Strs Ohio raised its position in shares of Altisource Residential Corporation (NYSE:RESI) by 407.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 78,096 shares of the real estate investment trust’s stock after buying an additional 62,696 shares during the period. Strs Ohio’s holdings in Altisource Residential Corporation were worth $1,010,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Pacific Ridge Capital Partners LLC boosted its stake in Altisource Residential Corporation by 30.1% in the first quarter. Pacific Ridge Capital Partners LLC now owns 97,320 shares of the real estate investment trust’s stock worth $1,484,000 after buying an additional 22,510 shares in the last quarter. BW Gestao de Investimentos Ltda. acquired a new stake in Altisource Residential Corporation during the first quarter worth $470,000. Parametric Portfolio Associates LLC boosted its stake in Altisource Residential Corporation by 73.6% in the first quarter. Parametric Portfolio Associates LLC now owns 140,640 shares of the real estate investment trust’s stock worth $2,145,000 after buying an additional 59,636 shares in the last quarter. Hilton Capital Management LLC acquired a new stake in Altisource Residential Corporation during the first quarter worth $10,521,000. Finally, UBS Asset Management Americas Inc. boosted its stake in Altisource Residential Corporation by 59.4% in the first quarter. UBS Asset Management Americas Inc. now owns 33,959 shares of the real estate investment trust’s stock worth $518,000 after buying an additional 12,659 shares in the last quarter. Institutional investors own 74.09% of the company’s stock.

Shares of Altisource Residential Corporation (NYSE:RESI) opened at 12.29 on Wednesday. The stock’s 50 day moving average price is $12.85 and its 200-day moving average price is $13.72. The firm’s market cap is $655.78 million. Altisource Residential Corporation has a 52-week low of $9.86 and a 52-week high of $15.66.

Altisource Residential Corporation (NYSE:RESI) last issued its earnings results on Tuesday, August 8th. The real estate investment trust reported ($1.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.74) by $0.30. The company had revenue of $30.10 million during the quarter, compared to analyst estimates of $32.55 million. Altisource Residential Corporation had a negative net margin of 378.17% and a negative return on equity of 21.82%. The business’s revenue for the quarter was up 250.0% compared to the same quarter last year. During the same quarter last year, the company posted ($1.16) EPS. On average, equities research analysts anticipate that Altisource Residential Corporation will post ($2.09) earnings per share for the current fiscal year.

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A number of analysts have weighed in on the company. Zacks Investment Research upgraded Altisource Residential Corporation from a “hold” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a research note on Wednesday, May 3rd. ValuEngine upgraded Altisource Residential Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub cut Altisource Residential Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Northland Securities reiterated a “buy” rating and set a $17.00 target price on shares of Altisource Residential Corporation in a research report on Thursday, August 10th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $15.67.

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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Institutional Ownership by Quarter for Altisource Residential Corporation (NYSE:RESI)

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