Russell Investments Group Ltd. purchased a new stake in shares of Anywhere Real Estate Inc. (NYSE:HOUS – Get Rating) in the fourth quarter, according to the company’s most recent 13F filing with the SEC. The fund purchased 150,921 shares of the company’s stock, valued at approximately $964,000. Russell Investments Group Ltd. owned approximately 0.14% of Anywhere Real Estate at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of HOUS. Arizona State Retirement System bought a new position in Anywhere Real Estate in the 4th quarter valued at about $206,000. Texas Permanent School Fund bought a new position in Anywhere Real Estate during the 4th quarter valued at $469,000. The State Board of Administration of Florida Retirement System purchased a new position in Anywhere Real Estate during the 4th quarter worth $308,000. Shell Asset Management Co. purchased a new position in Anywhere Real Estate during the 4th quarter worth $389,000. Finally, Handelsbanken Fonder AB purchased a new position in Anywhere Real Estate during the 4th quarter worth $129,000.
Analysts Set New Price Targets
A number of equities analysts have issued reports on HOUS shares. Barclays cut their price objective on shares of Anywhere Real Estate from $5.00 to $4.50 in a report on Friday, May 5th. The Street cut Anywhere Real Estate from a “c-” rating to a “d” rating in a research note on Thursday, February 23rd. JPMorgan Chase & Co. lowered their target price on Anywhere Real Estate from $11.00 to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 7th. Finally, Keefe, Bruyette & Woods cut Anywhere Real Estate from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $12.00 to $7.00 in a research note on Monday, February 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Anywhere Real Estate currently has an average rating of “Hold” and an average price target of $6.17.
Anywhere Real Estate Trading Down 2.0 %
Shares of Anywhere Real Estate stock opened at $5.96 on Friday. Anywhere Real Estate Inc. has a 52-week low of $4.33 and a 52-week high of $13.02. The stock’s 50-day simple moving average is $5.61 and its 200-day simple moving average is $6.58. The stock has a market capitalization of $657.81 million, a P/E ratio of -1.43 and a beta of 2.32. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.49 and a current ratio of 0.49.
Anywhere Real Estate (NYSE:HOUS – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The company reported ($0.85) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.52). Anywhere Real Estate had a negative net margin of 7.00% and a negative return on equity of 2.66%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.42 billion. As a group, research analysts anticipate that Anywhere Real Estate Inc. will post -0.48 EPS for the current year.
Anywhere Real Estate Company Profile
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Anywhere Real Estate, Inc engages in the provision of residential real estate services, which focuses on empowering independent sales agents. It operates through the following segments: Realogy Franchise Group, Realogy Brokerage Group, Realogy Title Group, and Corporate and Other. The Realology Franchise Group segment is the franchisor of residential real estate brokerages through a portfolio of well-known brokerage brands, including Century 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, Sotheby’s International Realty and Better Homes and Gardens Real Estate.
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