News articles about Altisource Residential (NYSE:RESI) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Altisource Residential earned a news impact score of 0.17 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.1987080079446 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Altisource Residential (NYSE RESI) traded up $0.12 during trading hours on Friday, reaching $11.50. The company’s stock had a trading volume of 490,100 shares, compared to its average volume of 296,775. Altisource Residential has a one year low of $10.37 and a one year high of $15.66. The firm has a market capitalization of $613.63, a P/E ratio of -2.95 and a beta of 1.95.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend is Thursday, December 28th. Altisource Residential’s dividend payout ratio (DPR) is presently -15.38%.
A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded Altisource Residential from a “hold” rating to a “sell” rating in a report on Friday, November 10th. BidaskClub raised Altisource Residential from a “strong sell” rating to a “sell” rating in a report on Saturday, November 11th. Two research 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 currently has a consensus rating of “Hold” and an average target price of $15.43.
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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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