Shares of Altisource Residential Corp (NYSE:RESI) have received a consensus recommendation of “Hold” from the ten analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $15.57.
Several brokerages recently weighed in on RESI. ValuEngine lowered Altisource Residential from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Zacks Investment Research lowered Altisource Residential from a “hold” rating to a “sell” rating in a report on Friday, November 10th. JMP Securities raised Altisource Residential from a “market perform” rating to an “outperform” rating and set a $15.00 price objective for the company in a report on Tuesday, January 30th. Finally, BidaskClub raised Altisource Residential from a “strong sell” rating to a “sell” rating in a report on Saturday, November 11th.
Shares of Altisource Residential (NYSE:RESI) traded down $0.14 during trading on Friday, reaching $10.62. The company had a trading volume of 199,200 shares, compared to its average volume of 254,729. The company has a market capitalization of $567.62, a price-to-earnings ratio of -2.72 and a beta of 1.74. Altisource Residential has a 1 year low of $9.87 and a 1 year high of $15.66.
Large investors have recently bought and sold shares of the company. QS Investors LLC bought a new position in shares of Altisource Residential during the fourth quarter valued at approximately $128,000. Ladenburg Thalmann Financial Services Inc. bought a new position in shares of Altisource Residential during the third quarter valued at approximately $151,000. SG Americas Securities LLC grew its holdings in shares of Altisource Residential by 73.5% during the third quarter. SG Americas Securities LLC now owns 15,248 shares of the real estate investment trust’s stock valued at $169,000 after purchasing an additional 6,462 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Altisource Residential during the third quarter valued at approximately $186,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Altisource Residential during the fourth quarter valued at approximately $208,000. 70.29% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY WARNING: “Altisource Residential Corp (RESI) Given Average Rating of “Hold” by Brokerages” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://www.dispatchtribunal.com/2018/02/14/altisource-residential-corp-resi-given-average-rating-of-hold-by-brokerages.html.
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.
Receive News & Ratings for Altisource Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altisource Residential and related companies with MarketBeat.com's FREE daily email newsletter.