Altisource Residential Corp (NYSE:RESI) Set to Announce Earnings on Tuesday
Altisource Residential Corp (NYSE:RESI) will release its earnings data before the market opens on Tuesday, August 8th. Analysts expect Altisource Residential Corp to post earnings of ($0.82) per share for the quarter.
Altisource Residential Corp (NYSE:RESI) last posted its earnings results on Tuesday, May 9th. The real estate investment trust reported ($0.92) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by $0.33. The company had revenue of $29.30 million for the quarter, compared to the consensus estimate of $33.38 million. Altisource Residential Corp had a negative return on equity of 23.73% and a negative net margin of 168.24%. Altisource Residential Corp’s quarterly revenue was down 26.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 EPS. On average, analysts expect Altisource Residential Corp to post $-2.59 EPS for the current fiscal year and $-1.09 EPS for the next fiscal year.
Altisource Residential Corp (NYSE:RESI) opened at 12.42 on Monday. Altisource Residential Corp has a 52-week low of $9.76 and a 52-week high of $15.66. The company’s market cap is $664.66 million. The company’s 50 day moving average price is $13.03 and its 200 day moving average price is $13.67.
The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend was Wednesday, June 28th. Altisource Residential Corp’s payout ratio is -14.02%.
In related news, CEO George G. Ellison purchased 10,000 shares of Altisource Residential Corp stock in a transaction that occurred on Thursday, May 11th. The shares were acquired at an average price of $14.24 per share, with a total value of $142,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.12% of the company’s stock.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Altisource Residential Corp from a “hold” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a research report on Wednesday, May 3rd. ValuEngine raised Altisource Residential Corp from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub downgraded Altisource Residential Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $15.50.
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Altisource Residential Corp 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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