Shares of Altisource Residential Corporation (NYSE:RESI) have been assigned an average rating of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $15.57.

Several equities analysts have recently issued reports on RESI shares. Zacks Investment Research lowered shares of Altisource Residential Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. BidaskClub lowered shares of Altisource Residential Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, September 2nd. Finally, Northland Securities reissued a “buy” rating and issued a $17.00 price target on shares of Altisource Residential Corporation in a report on Thursday, August 10th.

Several hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its holdings in shares of Altisource Residential Corporation by 27.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 7,437 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 1,623 shares during the period. Voya Investment Management LLC raised its holdings in shares of Altisource Residential Corporation by 7.7% in the 2nd quarter. Voya Investment Management LLC now owns 28,170 shares of the real estate investment trust’s stock valued at $365,000 after purchasing an additional 2,005 shares during the period. Metropolitan Life Insurance Co. NY raised its holdings in shares of Altisource Residential Corporation by 5.7% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 37,976 shares of the real estate investment trust’s stock valued at $579,000 after purchasing an additional 2,043 shares during the period. American International Group Inc. raised its holdings in shares of Altisource Residential Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 32,233 shares of the real estate investment trust’s stock valued at $492,000 after purchasing an additional 2,138 shares during the period. Finally, Teachers Advisors LLC raised its holdings in shares of Altisource Residential Corporation by 4.8% in the 2nd quarter. Teachers Advisors LLC now owns 91,336 shares of the real estate investment trust’s stock valued at $1,182,000 after purchasing an additional 4,167 shares during the period. 73.44% of the stock is currently owned by institutional investors.

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Shares of Altisource Residential Corporation (NYSE:RESI) opened at 10.67 on Wednesday. The stock’s 50 day moving average price is $11.00 and its 200 day moving average price is $12.70. Altisource Residential Corporation has a 1-year low of $9.86 and a 1-year high of $15.66. The company’s market capitalization is $569.34 million.

Altisource Residential Corporation (NYSE:RESI) last announced its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported ($1.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.74) by ($0.30). Altisource Residential Corporation had a negative net margin of 378.17% and a negative return on equity of 21.82%. The firm had revenue of $30.10 million during the quarter, compared to analyst estimates of $32.55 million. During the same period last year, the firm earned ($1.16) EPS. Altisource Residential Corporation’s quarterly revenue was up 250.0% on a year-over-year basis. Analysts expect that Altisource Residential Corporation will post ($2.62) EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.60 annualized dividend and a yield of 5.62%. Altisource Residential Corporation’s dividend payout ratio (DPR) is presently -14.42%.

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.

Analyst Recommendations for Altisource Residential Corporation (NYSE:RESI)

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