Wolverine Trading LLC grew its stake in Altisource Residential Corp (NYSE:RESI) by 109.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,526 shares of the real estate investment trust’s stock after buying an additional 10,726 shares during the period. Wolverine Trading LLC’s holdings in Altisource Residential were worth $243,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of Altisource Residential by 1.9% in the fourth quarter. BlackRock Inc. now owns 3,694,542 shares of the real estate investment trust’s stock worth $43,816,000 after buying an additional 67,994 shares during the last quarter. Brown Advisory Inc. raised its holdings in shares of Altisource Residential by 12.8% in the fourth quarter. Brown Advisory Inc. now owns 2,904,126 shares of the real estate investment trust’s stock worth $34,443,000 after buying an additional 330,171 shares during the last quarter. Deer Park Road Corp acquired a new stake in shares of Altisource Residential in the fourth quarter worth $31,845,000. State Street Corp increased its stake in shares of Altisource Residential by 2.2% in the second quarter. State Street Corp now owns 1,044,350 shares of the real estate investment trust’s stock worth $13,515,000 after acquiring an additional 22,625 shares during the period. Finally, Tahithromos L.L.C. increased its stake in shares of Altisource Residential by 6.4% in the fourth quarter. Tahithromos L.L.C. now owns 771,730 shares of the real estate investment trust’s stock worth $9,153,000 after acquiring an additional 46,395 shares during the period. 79.28% of the stock is owned by institutional investors and hedge funds.
RESI opened at $10.46 on Friday. Altisource Residential Corp has a 52-week low of $9.56 and a 52-week high of $15.66.
Altisource Residential (NYSE:RESI) last posted its quarterly earnings data on Thursday, March 1st. The real estate investment trust reported ($0.70) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by ($0.11). The company had revenue of $27.80 million for the quarter, compared to analysts’ expectations of $32.77 million. Altisource Residential had a negative net margin of 196.93% and a negative return on equity of 25.77%. The business’s revenue for the quarter was up 129.8% on a year-over-year basis. During the same period in the previous year, the business earned ($1.14) earnings per share. equities research analysts forecast that Altisource Residential Corp will post -1.55 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.74%. The ex-dividend date is Wednesday, March 28th.
A number of analysts have recently weighed in on RESI shares. ValuEngine lowered shares of Altisource Residential from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. JMP Securities upgraded shares of Altisource Residential from a “market perform” rating to an “outperform” rating and set a $15.00 price objective on the stock in a research note on Tuesday, January 30th. Finally, Zacks Investment Research lowered shares of Altisource Residential from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 13th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Altisource Residential presently has an average rating of “Hold” and an average price target of $15.33.
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Altisource Residential Company Profile
Front Yard Residential Corporation, formerly 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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