Altisource Residential Corp Announces Dividend of $0.08 (RESI)
Altisource Residential Corp (NASDAQ:RESI) announced a dividend on Thursday, February 20th, AnalystRatingsNetwork.com reports. Stockholders of record on Monday, March 3rd will be paid a dividend of 0.08 per share on Monday, March 10th. The ex-dividend date is Thursday, February 27th.
RESI has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Altisource Residential Corp from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, analysts at Deutsche Bank raised their price target on shares of Altisource Residential Corp from $31.00 to $37.00 in a research note on Friday, January 17th. They now have a “buy” rating on the stock. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $30.20.
Shares of Altisource Residential Corp (NASDAQ:RESI) opened at 28.34 on Friday. Altisource Residential Corp has a 1-year low of $15.41 and a 1-year high of $35.05. The stock has a 50-day moving average of $30. and a 200-day moving average of $25.8. The company’s market cap is $1.602 billion.
Altisource Residential Corp (NASDAQ:RESI) last released its earnings data on Thursday, February 20th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.31. The company had revenue of $30.00 million for the quarter, compared to the consensus estimate of $34.76 million. Analysts expect that Altisource Residential Corp will post $0.85 EPS for the current fiscal year.
Altisource Residential Corporation is a development-stage company engaged in the acquisition and ownership of single-family rental assets.
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