UBS Asset Management Americas Inc. cut its stake in shares of Altisource Residential Corporation (NYSE:RESI) by 33.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 22,453 shares of the real estate investment trust’s stock after selling 11,506 shares during the period. UBS Asset Management Americas Inc.’s holdings in Altisource Residential Corporation were worth $291,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in RESI. Public Employees Retirement System of Ohio lifted its position in Altisource Residential Corporation by 27.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 7,437 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 1,623 shares in the last quarter. SG Americas Securities LLC acquired a new position in Altisource Residential Corporation during the 2nd quarter worth approximately $114,000. Public Employees Retirement Association of Colorado acquired a new position in Altisource Residential Corporation during the 2nd quarter worth approximately $330,000. Tudor Investment Corp ET AL lifted its position in Altisource Residential Corporation by 78.1% during the 1st quarter. Tudor Investment Corp ET AL now owns 25,627 shares of the real estate investment trust’s stock worth $391,000 after acquiring an additional 11,240 shares in the last quarter. Finally, American International Group Inc. lifted its position in Altisource Residential Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 32,233 shares of the real estate investment trust’s stock worth $492,000 after acquiring an additional 2,138 shares in the last quarter. 73.44% of the stock is currently owned by hedge funds and other institutional investors.
Altisource Residential Corporation (NYSE:RESI) last released 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). The company had revenue of $30.10 million for the quarter, compared to the consensus estimate of $32.55 million. Altisource Residential Corporation had a negative return on equity of 21.82% and a negative net margin of 378.17%. The business’s revenue was up 250.0% compared to the same quarter last year. During the same quarter last year, the company posted ($1.16) EPS.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors 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 annualized dividend and a yield of 5.62%. Altisource Residential Corporation’s payout ratio is -14.42%.
Several research firms recently commented on RESI. BidaskClub raised Altisource Residential Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised Altisource Residential Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Northland Securities reissued a “buy” rating and set a $17.00 price target on shares of Altisource Residential Corporation in a research report 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 stock. Altisource Residential Corporation currently has a consensus rating of “Hold” and an average target price of $15.38.
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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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