JMP Securities reaffirmed their hold rating on shares of Altisource Residential Corp. (NYSE:RESI) in a research note published on Thursday.

A number of other research firms have also commented on RESI. Nomura raised shares of Altisource Residential Corp. from a neutral rating to a buy rating and lifted their target price for the stock from $11.00 to $15.00 in a report on Tuesday, August 23rd. Zacks Investment Research lowered shares of Altisource Residential Corp. from a hold rating to a sell rating in a report on Friday, November 11th. Citigroup Inc. lifted their target price on shares of Altisource Residential Corp. from $9.00 to $11.00 and gave the stock a neutral rating in a report on Wednesday, August 17th. Deutsche Bank AG set a $18.50 target price on shares of Altisource Residential Corp. and gave the stock a buy rating in a report on Thursday, August 18th. Finally, Northland Securities started coverage on shares of Altisource Residential Corp. in a report on Thursday, August 18th. They set an outperform rating for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $14.42.

Analyst Recommendations for Altisource Residential Corp. (NYSE:RESI)

Shares of Altisource Residential Corp. (NYSE:RESI) opened at 11.72 on Thursday. The stock’s market capitalization is $631.34 million. Altisource Residential Corp. has a one year low of $7.81 and a one year high of $14.07. The company’s 50 day moving average price is $10.74 and its 200 day moving average price is $10.20.

Altisource Residential Corp. (NYSE:RESI) last released its earnings results on Monday, November 7th. The company reported ($1.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by $0.58. Altisource Residential Corp. had a negative return on equity of 16.34% and a negative net margin of 338.43%. The business had revenue of $4.40 million for the quarter, compared to analyst estimates of $27.97 million. During the same period in the prior year, the firm posted ($0.09) EPS. On average, analysts expect that Altisource Residential Corp. will post ($2.82) earnings per share for the current fiscal year.

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In other news, Director David B. Reiner purchased 3,500 shares of the firm’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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO George G. Ellison purchased 22,000 shares of the firm’s stock in a transaction dated Thursday, November 10th. The stock was purchased at an average cost of $11.30 per share, with a total value of $248,600.00. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Advisors LLC raised its position in shares of Altisource Residential Corp. by 0.6% in the second quarter. BlackRock Advisors LLC now owns 27,384 shares of the company’s stock worth $252,000 after buying an additional 161 shares during the last quarter. Laurel Wealth Advisors Inc. raised its position in shares of Altisource Residential Corp. by 1.9% in the second quarter. Laurel Wealth Advisors Inc. now owns 17,397 shares of the company’s stock worth $160,000 after buying an additional 325 shares during the last quarter. Rhumbline Advisers raised its position in shares of Altisource Residential Corp. by 1.3% in the third quarter. Rhumbline Advisers now owns 65,443 shares of the company’s stock worth $713,000 after buying an additional 830 shares during the last quarter. BlackRock Group LTD raised its position in shares of Altisource Residential Corp. by 3.7% in the third quarter. BlackRock Group LTD now owns 27,006 shares of the company’s stock worth $295,000 after buying an additional 963 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Altisource Residential Corp. by 1.0% in the third quarter. California State Teachers Retirement System now owns 110,840 shares of the company’s stock worth $1,208,000 after buying an additional 1,100 shares during the last quarter. 72.83% of the stock is owned by institutional investors.

Altisource Residential Corp. Company Profile

Altisource Residential Corporation is a real estate investment trust (REIT). The Company is focused on acquiring, owning and managing single-family rental properties throughout the United States. The Company operates through the segment focused on the resolution of sub-performing and non-performing mortgages, and acquisition and ownership of rental residential properties.

5 Day Chart for NYSE:RESI

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