Northern Trust Corp decreased its position in Altisource Residential Corporation (NYSE:RESI) by 4.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 604,447 shares of the real estate investment trust’s stock after selling 26,421 shares during the quarter. Northern Trust Corp owned about 1.13% of Altisource Residential Corporation worth $7,821,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Menta Capital LLC acquired a new stake in shares of Altisource Residential Corporation in the second quarter valued at $2,116,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Altisource Residential Corporation in the second quarter valued at $634,000. Teachers Advisors LLC lifted its holdings in shares of Altisource Residential Corporation by 4.8% in the second quarter. Teachers Advisors LLC now owns 91,336 shares of the real estate investment trust’s stock valued at $1,182,000 after buying an additional 4,167 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Altisource Residential Corporation by 15.8% in the second quarter. Alliancebernstein L.P. now owns 99,430 shares of the real estate investment trust’s stock valued at $1,287,000 after buying an additional 13,550 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Altisource Residential Corporation by 980.6% during the second quarter. JPMorgan Chase & Co. now owns 567,561 shares of the real estate investment trust’s stock worth $7,344,000 after purchasing an additional 515,038 shares during the period. Institutional investors and hedge funds own 73.52% of the company’s stock.

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A number of equities research analysts have recently issued reports on the company. BidaskClub raised Altisource Residential Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday. Northland Securities reaffirmed a “buy” rating and set a $17.00 target price on shares of Altisource Residential Corporation in a research report on Thursday, August 10th. Finally, Zacks Investment Research raised Altisource Residential Corporation from a “sell” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $15.38.

Shares of Altisource Residential Corporation (RESI) opened at $10.94 on Friday. Altisource Residential Corporation has a 52-week low of $10.37 and a 52-week high of $15.66.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.48%. The ex-dividend date of this dividend was Thursday, September 28th. Altisource Residential Corporation’s payout ratio is -15.38%.

Altisource Residential Corporation 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.

Institutional Ownership by Quarter for Altisource Residential Corporation (NYSE:RESI)

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