Zacks Investment Research downgraded shares of Altisource Residential Corporation (NYSE:RESI) from a hold rating to a sell rating in a report published on Friday.

According to Zacks, “Altisource Residential Corporation is engaged in the acquisition and ownership of single-family rental assets. Altisource Residential Corporation is based in Frederiksted, U.S. “

A number of other analysts also recently issued reports on the company. BidaskClub downgraded Altisource Residential Corporation from a sell rating to a strong sell rating in a research report on Saturday, September 2nd. Northland Securities restated a buy rating and issued a $17.00 price target on shares of Altisource Residential Corporation in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $15.38.

Shares of Altisource Residential Corporation (NYSE:RESI) traded up $0.15 on Friday, reaching $10.94. The company had a trading volume of 240,500 shares, compared to its average volume of 214,737. Altisource Residential Corporation has a 12 month low of $10.37 and a 12 month high of $15.66.

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Several large investors have recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Altisource Residential Corporation during the third quarter worth $186,000. Schwab Charles Investment Management Inc. lifted its position in shares of Altisource Residential Corporation by 5.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 477,745 shares of the real estate investment trust’s stock worth $5,308,000 after purchasing an additional 26,465 shares during the last quarter. Tahithromos L.L.C. lifted its position in shares of Altisource Residential Corporation by 21.3% during the third quarter. Tahithromos L.L.C. now owns 725,335 shares of the real estate investment trust’s stock worth $8,058,000 after purchasing an additional 127,457 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Altisource Residential Corporation during the third quarter worth $231,000. Finally, SG Americas Securities LLC lifted its position in shares of Altisource Residential Corporation by 73.5% during the third quarter. SG Americas Securities LLC now owns 15,248 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 6,462 shares during the last quarter. Institutional investors and hedge funds own 72.09% of the company’s stock.

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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Analyst Recommendations for Altisource Residential Corporation (NYSE:RESI)

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