Equities research analysts expect Altisource Residential Corp (NYSE:RESI) to report $30.29 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Altisource Residential’s earnings, with the lowest sales estimate coming in at $23.62 million and the highest estimate coming in at $36.95 million. Altisource Residential posted sales of $12.06 million during the same quarter last year, which suggests a positive year over year growth rate of 151.2%. The business is expected to report its next earnings report on Wednesday, March 7th.

On average, analysts expect that Altisource Residential will report full-year sales of $30.29 million for the current fiscal year, with estimates ranging from $90.03 million to $103.02 million. For the next year, analysts forecast that the firm will report sales of $179.26 million per share. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Altisource Residential.

Altisource Residential (NYSE:RESI) last issued its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported ($0.80) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.46) by ($0.34). Altisource Residential had a negative net margin of 266.58% and a negative return on equity of 21.64%.

Several brokerages have issued reports on RESI. Zacks Investment Research downgraded Altisource Residential from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 13th. BidaskClub raised Altisource Residential from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Altisource Residential has a consensus rating of “Hold” and a consensus target price of $15.43.

Institutional investors have recently made changes to their positions in the stock. State Street Corp grew its stake in shares of Altisource Residential by 2.2% during the second quarter. State Street Corp now owns 1,044,350 shares of the real estate investment trust’s stock worth $13,515,000 after purchasing an additional 22,625 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Altisource Residential by 11.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 451,280 shares of the real estate investment trust’s stock worth $5,840,000 after purchasing an additional 45,562 shares during the period. Vanguard Group Inc. grew its stake in shares of Altisource Residential by 106.2% during the second quarter. Vanguard Group Inc. now owns 7,800,156 shares of the real estate investment trust’s stock worth $100,934,000 after purchasing an additional 4,016,607 shares during the period. Forsta AP Fonden acquired a new stake in shares of Altisource Residential during the third quarter worth $454,000. Finally, Balyasny Asset Management LLC acquired a new stake in shares of Altisource Residential during the second quarter worth $10,355,000. 70.45% of the stock is owned by institutional investors and hedge funds.

Altisource Residential (RESI) opened at $11.20 on Thursday. Altisource Residential has a 52-week low of $10.37 and a 52-week high of $15.66. The stock has a market capitalization of $604.50, a price-to-earnings ratio of -2.87 and a beta of 1.95.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors 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 5.36%. Altisource Residential’s dividend payout ratio (DPR) is presently -15.38%.

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Altisource Residential 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.

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