Altisource Residential Corporation (NYSE:RESI) is expected to pay $0.15 on Oct 14, 2016. The indicated annual dividend is $0.60. Shareholders owning the stock before Oct 4, 2016 will be eligible to receive the payout. Based on Altisource Residential Corporation’s current price of $10.78, the dividend is 1.39%. This dividend’s record date is Oct 6, 2016 and the announcement date is Sep 27, 2016. Altisource Residential Corp (NYSE:RESI) has risen 16.20% since February 29, 2016 and is uptrending. It has outperformed by 3.99% the S&P500.
Altisource Residential Corporation is a real estate investment trust . The company has a market cap of $596.00 million. The Firm is focused on acquiring, owning and managing single-family rental properties throughout the United States. It currently has negative earnings. The Firm operates through the segment focused on the resolution of sub-performing and non-performing mortgages, and acquisition and ownership of rental residential properties.
Insitutional Activity: The institutional sentiment increased to 0.88 in Q2 2016. Its up 0.15, from 0.73 in 2016Q1. The ratio is positive, as 13 funds sold all Altisource Residential Corp shares owned while 30 reduced positions. 10 funds bought stakes while 28 increased positions. They now own 42.97 million shares or 9.27% less from 47.36 million shares in 2016Q1.
Hightower Limited holds 0% or 7,801 shares in its portfolio. Voya Mgmt Limited Liability Co accumulated 0% or 26,165 shares. Jpmorgan Chase & holds 972 shares or 0% of its portfolio. Bnp Paribas Arbitrage last reported 0% of its portfolio in the stock. Ameriprise Fincl Incorporated accumulated 385,088 shares or 0% of the stock. Moreover, Nationwide Fund Advsr has 0% invested in Altisource Residential Corp (NYSE:RESI) for 94,173 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 1,727 shares or 0% of its portfolio. Rhumbline Advisers reported 64,613 shares or 0% of all its holdings. Teachers Advsr Incorporated reported 84,977 shares or 0% of all its holdings. Wells Fargo Mn has 0% invested in the company for 24,449 shares. Alpine Woods Capital Invsts Limited Liability Com accumulated 0.01% or 25,897 shares. Global X Ltd Liability Co has 0.34% invested in the company for 740,858 shares. Deutsche Financial Bank Ag holds 135,948 shares or 0% of its portfolio. Hbk Invs L P last reported 0% of its portfolio in the stock. Price T Rowe Associate Inc Md holds 33,216 shares or 0% of its portfolio.
Altisource Residential Corp (NYSE:RESI) Ratings Coverage
Out of 7 analysts covering Altisource Residential Corporation (NYSE:RESI), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. Altisource Residential Corporation has been the topic of 9 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The company was upgraded on Tuesday, August 23 by Nomura. The firm earned “Neutral” rating on Wednesday, August 17 by Citigroup. The rating was downgraded by JMP Securities to “Market Perform” on Wednesday, March 9. Deutsche Bank maintained Altisource Residential Corp (NYSE:RESI) rating on Thursday, August 13. Deutsche Bank has “Buy” rating and $22.5 price target. On Tuesday, August 11 the stock rating was maintained by Piper Jaffray with “Overweight”.
More notable recent Altisource Residential Corp (NYSE:RESI) news were published by: Nasdaq.com which released: “Altisource Residential Corporation (RESI) Ex-Dividend Date Scheduled for …” on October 03, 2016, also Marketwatch.com with their article: “/quotes/zigman/3870025/realtime” published on December 25, 2012, Nasdaq.com published: “Altisource Residential Corporation Announces Acquisition of Approximately 4250 …” on September 30, 2016. More interesting news about Altisource Residential Corp (NYSE:RESI) were released by: Zacks.com and their article: “Why Altisource Residential Corporation (RESI) Stock Might be a Great Pick” published on June 17, 2016 as well as Bloomberg.com‘s news article titled: “Altisource Residential Activist Group Ratchets Up Board Fight” with publication date: February 18, 2016.
RESI Company Profile
Altisource Residential Corporation, incorporated on July 19, 2012, is a real estate investment trust (REIT). The Firm is focused on acquiring, owning and managing single-family rental properties throughout the United States. The Firm operates through the segment focused on the resolution of sub-performing and non-performing mortgages, and acquisition and ownership of rental residential properties. It acquires its single-family rental properties primarily through the acquisition of sub-performing and non-performing loan portfolios. The Firm conducts its activities through its subsidiary, Altisource Residential, L.P., and its subsidiaries.
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