Front Yard Residential (NYSE:RESI) is set to announce its earnings results before the market opens on Wednesday, November 7th. Analysts expect the company to announce earnings of $0.04 per share for the quarter.
Front Yard Residential (NYSE:RESI) last released its earnings results on Thursday, August 9th. The real estate investment trust reported ($0.40) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.01. The business had revenue of $40.91 million for the quarter, compared to the consensus estimate of $42.41 million. Front Yard Residential had a negative net margin of 97.71% and a negative return on equity of 20.47%.
Front Yard Residential stock opened at $8.99 on Monday. Front Yard Residential has a fifty-two week low of $8.94 and a fifty-two week high of $13.07.
The company also recently announced a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.67%. The ex-dividend date was Thursday, September 27th.
A hedge fund recently raised its stake in Front Yard Residential stock. Bank of New York Mellon Corp boosted its stake in shares of Front Yard Residential Corp (NYSE:RESI) by 10.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 303,514 shares of the real estate investment trust’s stock after purchasing an additional 29,924 shares during the period. Bank of New York Mellon Corp owned about 0.57% of Front Yard Residential worth $3,163,000 at the end of the most recent reporting period. 70.78% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on RESI shares. Zacks Investment Research raised shares of Front Yard Residential from a “sell” rating to a “hold” rating in a research report on Tuesday, July 17th. Credit Suisse Group lifted their target price on shares of Front Yard Residential from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Friday, August 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $15.00.
About Front Yard Residential
Front Yard is an industry leader in providing quality, affordable rental homes to America's families. Our homes offer exceptional value in a variety of suburban communities which have easy accessibility to metropolitan areas. Front Yard's tenants enjoy the space and comfort that is unique to single-family housing, at reasonable prices.
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