Altisource Residential (NYSE:RESI) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Saturday.
According to Zacks, “Altisource Residential Corporation is engaged in the acquisition and ownership of single-family rental assets. Altisource Residential Corporation is based in Frederiksted, U.S. “
Separately, BidaskClub upgraded shares of Altisource Residential from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $15.43.
Altisource Residential (NYSE RESI) opened at $11.42 on Friday. The firm has a market cap of $609.36, a PE ratio of -2.93 and a beta of 1.95. Altisource Residential has a 1 year low of $10.37 and a 1 year high of $15.66.
Several hedge funds have recently added to or reduced their stakes in RESI. SG Americas Securities LLC purchased a new stake in Altisource Residential in the second quarter valued at approximately $114,000. Ladenburg Thalmann Financial Services Inc. purchased a new stake in Altisource Residential in the third quarter valued at approximately $151,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in Altisource Residential in the third quarter valued at approximately $186,000. Dynamic Technology Lab Private Ltd purchased a new stake in Altisource Residential in the third quarter valued at approximately $231,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Altisource Residential in the second quarter valued at approximately $294,000. Institutional investors own 70.45% of the company’s stock.
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Altisource Residential Company Profile
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.
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