has been the subject of several analyst reports. Barclays lowered their price objective on Anywhere Real Estate from $5.00 to $4.50 in a research report on Friday, May 5th. BTIG Research initiated coverage on Anywhere Real Estate in a report on Monday, July 17th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Anywhere Real Estate presently has an average rating of “Hold” and an average price target of $6.17.
Anywhere Real Estate Stock Down 0.7 %
HOUS opened at $7.20 on Friday. Anywhere Real Estate has a one year low of $4.33 and a one year high of $12.96. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market capitalization of $794.66 million, a P/E ratio of -1.73 and a beta of 2.32. The business’s 50-day simple moving average is $6.45 and its 200-day simple moving average is $6.47.
Anywhere Real Estate (NYSE:HOUS – Get Free Report) last released its quarterly earnings results on Wednesday, May 3rd. The company reported ($0.96) EPS for the quarter, missing the consensus estimate of ($0.89) by ($0.07). The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.07 billion. Anywhere Real Estate had a negative return on equity of 2.66% and a negative net margin of 7.00%. Analysts anticipate that Anywhere Real Estate will post -0.5 EPS for the current year.
Hedge Funds Weigh In On Anywhere Real Estate
Institutional investors have recently modified their holdings of the business. Alpine Global Management LLC acquired a new position in Anywhere Real Estate in the fourth quarter valued at $120,000. AXQ Capital LP purchased a new position in shares of Anywhere Real Estate during the fourth quarter worth about $201,000. Exchange Traded Concepts LLC acquired a new position in Anywhere Real Estate in the 4th quarter valued at about $349,000. SummerHaven Investment Management LLC purchased a new stake in Anywhere Real Estate during the 4th quarter valued at approximately $492,000. Finally, Nordea Investment Management AB lifted its position in Anywhere Real Estate by 43.4% during the 1st quarter. Nordea Investment Management AB now owns 758,676 shares of the company’s stock worth $3,884,000 after acquiring an additional 229,466 shares during the period. 99.72% of the stock is owned by institutional investors and hedge funds.
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.
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