Altisource Residential Corporation (NYSE:RESI) issued its quarterly earnings results on Tuesday. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $1.14, Briefing.com reports. The company had revenue of $33.00 million during the quarter, compared to analyst estimates of $33.72 million. Altisource Residential Corporation had a negative net margin of 378.17% and a negative return on equity of 21.82%. Altisource Residential Corporation’s quarterly revenue was up 243.8% compared to the same quarter last year. During the same period last year, the business earned ($1.06) EPS.

Altisource Residential Corporation (NYSE RESI) traded down $0.36 during trading hours on Tuesday, reaching $10.64. 417,204 shares of the company’s stock were exchanged, compared to its average volume of 194,260. Altisource Residential Corporation has a 1-year low of $9.90 and a 1-year high of $15.66.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.60 dividend on an annualized basis and a yield of 5.45%. Altisource Residential Corporation’s dividend payout ratio is currently -14.42%.

COPYRIGHT VIOLATION WARNING: “Altisource Residential Corporation (RESI) Releases Quarterly Earnings Results, Beats Estimates By $1.14 EPS” was posted by American Banking News and is the property of of American Banking News. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/11/07/altisource-residential-corporation-resi-releases-quarterly-earnings-results-beats-estimates-by-1-14-eps.html.

Several brokerages recently issued reports on RESI. Zacks Investment Research lowered shares of Altisource Residential Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub lowered shares of Altisource Residential Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 2nd. Finally, Northland Securities reiterated a “buy” rating and issued a $17.00 price target on shares of Altisource Residential Corporation in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.38.

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)

Receive News & Ratings for Altisource Residential Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altisource Residential Corporation and related companies with MarketBeat.com's FREE daily email newsletter.