Trading Report: Today, Altisource Residential Corp. (RESI) Rating Reiterate by JMP Securities

Today, Altisource Residential Corp. (RESI) Rating Reiterate by JMP Securities

Altisource Residential Corp. (NYSE:RESI)‘s stock had its “hold” rating reaffirmed by equities research analysts at JMP Securities in a note issued to investors on Thursday.

Other analysts have also recently issued research reports about the stock. Deutsche Bank AG set a $18.50 price target on shares of Altisource Residential Corp. and gave the stock a “buy” rating in a research note on Thursday, August 18th. Zacks Investment Research cut shares of Altisource Residential Corp. from a “hold” rating to a “sell” rating in a research note on Friday, November 11th. Northland Securities assumed coverage on shares of Altisource Residential Corp. in a research note on Thursday, August 18th. They set an “outperform” rating for the company. Citigroup Inc. increased their price target on shares of Altisource Residential Corp. from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 17th. Finally, Nomura reiterated a “buy” rating and set a $15.00 price target on shares of Altisource Residential Corp. in a research note on Friday, September 23rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Altisource Residential Corp. presently has an average rating of “Hold” and an average price target of $14.42.

Altisource Residential Corp. (NYSE:RESI) traded up 0.75% during mid-day trading on Thursday, hitting $12.09. 157,328 shares of the stock were exchanged. Altisource Residential Corp. has a one year low of $7.81 and a one year high of $14.07. The company’s market cap is $651.28 million. The company has a 50-day moving average price of $10.69 and a 200-day moving average price of $10.20.

Altisource Residential Corp. (NYSE:RESI) last issued its quarterly earnings results on Monday, November 7th. The company reported ($1.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.48) by $0.58. The business had revenue of $4.40 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned ($0.09) EPS. Analysts forecast that Altisource Residential Corp. will post ($2.90) earnings per share for the current fiscal year.

In related news, CEO George G. Ellison purchased 22,000 shares of the business’s stock in a transaction dated Thursday, November 10th. The stock was acquired at an average price of $11.30 per share, for a total transaction of $248,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David B. Reiner purchased 3,500 shares of the business’s stock in a transaction dated Thursday, November 17th. The stock was bought at an average price of $11.57 per share, with a total value of $40,495.00. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. increased its position in shares of Altisource Residential Corp. by 3.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,561,324 shares of the company’s stock worth $18,736,000 after buying an additional 49,026 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of Altisource Residential Corp. during the second quarter worth about $141,000. Bank of New York Mellon Corp increased its position in shares of Altisource Residential Corp. by 10.3% in the second quarter. Bank of New York Mellon Corp now owns 217,052 shares of the company’s stock worth $1,995,000 after buying an additional 20,325 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Altisource Residential Corp. during the second quarter worth about $1,521,000. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Altisource Residential Corp. by 4.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 27,130 shares of the company’s stock worth $249,000 after buying an additional 1,217 shares in the last quarter. Institutional investors and hedge funds own 81.56% of the company’s stock.

About Altisource Residential Corp.

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