Brokerages expect Altisource Residential Corp (NYSE:RESI) to post sales of $30.29 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Altisource Residential’s earnings, with the highest sales estimate coming in at $36.95 million and the lowest estimate coming in at $23.62 million. Altisource Residential reported sales of $12.06 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 151.2%. The firm is expected to report its next earnings report on Wednesday, March 7th.

On average, analysts expect that Altisource Residential will report full year sales of $30.29 million for the current financial year, with estimates ranging from $90.03 million to $103.02 million. For the next financial year, analysts forecast that the company will post sales of $179.26 million per share. Zacks’ sales calculations are an average based on a survey of research analysts that cover Altisource Residential.

Altisource Residential (NYSE:RESI) last released its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported ($0.80) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.34). Altisource Residential had a negative return on equity of 21.64% and a negative net margin of 266.58%.

Several research analysts have recently issued reports on the company. BidaskClub raised Altisource Residential from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 11th. Zacks Investment Research downgraded Altisource Residential from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 13th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Altisource Residential currently has an average rating of “Hold” and an average price target of $15.43.

Altisource Residential (NYSE:RESI) opened at $11.20 on Thursday. The stock has a market capitalization of $604.50, a price-to-earnings ratio of -2.87 and a beta of 1.95. Altisource Residential has a one year low of $10.37 and a one year high of $15.66.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend was Thursday, December 28th. Altisource Residential’s dividend payout ratio is presently -15.38%.

Institutional investors have recently bought and sold shares of the stock. State Street Corp increased its position in Altisource Residential by 2.2% during the 2nd quarter. State Street Corp now owns 1,044,350 shares of the real estate investment trust’s stock worth $13,515,000 after purchasing an additional 22,625 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Altisource Residential by 11.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 451,280 shares of the real estate investment trust’s stock worth $5,840,000 after purchasing an additional 45,562 shares in the last quarter. Vanguard Group Inc. increased its position in Altisource Residential by 106.2% during the 2nd quarter. Vanguard Group Inc. now owns 7,800,156 shares of the real estate investment trust’s stock worth $100,934,000 after purchasing an additional 4,016,607 shares in the last quarter. Forsta AP Fonden purchased a new stake in Altisource Residential during the 3rd quarter worth about $454,000. Finally, Balyasny Asset Management LLC purchased a new stake in Altisource Residential during the 2nd quarter worth about $10,355,000. Hedge funds and other institutional investors own 70.45% of the company’s stock.

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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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