Dynamic Technology Lab Private Ltd Purchases Shares of 20,730 Altisource Residential Corporation (RESI)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Altisource Residential Corporation (NYSE:RESI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,730 shares of the real estate investment trust’s stock, valued at approximately $231,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio grew its position in shares of Altisource Residential by 27.9% in the first quarter. Public Employees Retirement System of Ohio now owns 7,437 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 1,623 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Altisource Residential in the second quarter valued at approximately $114,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Altisource Residential in the second quarter valued at approximately $294,000. Public Employees Retirement Association of Colorado acquired a new position in shares of Altisource Residential in the second quarter valued at approximately $330,000. Finally, Voya Investment Management LLC grew its position in shares of Altisource Residential by 7.7% in the second quarter. Voya Investment Management LLC now owns 28,170 shares of the real estate investment trust’s stock valued at $365,000 after purchasing an additional 2,005 shares during the last quarter. 70.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Altisource Residential Corporation (NYSE:RESI) traded down $0.06 during mid-day trading on Thursday, hitting $10.78. The company had a trading volume of 129,400 shares, compared to its average volume of 493,252. Altisource Residential Corporation has a fifty-two week low of $10.37 and a fifty-two week high of $15.66.

RESI has been the topic of several research reports. Zacks Investment Research raised Altisource Residential from a “sell” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Thursday, August 31st. Northland Securities reaffirmed a “buy” rating and issued a $17.00 target price on shares of Altisource Residential in a research report on Thursday, August 10th. Finally, BidaskClub raised Altisource Residential from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 11th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $15.43.

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About Altisource Residential

Altisource Residential Corporation is a real estate investment trust (REIT). The Company focuses on acquiring, owning and managing single-family rental (SFR) properties throughout the United States. The Company conducts its activities through its subsidiary, Altisource Residential, L.P., and its subsidiaries.

Institutional Ownership by Quarter for Altisource Residential (NYSE:RESI)

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