Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Altisource Residential Corporation (RESI) Stock Price
Media stories about Altisource Residential Corporation (NYSE:RESI) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Altisource Residential Corporation earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 47.301941589834 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Altisource Residential Corporation (NYSE RESI) traded down 0.18% during midday trading on Friday, hitting $11.38. The stock had a trading volume of 173,525 shares. The stock’s 50-day moving average is $11.50 and its 200-day moving average is $13.23. The stock’s market cap is $607.23 million. Altisource Residential Corporation has a 12 month low of $9.86 and a 12 month high of $15.66.
Altisource Residential Corporation (NYSE:RESI) last posted its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported ($1.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.74) by ($0.30). Altisource Residential Corporation had a negative return on equity of 21.82% and a negative net margin of 378.17%. The business had revenue of $30.10 million during the quarter, compared to analysts’ expectations of $32.55 million. During the same quarter in the prior year, the firm earned ($1.16) EPS. The firm’s revenue for the quarter was up 250.0% compared to the same quarter last year. Equities analysts anticipate that Altisource Residential Corporation will post ($2.07) EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend is Thursday, September 28th. Altisource Residential Corporation’s dividend payout ratio is currently -14.42%.
RESI has been the subject of a number of analyst reports. Zacks Investment Research raised Altisource Residential Corporation from a “sell” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Thursday, August 31st. 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, BidaskClub raised Altisource Residential Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Altisource Residential Corporation has a consensus rating of “Hold” and an average price target of $15.38.
Altisource Residential Corporation 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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