Vanguard Group Inc. raised its stake in shares of Altisource Residential Corporation (NYSE:RESI) by 106.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,800,156 shares of the real estate investment trust’s stock after acquiring an additional 4,016,607 shares during the quarter. Vanguard Group Inc. owned approximately 14.58% of Altisource Residential Corporation worth $100,934,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in RESI. Public Employees Retirement System of Ohio grew its position in shares of Altisource Residential Corporation by 27.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 7,437 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 1,623 shares during the period. SG Americas Securities LLC acquired a new position in Altisource Residential Corporation during the 2nd quarter worth approximately $114,000. Utah Retirement Systems acquired a new position in Altisource Residential Corporation during the 1st quarter worth approximately $157,000. Public Employees Retirement Association of Colorado acquired a new position in Altisource Residential Corporation during the 2nd quarter worth approximately $330,000. Finally, Tudor Investment Corp ET AL raised its stake in shares of Altisource Residential Corporation by 78.1% during the 1st quarter. Tudor Investment Corp ET AL now owns 25,627 shares of the real estate investment trust’s stock worth $391,000 after purchasing an additional 11,240 shares in the last quarter. 73.52% of the stock is owned by institutional investors and hedge funds.
Altisource Residential Corporation (NYSE:RESI) traded up $0.15 during trading hours on Friday, hitting $10.94. The company had a trading volume of 240,500 shares, compared to its average volume of 515,890. Altisource Residential Corporation has a 12 month low of $10.37 and a 12 month high of $15.66.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date of this dividend was Thursday, September 28th. Altisource Residential Corporation’s payout ratio is currently -15.38%.
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A number of research analysts have commented on RESI shares. Zacks Investment Research lowered Altisource Residential Corporation from a “hold” rating to a “sell” rating in a report on Friday. BidaskClub raised Altisource Residential Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, Northland Securities reiterated a “buy” rating and issued a $17.00 target price on shares of Altisource Residential Corporation in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $15.38.
Altisource Residential Corporation 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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