Altisource Residential Corporation (NYSE:RESI) posted its quarterly earnings results on Tuesday. The real estate investment trust reported ($1.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.74) by $0.30, MarketWatch Earnings reports. Altisource Residential Corporation had a negative return on equity of 21.07% and a negative net margin of 503.37%. The business had revenue of $30.10 million during the quarter, compared to the consensus estimate of $32.55 million. During the same quarter in the previous year, the business posted ($1.16) earnings per share. The company’s quarterly revenue was up 250.0% compared to the same quarter last year.

Shares of Altisource Residential Corporation (NYSE:RESI) traded down 0.5724% during mid-day trading on Tuesday, reaching $12.6969. 93,918 shares of the company traded hands. The stock’s 50 day moving average is $13.03 and its 200 day moving average is $13.67. The stock’s market capitalization is $679.47 million. Altisource Residential Corporation has a 52-week low of $9.76 and a 52-week high of $15.66.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a $0.15 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.60 annualized dividend and a yield of 4.70%. Altisource Residential Corporation’s dividend payout ratio is presently -14.02%.

RESI has been the topic of a number of recent research reports. BidaskClub upgraded shares of Altisource Residential Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Altisource Residential Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Finally, ValuEngine upgraded shares of Altisource Residential Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.50.

In other news, CEO George G. Ellison bought 10,000 shares of Altisource Residential Corporation stock in a transaction dated Thursday, May 11th. The shares were bought at an average price of $14.24 per share, for a total transaction of $142,400.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.12% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. BW Gestao de Investimentos Ltda. purchased a new stake in shares of Altisource Residential Corporation during the first quarter valued at approximately $470,000. Parametric Portfolio Associates LLC increased its stake in shares of Altisource Residential Corporation by 73.6% in the first quarter. Parametric Portfolio Associates LLC now owns 140,640 shares of the real estate investment trust’s stock valued at $2,145,000 after buying an additional 59,636 shares in the last quarter. Hilton Capital Management LLC purchased a new stake in shares of Altisource Residential Corporation during the first quarter valued at approximately $10,521,000. UBS Asset Management Americas Inc. increased its stake in shares of Altisource Residential Corporation by 59.4% in the first quarter. UBS Asset Management Americas Inc. now owns 33,959 shares of the real estate investment trust’s stock valued at $518,000 after buying an additional 12,659 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Altisource Residential Corporation by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 265,618 shares of the real estate investment trust’s stock valued at $4,051,000 after buying an additional 17,342 shares in the last quarter. Institutional investors own 74.07% of the company’s stock.

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Altisource Residential Corporation Company Profile

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.

Earnings History for Altisource Residential Corporation (NYSE:RESI)

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