Altisource Residential Corp. (NYSE:RESI) declared a quarterly dividend on Wednesday, December 21st. Investors of record on Friday, December 30th will be paid a dividend of 0.15 per share on Friday, January 13th. This represents a $0.60 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date is Wednesday, December 28th.
Altisource Residential Corp. (NYSE:RESI) opened at 11.53 on Tuesday. The company’s 50-day moving average price is $11.52 and its 200-day moving average price is $10.37. Altisource Residential Corp. has a 12 month low of $7.81 and a 12 month high of $13.55. The stock’s market cap is $621.11 million.
Altisource Residential Corp. (NYSE:RESI) last issued its earnings results on Monday, November 7th. The company reported ($1.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by $0.58. The business had revenue of $4.40 million for the quarter, compared to analysts’ expectations of $27.97 million. Altisource Residential Corp. had a negative return on equity of 16.34% and a negative net margin of 338.43%. During the same period last year, the company posted ($0.09) earnings per share. Equities analysts forecast that Altisource Residential Corp. will post ($3.01) earnings per share for the current year.
In related news, Director David B. Reiner bought 3,500 shares of the stock in a transaction on Thursday, November 17th. The shares were purchased at an average price of $11.57 per share, for a total transaction of $40,495.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO George G. Ellison bought 22,000 shares of the stock in a transaction on Thursday, November 10th. The shares were bought at an average price of $11.30 per share, for a total transaction of $248,600.00. The disclosure for this purchase can be found here. Company insiders own 0.12% of the company’s stock.
A number of large investors have recently made changes to their positions in RESI. Rhumbline Advisers boosted its stake in shares of Altisource Residential Corp. by 1.3% in the third quarter. Rhumbline Advisers now owns 65,443 shares of the company’s stock worth $713,000 after buying an additional 830 shares during the period. BlackRock Advisors LLC boosted its stake in shares of Altisource Residential Corp. by 5.3% in the third quarter. BlackRock Advisors LLC now owns 28,841 shares of the company’s stock worth $314,000 after buying an additional 1,457 shares during the period. Cubist Systematic Strategies LLC boosted its stake in shares of Altisource Residential Corp. by 25.8% in the second quarter. Cubist Systematic Strategies LLC now owns 29,067 shares of the company’s stock worth $267,000 after buying an additional 5,968 shares during the period. Paloma Partners Management Co bought a new stake in shares of Altisource Residential Corp. during the second quarter worth approximately $292,000. Finally, A.R.T. Advisors LLC bought a new stake in shares of Altisource Residential Corp. during the second quarter worth approximately $1,456,000. Hedge funds and other institutional investors own 72.83% of the company’s stock.
RESI has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their target price on Altisource Residential Corp. from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 30th. Zacks Investment Research cut Altisource Residential Corp. from a “hold” rating to a “sell” rating in a report on Friday, November 11th. JMP Securities restated a “hold” rating on shares of Altisource Residential Corp. in a report on Thursday, November 24th. Finally, Nomura restated a “buy” rating and issued a $15.00 price target on shares of Altisource Residential Corp. in a report on Friday, September 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Altisource Residential Corp. has a consensus rating of “Hold” and a consensus price target of $14.25.
Altisource Residential Corp. Company Profile
Altisource Residential Corporation is a real estate investment trust (REIT). The Company is focused on acquiring, owning and managing single-family rental properties throughout the United States. The Company operates through the segment focused on the resolution of sub-performing and non-performing mortgages, and acquisition and ownership of rental residential properties.