Somewhat Positive News Coverage Somewhat Unlikely to Impact Altisource Residential (RESI) Stock Price
Press coverage about Altisource Residential (NYSE:RESI) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Altisource Residential earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 47.4541648296808 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Altisource Residential (NYSE RESI) traded down $0.04 during mid-day trading on Friday, reaching $11.05. The company had a trading volume of 268,919 shares, compared to its average volume of 509,726. Altisource Residential has a fifty-two week low of $10.37 and a fifty-two week high of $15.66.
RESI has been the subject of a number of research analyst reports. BidaskClub cut shares of Altisource Residential from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 2nd. Zacks Investment Research cut shares of Altisource Residential from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, Northland Securities reaffirmed a “buy” rating and set a $17.00 price objective on shares of Altisource Residential in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.38.
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Altisource Residential 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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