Front Yard Residential Corp (NYSE:RESI) major shareholder Deer Park Road Management Comp bought 300,000 shares of Front Yard Residential stock in a transaction dated Thursday, November 29th. The stock was purchased at an average cost of $8.59 per share, for a total transaction of $2,577,000.00. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

NYSE RESI opened at $9.30 on Thursday. Front Yard Residential Corp has a 12 month low of $7.99 and a 12 month high of $13.07.

Front Yard Residential (NYSE:RESI) last posted its quarterly earnings results on Wednesday, November 7th. The real estate investment trust reported ($0.89) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.93). The company had revenue of $48.31 million during the quarter, compared to the consensus estimate of $47.33 million. Front Yard Residential had a negative return on equity of 22.74% and a negative net margin of 85.55%. As a group, research analysts expect that Front Yard Residential Corp will post 0.14 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of RESI. SG Americas Securities LLC bought a new position in shares of Front Yard Residential in the second quarter worth about $149,000. State of Alaska Department of Revenue bought a new position in Front Yard Residential during the 3rd quarter worth about $171,000. Martingale Asset Management L P bought a new position in Front Yard Residential during the 3rd quarter worth about $189,000. Capital Fund Management S.A. bought a new position in Front Yard Residential during the 3rd quarter worth about $206,000. Finally, Nomura Asset Management Co. Ltd. bought a new position in Front Yard Residential during the 3rd quarter worth about $339,000. Hedge funds and other institutional investors own 72.08% of the company’s stock.

A number of research analysts have recently commented on the stock. Credit Suisse Group upped their price target on shares of Front Yard Residential from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Friday, August 10th. Zacks Investment Research cut shares of Front Yard Residential from a “hold” rating to a “sell” rating in a report on Friday, August 17th. Finally, Deutsche Bank cut their price target on shares of Front Yard Residential from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, November 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $14.00.

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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 which 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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