Altisource Residential Corp (NYSE:RESI) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,562,061 shares, an increase of 46.0% from the November 30th total of 1,069,849 shares. Currently, 3.1% of the company’s shares are sold short. Based on an average daily volume of 240,572 shares, the short-interest ratio is presently 6.5 days.

Shares of Altisource Residential (NYSE:RESI) opened at $11.53 on Friday. Altisource Residential has a 12 month low of $10.37 and a 12 month high of $15.66. The firm has a market cap of $615.23, a P/E ratio of -2.96 and a beta of 1.95.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend is Thursday, December 28th. Altisource Residential’s dividend payout ratio is presently -15.38%.

RESI has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Altisource Residential from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub raised shares of Altisource Residential from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $15.43.

Several institutional investors have recently bought and sold shares of RESI. Russell Investments Group Ltd. raised its stake in shares of Altisource Residential by 19.5% during the second quarter. Russell Investments Group Ltd. now owns 61,546 shares of the real estate investment trust’s stock valued at $797,000 after acquiring an additional 10,025 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Altisource Residential by 11.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 451,280 shares of the real estate investment trust’s stock valued at $5,840,000 after acquiring an additional 45,562 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Altisource Residential by 9.1% during the second quarter. Rhumbline Advisers now owns 68,655 shares of the real estate investment trust’s stock valued at $888,000 after acquiring an additional 5,703 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Altisource Residential during the second quarter valued at approximately $114,000. Finally, Virginia Retirement Systems ET AL bought a new stake in shares of Altisource Residential during the second quarter valued at approximately $773,000. 70.45% of the stock is owned by hedge funds and other institutional investors.

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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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