Altisource Residential Corp (NYSE:RESI) has received an average recommendation of “Hold” from the nine analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $15.67.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Altisource Residential from a “hold” rating to a “strong sell” rating in a report on Saturday. BidaskClub upgraded shares of Altisource Residential from a “strong sell” rating to a “sell” rating in a report on Saturday, November 11th.

Shares of Altisource Residential (RESI) opened at $11.42 on Monday. The firm has a market capitalization of $609.36, a PE ratio of -2.93 and a beta of 1.95. Altisource Residential has a fifty-two week low of $10.37 and a fifty-two week high of $15.66.

Altisource Residential (NYSE:RESI) last announced its earnings results on Tuesday, November 7th. The real estate investment trust reported ($0.80) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.46) by ($0.34). Altisource Residential had a negative return on equity of 21.64% and a negative net margin of 266.58%. equities analysts forecast that Altisource Residential will post -3.36 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.25%. Altisource Residential’s payout ratio is -15.38%.

Several hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP purchased a new stake in shares of Altisource Residential during the third quarter worth about $1,188,000. California Public Employees Retirement System grew its stake in shares of Altisource Residential by 18.5% during the third quarter. California Public Employees Retirement System now owns 241,173 shares of the real estate investment trust’s stock worth $2,679,000 after acquiring an additional 37,573 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. purchased a new stake in Altisource Residential in the third quarter valued at approximately $151,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in Altisource Residential in the third quarter valued at approximately $186,000. Finally, Schwab Charles Investment Management Inc. boosted its position in Altisource Residential by 5.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 477,745 shares of the real estate investment trust’s stock valued at $5,308,000 after buying an additional 26,465 shares during the last quarter. Institutional investors and hedge funds own 70.45% of the company’s stock.

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About Altisource Residential

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 (NYSE:RESI)

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