The stock of Altisource Residential Corp (NYSE:RESI) is a huge mover today! About 443,020 shares traded hands. Altisource Residential Corp (NYSE:RESI) has declined 13.61% since April 5, 2016 and is downtrending. It has underperformed by 15.57% the S&P500.
The move comes after 8 months positive chart setup for the $586.61 million company. It was reported on Nov, 7 by Barchart.com. We have $15.35 PT which if reached, will make NYSE:RESI worth $240.51M more.
Analysts await Altisource Residential Corp (NYSE:RESI) to report earnings on November, 14. They expect $0.41 EPS, up 555.56% or $0.50 from last year’s $-0.09 per share. RESI’s profit will be $22.09 million for 6.64 P/E if the $0.41 EPS becomes a reality. After $-1.16 actual EPS reported by Altisource Residential Corp for the previous quarter, Wall Street now forecasts -135.34% EPS growth.
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 stock of Altisource Residential Corp (NYSE:RESI) has “Market Perform” rating given on Wednesday, March 9 by JMP Securities. The stock has “Neutral” rating given by Citigroup on Wednesday, August 17. On Thursday, August 13 the stock rating was maintained by Deutsche Bank with “Buy”. Nomura upgraded the shares of RESI in a report on Tuesday, August 23 to “Buy” rating. Piper Jaffray maintained the shares of RESI in a report on Tuesday, August 11 with “Overweight” rating.
According to Zacks Investment Research, “Altisource Residential Corporation is engaged in the acquisition and ownership of single-family rental assets. Altisource Residential Corporation is based in Frederiksted, U.S.”
Insitutional Activity: The institutional sentiment increased to 0.88 in 2016 Q2. Its up 0.15, from 0.73 in 2016Q1. The ratio increased, 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.
Bnp Paribas Arbitrage accumulated 2,161 shares or 0% of the stock. Pacific Ridge Prns Limited Co accumulated 0.17% or 40,180 shares. Boston Prns has invested 0% of its portfolio in Altisource Residential Corp (NYSE:RESI). Morgan Stanley last reported 39,260 shares in the company. Alpine Woods Capital Invsts Limited Co has invested 0.01% of its portfolio in Altisource Residential Corp (NYSE:RESI). Blackrock Incorporated reported 15,077 shares or 0% of all its holdings. Metropolitan Life Insurance Com Ny accumulated 40,415 shares or 0% of the stock. Jacobs Levy Equity Mgmt has 28,200 shares for 0.01% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. Quantbot Tech Ltd Partnership last reported 784 shares in the company. The Missouri-based Kennedy Cap Inc has invested 0.05% in Altisource Residential Corp (NYSE:RESI). The Georgia-based Voya Mngmt Limited Liability has invested 0% in Altisource Residential Corp (NYSE:RESI). Hightower Advsr Limited Liability Corporation reported 7,801 shares or 0% of all its holdings. Geode Management Ltd Llc accumulated 354,516 shares or 0% of the stock. Legal And General Grp Inc Public Limited Company holds 0% or 21,664 shares in its portfolio.
More notable recent Altisource Residential Corp (NYSE:RESI) news were published by: Globenewswire.com which released: “Altisource Residential Corporation Reports Third Quarter 2016 Results; Rental …” on November 07, 2016, also Marketwatch.com with their article: “Altisource stock price target raised to $15 from $11 at Nomura” published on December 25, 2012, Bloomberg.com published: “Altisource Residential Activist Group Ratchets Up Board Fight” on February 18, 2016. More interesting news about Altisource Residential Corp (NYSE:RESI) were released by: Nasdaq.com and their article: “Altisource Residential Corporation (RESI) Ex-Dividend Date Scheduled for …” published on October 03, 2016 as well as Nasdaq.com‘s news article titled: “Altisource Portfolio Solutions Comments on Agreement With Altisource …” with publication date: September 30, 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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