Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Altisource Residential Corporation (RESI) Stock Price
Press coverage about Altisource Residential Corporation (NYSE:RESI) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Altisource Residential Corporation earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.4356446883943 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several brokerages have commented on RESI. ValuEngine upgraded shares of Altisource Residential Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of Altisource Residential Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub cut shares of Altisource Residential Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Northland Securities reiterated a “buy” rating and issued a $17.00 target price on shares of Altisource Residential Corporation in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $15.33.
Altisource Residential Corporation (NYSE RESI) traded down 0.43% during mid-day trading on Tuesday, hitting $11.54. 15,015 shares of the stock were exchanged. Altisource Residential Corporation has a 12-month low of $9.86 and a 12-month high of $15.66. The stock’s market capitalization is $615.76 million. The firm has a 50-day moving average price of $12.33 and a 200-day moving average price of $13.62.
Altisource Residential Corporation (NYSE:RESI) last posted its earnings results on Tuesday, August 8th. The real estate investment trust reported ($1.04) earnings per share (EPS) 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 company had revenue of $30.10 million for the quarter, compared to analyst estimates of $32.55 million. During the same quarter in the previous year, the firm posted ($1.16) earnings per share. Altisource Residential Corporation’s quarterly revenue was up 250.0% compared to the same quarter last year. Equities analysts predict that Altisource Residential Corporation will post ($2.07) earnings per share for the current fiscal year.
About Altisource Residential Corporation
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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