Altisource Residential Corp. (NYSE:RESI) Director David B. Reiner acquired 3,500 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were acquired at an average price of $11.57 per share, with a total value of $40,495.00. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Altisource Residential Corp. (NYSE:RESI) remained flat at $11.51 during midday trading on Friday. The stock had a trading volume of 507,405 shares. The firm’s market capitalization is $626.89 million. The company’s 50 day moving average price is $10.52 and its 200 day moving average price is $10.19. Altisource Residential Corp. has a 1-year low of $7.81 and a 1-year high of $14.07.

Altisource Residential Corp. (NYSE:RESI) last posted its quarterly earnings results on Monday, November 7th. The company reported ($1.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.48) by $0.58. The business earned $4.40 million during the quarter, compared to analyst estimates of $27.97 million. Altisource Residential Corp. had a negative return on equity of 16.34% and a negative net margin of 338.43%. During the same quarter last year, the firm earned ($0.09) EPS. On average, equities research analysts forecast that Altisource Residential Corp. will post ($2.90) EPS for the current year.

Several institutional investors have recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. increased its position 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 worth $18,736,000 after buying an additional 49,026 shares during the last quarter. Magnetar Financial LLC increased its position in 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 bought a new position in Altisource Residential Corp. during the first quarter valued at about $236,000. Barclays PLC increased its position in 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. Finally, Fox Run Management L.L.C. bought a new position in Altisource Residential Corp. during the second quarter valued at about $141,000. Hedge funds and other institutional investors own 80.50% of the company’s stock.

Several equities analysts recently issued reports on RESI shares. Deutsche Bank AG set a $18.50 target price on Altisource Residential Corp. and gave the company a “buy” rating in a research report on Thursday, August 18th. Nomura restated a “buy” rating and issued a $15.00 target price on shares of Altisource Residential Corp. in a research note on Friday, September 23rd. Zacks Investment Research upgraded Altisource Residential Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 19th. Citigroup Inc. raised their target price on Altisource Residential Corp. from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 17th. Finally, Northland Securities initiated coverage on Altisource Residential Corp. in a research note on Thursday, August 18th. They issued an “outperform” rating for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $14.42.

About Altisource Residential Corp.

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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