Altisource Residential Corporation (RESI) Receives $15.57 Consensus PT from Analysts

Altisource Residential Corporation (NYSE:RESI) has been assigned an average rating of “Hold” from the eleven research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $15.57.

RESI has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Altisource Residential Corporation from a “sell” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Thursday, August 31st. BidaskClub downgraded shares of Altisource Residential Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Northland Securities reiterated a “buy” rating and set a $17.00 target price on shares of Altisource Residential Corporation in a research note on Thursday, August 10th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BW Gestao de Investimentos Ltda. boosted its stake in Altisource Residential Corporation by 13.5% in the second quarter. BW Gestao de Investimentos Ltda. now owns 34,985 shares of the real estate investment trust’s stock valued at $453,000 after acquiring an additional 4,173 shares in the last quarter. Laurel Wealth Advisors Inc. boosted its stake in Altisource Residential Corporation by 12.0% in the second quarter. Laurel Wealth Advisors Inc. now owns 59,893 shares of the real estate investment trust’s stock valued at $775,000 after acquiring an additional 6,410 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Altisource Residential Corporation in the second quarter valued at $294,000. State Street Corp boosted its stake in Altisource Residential Corporation by 2.2% in the second quarter. State Street Corp now owns 1,044,350 shares of the real estate investment trust’s stock valued at $13,515,000 after acquiring an additional 22,625 shares in the last quarter. Finally, Tudor Investment Corp ET AL boosted its stake in Altisource Residential Corporation by 34.3% in the second quarter. Tudor Investment Corp ET AL now owns 34,408 shares of the real estate investment trust’s stock valued at $445,000 after acquiring an additional 8,781 shares in the last quarter. Institutional investors own 73.49% of the company’s stock.

Shares of Altisource Residential Corporation (NYSE RESI) traded up 0.45% during mid-day trading on Friday, hitting $11.15. The stock had a trading volume of 185,681 shares. The firm’s market cap is $594.95 million. Altisource Residential Corporation has a 12 month low of $9.86 and a 12 month high of $15.66. The stock’s 50-day moving average is $11.41 and its 200 day moving average is $13.15.

Altisource Residential Corporation (NYSE:RESI) last posted its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported ($1.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.74) by ($0.30). The business had revenue of $30.10 million during the quarter, compared to analyst estimates of $32.55 million. Altisource Residential Corporation had a negative return on equity of 21.82% and a negative net margin of 378.17%. The business’s revenue was up 250.0% on a year-over-year basis. During the same quarter last year, the firm earned ($1.16) EPS. Equities research analysts predict that Altisource Residential Corporation will post ($2.62) earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.38%. Altisource Residential Corporation’s payout ratio is currently -14.42%.

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About Altisource Residential Corporation

Altisource Residential Corporation is a real estate i

RESI has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Altisource Residential Corporation from a “sell” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Thursday, August 31st. BidaskClub downgraded shares of Altisource Residential Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Northland Securities reiterated a “buy” rating and set a $17.00 target price on shares of Altisource Residential Corporation in a research note on Thursday, August 10th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BW Gestao de Investimentos Ltda. boosted its stake in Altisource Residential Corporation by 13.5% in the second quarter. BW Gestao de Investimentos Ltda. now owns 34,985 shares of the real estate investment trust’s stock valued at $453,000 after acquiring an additional 4,173 shares in the last quarter. Laurel Wealth Advisors Inc. boosted its stake in Altisource Residential Corporation by 12.0% in the second quarter. Laurel Wealth Advisors Inc. now owns 59,893 shares of the real estate investment trust’s stock valued at $775,000 after acquiring an additional 6,410 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Altisource Residential Corporation in the second quarter valued at $294,000. State Street Corp boosted its stake in Altisource Residential Corporation by 2.2% in the second quarter. State Street Corp now owns 1,044,350 shares of the real estate investment trust’s stock valued at $13,515,000 after acquiring an additional 22,625 shares in the last quarter. Finally, Tudor Investment Corp ET AL boosted its stake in Altisource Residential Corporation by 34.3% in the second quarter. Tudor Investment Corp ET AL now owns 34,408 shares of the real estate investment trust’s stock valued at $445,000 after acquiring an additional 8,781 shares in the last quarter. Institutional investors own 73.49% of the company’s stock.

Shares of Altisource Residential Corporation (NYSE RESI) traded up 0.45% during mid-day trading on Friday, hitting $11.15. The stock had a trading volume of 185,681 shares. The firm’s market cap is $594.95 million. Altisource Residential Corporation has a 12 month low of $9.86 and a 12 month high of $15.66. The stock’s 50-day moving average is $11.41 and its 200 day moving average is $13.15.

Altisource Residential Corporation (NYSE:RESI) last posted its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported ($1.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.74) by ($0.30). The business had revenue of $30.10 million during the quarter, compared to analyst estimates of $32.55 million. Altisource Residential Corporation had a negative return on equity of 21.82% and a negative net margin of 378.17%. The business’s revenue was up 250.0% on a year-over-year basis. During the same quarter last year, the firm earned ($1.16) EPS. Equities research analysts predict that Altisource Residential Corporation will post ($2.62) earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.38%. Altisource Residential Corporation’s payout ratio is currently -14.42%.

COPYRIGHT VIOLATION WARNING: This story was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/10/altisource-residential-corporation-resi-receives-15-57-consensus-pt-from-analysts.html.

About Altisource Residential Corporation

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.

Analyst Recommendations for Altisource Residential Corporation (NYSE:RESI)

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