Front Yard Residential (NYSE:RESI) Stock Passes Below Two Hundred Day Moving Average of $0.00

Front Yard Residential Corp (NYSE:RESI) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as low as $11.93. Front Yard Residential shares last traded at $11.97, with a volume of 3,509 shares traded.

Several equities analysts have recently issued reports on RESI shares. Zacks Investment Research cut shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Northland Securities set a $13.00 price objective on shares of Nabriva Therapeutics and gave the stock a “buy” rating in a research note on Wednesday, May 8th.

The company has a fifty day moving average price of $11.87.

Front Yard Residential (NYSE:RESI) last announced its earnings results on Wednesday, May 8th. The real estate investment trust reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.37). Front Yard Residential had a negative return on equity of 24.20% and a negative net margin of 62.28%. The firm had revenue of $52.63 million during the quarter, compared to analyst estimates of $52.61 million. As a group, sell-side analysts predict that Front Yard Residential Corp will post 0.26 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend is Thursday, June 27th.

In related news, Director Rochelle R. Dobbs purchased 25,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was acquired at an average cost of $10.87 per share, for a total transaction of $271,750.00. Following the completion of the acquisition, the director now owns 23,642 shares in the company, valued at approximately $256,988.54. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director George Whitfield Mcdowell purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average price of $10.87 per share, with a total value of $54,350.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 50,000 shares of company stock valued at $555,800. Corporate insiders own 0.88% of the company’s stock.

Several hedge funds have recently bought and sold shares of RESI. Bessemer Group Inc. acquired a new stake in shares of Front Yard Residential during the fourth quarter worth approximately $59,000. Virtu Financial LLC acquired a new stake in shares of Front Yard Residential during the first quarter worth approximately $101,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Front Yard Residential by 47.5% during the first quarter. BNP Paribas Arbitrage SA now owns 11,280 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 3,632 shares during the period. HRT Financial LLC acquired a new stake in shares of Front Yard Residential during the fourth quarter worth approximately $139,000. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in shares of Front Yard Residential by 173.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 17,346 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 11,003 shares during the period. Institutional investors and hedge funds own 73.84% of the company’s stock.

About Front Yard Residential (NYSE:RESI)

Front Yard is an industry leader in providing quality, affordable rental homes to America's families. Our homes offer exceptional value in a variety of suburban communities that have easy accessibility to metropolitan areas. Front Yard's tenants enjoy the space and comfort that is unique to single-family housing at reasonable prices.

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