Altisource Residential Corporation (RESI) Shares Sold by Northern Trust Corp
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.
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.
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