Shares of Altisource Residential Corporation (NYSE:RESI) have been assigned an average rating of “Hold” from the twelve research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $15.33.

Several research analysts have recently weighed in on RESI shares. Zacks Investment Research upgraded shares of Altisource Residential Corporation from a “sell” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Thursday, August 31st. Northland Securities restated a “buy” rating and issued a $17.00 target price on shares of Altisource Residential Corporation in a research note on Thursday, August 10th. ValuEngine upgraded shares of Altisource Residential Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub upgraded shares of Altisource Residential Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd.

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A number of institutional investors and hedge funds have recently bought and sold shares of RESI. Teachers Advisors LLC raised its holdings in Altisource Residential Corporation by 2.6% in the fourth quarter. Teachers Advisors LLC now owns 87,169 shares of the real estate investment trust’s stock valued at $962,000 after acquiring an additional 2,192 shares in the last quarter. Bank of Montreal Can raised its holdings in Altisource Residential Corporation by 195.5% in the first quarter. Bank of Montreal Can now owns 37,503 shares of the real estate investment trust’s stock valued at $572,000 after acquiring an additional 24,813 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Altisource Residential Corporation by 1,131.4% in the first quarter. Russell Investments Group Ltd. now owns 51,521 shares of the real estate investment trust’s stock valued at $786,000 after acquiring an additional 47,337 shares in the last quarter. Boston Partners raised its holdings in Altisource Residential Corporation by 2.2% in the first quarter. Boston Partners now owns 129,716 shares of the real estate investment trust’s stock valued at $1,978,000 after acquiring an additional 2,829 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Altisource Residential Corporation by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 265,618 shares of the real estate investment trust’s stock valued at $4,051,000 after acquiring an additional 17,342 shares in the last quarter. 73.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Altisource Residential Corporation (NYSE:RESI) traded down 0.72% during midday trading on Tuesday, hitting $11.05. 429,148 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 firm has a 50 day moving average of $12.16 and a 200 day moving average of $13.56. The firm’s market cap is $589.62 million.

Altisource Residential Corporation (NYSE:RESI) last announced its earnings results on Tuesday, August 8th. The real estate investment trust reported ($1.04) earnings per share for the quarter, missing the consensus estimate of ($0.74) by ($0.30). The firm had revenue of $30.10 million during the quarter, compared to analysts’ expectations of $32.55 million. Altisource Residential Corporation had a negative net margin of 378.17% and a negative return on equity of 21.82%. Altisource Residential Corporation’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) earnings per share. Equities analysts forecast that Altisource Residential Corporation will post ($2.07) EPS 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.

Analyst Recommendations for Altisource Residential Corporation (NYSE:RESI)

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