Altisource Residential Corp Receives New Coverage from Analysts at Credit Suisse (RESI)
Credit Suisse began coverage on shares of Altisource Residential Corp (NASDAQ:RESI) in a research note issued on Friday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Separately, analysts at JMP Securities initiated coverage on shares of Altisource Residential Corp (NASDAQ:RESI) in a research note to investors on Tuesday, September 3rd. They set an “outperform” rating on the stock.
Altisource Residential Corp (NASDAQ:RESI) traded down 0.18% on Friday, hitting $22.0612. The stock had a trading volume of 279,663 shares. Altisource Residential Corp has a 52 week low of $15.05 and a 52 week high of $22.15. The stock has a 50-day moving average of $19.6 and a 200-day moving average of $18.86. The company’s market cap is $553.4 million.
Altisource Residential Corp (NASDAQ:RESI) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.36.
The company also recently declared a special dividend, which is scheduled for Monday, September 30th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, September 17th.
Altisource Residential Corporation is a development-stage company engaged in the acquisition and ownership of single-family rental assets.
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