Altisource Residential Corp (RESI) Given Average Rating of “Hold” by Brokerages

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.

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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.

Analyst Recommendations for Altisource Residential (NYSE:RESI)

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