Altisource Residential (NYSE:RESI) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Thursday.
A number of other research firms have also recently commented on RESI. JMP Securities upgraded shares of Altisource Residential from a “market perform” rating to an “outperform” rating and set a $15.00 price target on the stock in a report on Tuesday, January 30th. Zacks Investment Research cut shares of Altisource Residential from a “hold” rating to a “strong sell” rating in a report on Saturday, January 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. Altisource Residential presently has a consensus rating of “Hold” and a consensus target price of $15.33.
Shares of NYSE RESI traded down $0.28 during mid-day trading on Thursday, reaching $9.96. The company had a trading volume of 217,486 shares, compared to its average volume of 353,801. Altisource Residential 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 results on Thursday, March 1st. The real estate investment trust reported ($0.70) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.59) by ($0.11). The company had revenue of $27.80 million during the quarter, compared to the consensus estimate of $32.77 million. Altisource Residential had a negative return on equity of 25.77% and a negative net margin of 196.93%. The company’s revenue for the quarter was up 129.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.14) earnings per share. equities research analysts anticipate that Altisource Residential will post -1.55 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of RESI. QS Investors LLC bought a new position in Altisource Residential during the 4th quarter worth about $128,000. Ladenburg Thalmann Financial Services Inc. bought a new position in Altisource Residential during the 3rd quarter worth about $151,000. SG Americas Securities LLC grew its holdings in Altisource Residential by 73.5% during the 3rd quarter. SG Americas Securities LLC now owns 15,248 shares of the real estate investment trust’s stock worth $169,000 after acquiring an additional 6,462 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Altisource Residential during the 4th quarter worth about $208,000. Finally, Wolverine Trading LLC grew its holdings in Altisource Residential by 109.4% during the 4th quarter. Wolverine Trading LLC now owns 20,526 shares of the real estate investment trust’s stock worth $243,000 after acquiring an additional 10,726 shares in the last quarter. Institutional investors own 79.28% of the company’s stock.
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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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