Shares of Altisource Residential Corporation (NYSE:RESI) have earned an average recommendation of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $15.50.
Several analysts recently issued reports on RESI shares. Northland Securities reiterated a “buy” rating and set a $17.00 price objective on shares of Altisource Residential Corporation in a report on Thursday, August 10th. Zacks Investment Research upgraded Altisource Residential Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine upgraded Altisource Residential Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub raised shares of Altisource Residential Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd.
Large investors have recently modified their holdings of the stock. BW Gestao de Investimentos Ltda. increased its stake in shares of Altisource Residential Corporation by 13.5% in the second quarter. BW Gestao de Investimentos Ltda. now owns 34,985 shares of the real estate investment trust’s stock valued at $453,000 after buying an additional 4,173 shares in the last quarter. Laurel Wealth Advisors Inc. boosted its stake in Altisource Residential Corporation by 12.0% in the second quarter. Laurel Wealth Advisors Inc. now owns 59,893 shares of the real estate investment trust’s stock valued at $775,000 after buying an additional 6,410 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Altisource Residential Corporation during the second quarter valued at $294,000. State Street Corp boosted its stake in Altisource Residential Corporation by 2.2% in the second quarter. State Street Corp now owns 1,044,350 shares of the real estate investment trust’s stock valued at $13,515,000 after buying an additional 22,625 shares during the last quarter. Finally, Tudor Investment Corp ET AL boosted its stake in Altisource Residential Corporation by 34.3% in the second quarter. Tudor Investment Corp ET AL now owns 34,408 shares of the real estate investment trust’s stock valued at $445,000 after buying an additional 8,781 shares during the last quarter. 74.09% of the stock is currently owned by institutional investors.
Altisource Residential Corporation (RESI) opened at 12.32 on Friday. The stock’s 50 day moving average price is $12.80 and its 200 day moving average price is $13.70. Altisource Residential Corporation has a 52 week low of $9.86 and a 52 week high of $15.66. The firm’s market capitalization is $657.38 million.
Altisource Residential Corporation (NYSE:RESI) last announced its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported ($1.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.74) by $0.30. Altisource Residential Corporation had a negative return on equity of 21.82% and a negative net margin of 378.17%. The firm had revenue of $30.10 million for the quarter, compared to analysts’ expectations of $32.55 million. During the same quarter in the prior year, the business posted ($1.16) earnings per share. Altisource Residential Corporation’s revenue was up 250.0% on a year-over-year basis. On average, equities analysts expect that Altisource Residential Corporation will post ($1.89) EPS for the current year.
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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.
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