Altisource Residential Corporation (RESI) Receiving Somewhat Positive Media Coverage, Accern Reports
Media stories about Altisource Residential Corporation (NYSE:RESI) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Altisource Residential Corporation earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 45.7387619185785 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of equities analysts recently weighed in on the company. Zacks Investment Research lowered Altisource Residential Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 10th. ValuEngine upgraded Altisource Residential Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub lowered Altisource Residential Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Northland Securities reiterated a “buy” rating and issued a $17.00 price target on shares of Altisource Residential Corporation in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. Altisource Residential Corporation presently has a consensus rating of “Hold” and an average target price of $15.33.
Shares of Altisource Residential Corporation (NYSE RESI) traded down 1.23% during midday trading on Wednesday, reaching $11.26. The company’s stock had a trading volume of 55,528 shares. The company’s market cap is $600.82 million. Altisource Residential Corporation has a 12 month low of $9.86 and a 12 month high of $15.66. The stock has a 50-day moving average of $12.49 and a 200 day moving average of $13.66.
Altisource Residential Corporation (NYSE:RESI) last posted its earnings results on Tuesday, August 8th. The real estate investment trust reported ($1.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.74) by $0.30. Altisource Residential Corporation had a negative net margin of 378.17% and a negative return on equity of 21.82%. The business had revenue of $30.10 million during the quarter, compared to analyst estimates of $32.55 million. During the same period in the previous year, the firm posted ($1.16) earnings per share. The firm’s revenue was up 250.0% on a year-over-year basis. On average, analysts predict that Altisource Residential Corporation will post ($2.07) earnings per share for the current fiscal year.
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About Altisource Residential Corporation
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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