News articles about Altisource Residential Corp (NYSE:RESI) have been trending somewhat positive on Thursday, according to AlphaOne. The research firm, a division of Accern, scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Altisource Residential Corp earned a media sentiment score of 0.22 on AlphaOne’s scale. AlphaOne also assigned media stories about the company an impact score of 65 out of 100, meaning that recent news coverage is somewhat likely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Alpha One’s analysis:
- ICCT International Council on Clean Transportati : A historical review of the U.S. vehicle emission compliance program and emission recall cases (4-traders.com)
- BRIEF-Altisource Residential, RESI TL1 Borrower LLC entered into credit and security agreement (uk.reuters.com)
- Zacks: Brokerages Anticipate Altisource Residential Corp (RESI) Will Post Quarterly Sales of $32.24 Million (americanbankingnews.com)
- Altisource Residential Corp (RESI) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- -$0.59 EPS Expected for Altisource Residential Corp (RESI) This Quarter (americanbankingnews.com)
Altisource Residential Corp (NYSE:RESI) traded down 1.25% during mid-day trading on Thursday, hitting $15.00. The stock had a trading volume of 382,344 shares. Altisource Residential Corp has a 12-month low of $7.81 and a 12-month high of $15.66. The firm’s market cap is $805.01 million. The stock has a 50-day moving average price of $14.43 and a 200 day moving average price of $12.15.
Altisource Residential Corp (NYSE:RESI) last announced its quarterly earnings data on Wednesday, March 1st. The company reported ($1.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.51) by $0.63. The business earned $12.06 million during the quarter, compared to analysts’ expectations of $24.07 million. Altisource Residential Corp had a negative net margin of 338.43% and a negative return on equity of 16.34%. Altisource Residential Corp’s revenue for the quarter was down 50.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.18) EPS. Equities analysts anticipate that Altisource Residential Corp will post ($1.48) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Friday, March 31st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend is Wednesday, March 29th. Altisource Residential Corp’s dividend payout ratio is currently -14.22%.
Several research analysts recently weighed in on RESI shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $14.00 price target on shares of Altisource Residential Corp in a research report on Thursday, March 2nd. Citigroup Inc lifted their price target on Altisource Residential Corp from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, March 20th. Deutsche Bank AG reduced their price target on Altisource Residential Corp from $17.50 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, March 22nd. Zacks Investment Research upgraded Altisource Residential Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, February 1st. Finally, Instinet restated a “buy” rating and issued a $18.00 price objective (up from $15.00) on shares of Altisource Residential Corp in a research report on Monday, March 20th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $14.88.
In other Altisource Residential Corp news, CEO George G. Ellison acquired 20,000 shares of the stock in a transaction dated Friday, March 3rd. The stock was acquired at an average price of $14.47 per share, with a total value of $289,400.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.12% of the stock is owned by insiders.
Altisource Residential Corp 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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