Altisource Residential Corp. (NYSE:RESI) has earned a consensus rating of “Hold” from the ten brokerages that are currently covering the company. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $14.92.
RESI has been the subject of a number of research analyst reports. Nomura reiterated a “buy” rating and set a $15.00 price objective on shares of Altisource Residential Corp. in a research report on Friday, September 23rd. Deutsche Bank AG set a $18.50 price objective on shares of Altisource Residential Corp. and gave the stock a “buy” rating in a research report on Thursday, August 18th. Zacks Investment Research cut shares of Altisource Residential Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Citigroup Inc. upped their price target on shares of Altisource Residential Corp. from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, August 17th. Finally, Northland Securities initiated coverage on shares of Altisource Residential Corp. in a research report on Thursday, August 18th. They issued an “outperform” rating for the company.
Several large investors have recently bought and sold shares of RESI. Fox Run Management L.L.C. purchased a new stake in Altisource Residential Corp. during the second quarter valued at $141,000. OMERS ADMINISTRATION Corp purchased a new stake in Altisource Residential Corp. during the first quarter valued at $445,000. Magnetar Financial LLC boosted its stake in Altisource Residential Corp. by 6.7% in the first quarter. Magnetar Financial LLC now owns 35,504 shares of the company’s stock valued at $426,000 after buying an additional 2,239 shares during the period. Renaissance Technologies LLC boosted its stake in Altisource Residential Corp. by 497.7% in the first quarter. Renaissance Technologies LLC now owns 80,400 shares of the company’s stock valued at $965,000 after buying an additional 66,948 shares during the period. Finally, Kennedy Capital Management Inc. purchased a new stake in Altisource Residential Corp. during the first quarter valued at $6,416,000. Institutional investors own 79.43% of the company’s stock.
Shares of Altisource Residential Corp. (NYSE:RESI) opened at 10.24 on Monday. Altisource Residential Corp. has a 52-week low of $7.81 and a 52-week high of $15.89. The company has a 50-day moving average of $10.71 and a 200 day moving average of $10.41. The company’s market capitalization is $557.72 million.
Altisource Residential Corp. (NYSE:RESI) last released its quarterly earnings data on Monday, August 8th. The company reported ($1.16) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by $1.30. Altisource Residential Corp. had a negative return on equity of 10.58% and a negative net margin of 146.96%. During the same quarter last year, the firm earned $0.23 EPS. Analysts predict that Altisource Residential Corp. will post ($2.56) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, October 6th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.86%. The ex-dividend date is Tuesday, October 4th. Altisource Residential Corp.’s dividend payout ratio (DPR) is presently -18.46%.
About Altisource Residential Corp.
Altisource Residential Corporation is a real estate investment trust (REIT). The Company is focused on acquiring, owning and managing single-family rental properties throughout the United States. The Company operates through the segment focused on the resolution of sub-performing and non-performing mortgages, and acquisition and ownership of rental residential properties.
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