Altisource Residential Corp. (NYSE:RESI) CEO George G. Ellison bought 22,000 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The shares were acquired at an average cost of $11.30 per share, with a total value of $248,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Altisource Residential Corp. (NYSE:RESI) opened at 11.42 on Tuesday. The company has a 50 day moving average of $10.46 and a 200 day moving average of $10.17. Altisource Residential Corp. has a 12 month low of $7.81 and a 12 month high of $14.07. The stock’s market cap is $615.18 million.

Altisource Residential Corp. (NYSE:RESI) last posted its quarterly earnings data on Monday, November 7th. The company reported ($1.06) earnings per share for the quarter, missing the consensus estimate of ($0.48) by $0.58. The company earned $4.40 million during the quarter, compared to analyst estimates of $27.97 million. Altisource Residential Corp. had a negative net margin of 338.43% and a negative return on equity of 16.34%. During the same quarter in the previous year, the business posted ($0.09) EPS. Equities research analysts expect that Altisource Residential Corp. will post ($2.58) earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Altisource Residential Corp. by 3.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,561,324 shares of the company’s stock valued at $18,736,000 after buying an additional 49,026 shares in the last quarter. Kennedy Capital Management Inc. acquired a new stake in shares of Altisource Residential Corp. during the first quarter valued at approximately $6,416,000. Magnetar Financial LLC boosted its stake in shares of Altisource Residential Corp. by 6.7% in the first quarter. Magnetar Financial LLC now owns 35,504 shares of the company’s stock valued at $426,000 after buying an additional 2,239 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Altisource Residential Corp. during the first quarter valued at approximately $236,000. Finally, Barclays PLC boosted its stake in shares of Altisource Residential Corp. by 1.3% in the first quarter. Barclays PLC now owns 671,132 shares of the company’s stock valued at $8,054,000 after buying an additional 8,823 shares in the last quarter. Hedge funds and other institutional investors own 80.50% of the company’s stock.

Several analysts recently commented on the stock. Zacks Investment Research lowered shares of Altisource Residential Corp. from a “hold” rating to a “sell” rating in a research note on Friday. Nomura reissued a “buy” rating and set a $15.00 target price on shares of Altisource Residential Corp. in a research note on Friday, September 23rd. Northland Securities assumed coverage on shares of Altisource Residential Corp. in a research note on Thursday, August 18th. They set an “outperform” rating for the company. Deutsche Bank AG set a $18.50 target price on shares of Altisource Residential Corp. and gave the company a “buy” rating in a research note on Thursday, August 18th. Finally, Citigroup Inc. increased their target price on shares of Altisource Residential Corp. from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, August 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $14.42.

Altisource Residential Corp. Company Profile

Altisource Residential Corporation is a real estate investment trust (REIT). The Company is focused on acquiring, owning and managing single-family rental properties throughout the United States. The Company operates through the segment focused on the resolution of sub-performing and non-performing mortgages, and acquisition and ownership of rental residential properties.

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