Front Yard Residential (NYSE:RESI) posted its quarterly earnings results on Wednesday. The real estate investment trust reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.37), MarketWatch Earnings reports. The business had revenue of $52.63 million for the quarter, compared to analyst estimates of $52.61 million. Front Yard Residential had a negative return on equity of 23.94% and a negative net margin of 71.49%.

RESI stock remained flat at $$11.00 during trading on Friday. 279,325 shares of the company’s stock were exchanged, compared to its average volume of 371,604. Front Yard Residential has a one year low of $7.99 and a one year high of $13.07.

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend was Thursday, March 28th.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Front Yard Residential from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Northland Securities reaffirmed a “buy” rating and set a $15.00 target price on shares of Front Yard Residential in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $14.00.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Front Yard Residential by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 7,054,282 shares of the real estate investment trust’s stock valued at $76,539,000 after acquiring an additional 127,899 shares during the period. Vanguard Group Inc raised its stake in shares of Front Yard Residential by 1.8% in the 3rd quarter. Vanguard Group Inc now owns 7,054,282 shares of the real estate investment trust’s stock valued at $76,539,000 after acquiring an additional 127,899 shares during the period. BlackRock Inc. raised its stake in shares of Front Yard Residential by 8.8% in the 4th quarter. BlackRock Inc. now owns 4,012,445 shares of the real estate investment trust’s stock valued at $35,028,000 after acquiring an additional 324,366 shares during the period. FMR LLC raised its stake in shares of Front Yard Residential by 9.3% in the 4th quarter. FMR LLC now owns 3,689,642 shares of the real estate investment trust’s stock valued at $32,210,000 after acquiring an additional 314,400 shares during the period. Finally, Norges Bank purchased a new stake in shares of Front Yard Residential in the 4th quarter valued at approximately $7,025,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

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Front Yard Residential Company Profile

Front Yard is an industry leader in providing quality, affordable rental homes to America's families. Our homes offer exceptional value in a variety of suburban communities that have easy accessibility to metropolitan areas. Front Yard's tenants enjoy the space and comfort that is unique to single-family housing at reasonable prices.

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Earnings History for Front Yard Residential (NYSE:RESI)

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