Shares of Altisource Residential Corp (NYSE:RESI) have been given a consensus rating of “Hold” by the ten research firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $15.57.
A number of research firms recently commented on RESI. Zacks Investment Research downgraded Altisource Residential from a “hold” rating to a “strong sell” rating in a report on Saturday, January 13th. BidaskClub upgraded Altisource Residential from a “strong sell” rating to a “sell” rating in a report on Saturday, November 11th. ValuEngine downgraded Altisource Residential from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Finally, JMP Securities raised Altisource Residential from a “market perform” rating to an “outperform” rating and set a $15.00 target price for the company in a research note on Tuesday, January 30th.
Altisource Residential (NYSE RESI) traded up $0.16 during midday trading on Friday, reaching $10.50. The company had a trading volume of 275,610 shares, compared to its average volume of 249,976. The company has a market capitalization of $552.65, a P/E ratio of -2.66 and a beta of 1.74. Altisource Residential has a fifty-two week low of $9.87 and a fifty-two week high of $15.66.
A number of large investors have recently bought and sold shares of RESI. Ladenburg Thalmann Financial Services Inc. acquired a new position in shares of Altisource Residential during the third quarter worth about $151,000. SG Americas Securities LLC boosted its position in shares of Altisource Residential by 73.5% during the third quarter. SG Americas Securities LLC now owns 15,248 shares of the real estate investment trust’s stock worth $169,000 after buying an additional 6,462 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Altisource Residential during the third quarter worth about $186,000. Teacher Retirement System of Texas acquired a new position in shares of Altisource Residential during the fourth quarter worth about $208,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Altisource Residential during the third quarter worth about $231,000. 70.29% of the stock is owned by hedge funds and other institutional investors.
Altisource Residential 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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