Wall Street analysts expect Altisource Residential Corp (NYSE:RESI) to report earnings per share (EPS) of ($0.65) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Altisource Residential’s earnings. Altisource Residential posted earnings per share of ($0.37) in the same quarter last year, which indicates a negative year-over-year growth rate of 75.7%. The company is expected to issue its next earnings report on Wednesday, March 7th.

On average, analysts expect that Altisource Residential will report full year earnings of ($3.41) per share for the current financial year. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Altisource Residential.

A number of equities research analysts have recently weighed in on RESI shares. BidaskClub lowered shares of Altisource Residential from a “sell” rating to a “strong sell” rating in a report on Saturday, September 2nd. Zacks Investment Research lowered shares of Altisource Residential from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $15.43.

Shares of Altisource Residential (NYSE RESI) remained flat at $$11.86 on Friday. The company had a trading volume of 847,493 shares, compared to its average volume of 327,966. The stock has a market capitalization of $633.89, a P/E ratio of -3.04 and a beta of 1.95. Altisource Residential has a 1-year low of $10.37 and a 1-year high of $15.66.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.06%. The ex-dividend date is Thursday, December 28th. Altisource Residential’s payout ratio is -15.38%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Voya Investment Management LLC increased its stake in shares of Altisource Residential by 7.7% in the second quarter. Voya Investment Management LLC now owns 28,170 shares of the real estate investment trust’s stock worth $365,000 after buying an additional 2,005 shares during the period. Teachers Advisors LLC increased its position in Altisource Residential by 4.8% during the 2nd quarter. Teachers Advisors LLC now owns 91,336 shares of the real estate investment trust’s stock valued at $1,182,000 after purchasing an additional 4,167 shares during the period. BW Gestao de Investimentos Ltda. increased its position in Altisource Residential by 13.5% during the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 34,985 shares of the real estate investment trust’s stock valued at $453,000 after purchasing an additional 4,173 shares during the period. IndexIQ Advisors LLC increased its position in Altisource Residential by 11.0% during the 2nd quarter. IndexIQ Advisors LLC now owns 55,474 shares of the real estate investment trust’s stock valued at $718,000 after purchasing an additional 5,509 shares during the period. Finally, Rhumbline Advisers increased its position in Altisource Residential by 9.1% during the 2nd quarter. Rhumbline Advisers now owns 68,655 shares of the real estate investment trust’s stock valued at $888,000 after purchasing an additional 5,703 shares during the period. 70.45% of the stock is currently owned by institutional investors.

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About Altisource Residential

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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