JPMorgan Chase & Co. raised its position in shares of Altisource Residential Corporation (NYSE:RESI) by 980.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 567,561 shares of the real estate investment trust’s stock after purchasing an additional 515,038 shares during the period. JPMorgan Chase & Co. owned about 1.06% of Altisource Residential Corporation worth $7,344,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Teachers Advisors LLC lifted its holdings in shares of Altisource Residential Corporation by 2.6% in the 4th quarter. Teachers Advisors LLC now owns 87,169 shares of the real estate investment trust’s stock worth $962,000 after buying an additional 2,192 shares during the period. Russell Investments Group Ltd. grew its position in shares of Altisource Residential Corporation by 1,131.4% during the 1st quarter. Russell Investments Group Ltd. now owns 51,521 shares of the real estate investment trust’s stock worth $786,000 after buying an additional 47,337 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Altisource Residential Corporation by 7.0% during the 1st quarter. Bank of New York Mellon Corp now owns 265,618 shares of the real estate investment trust’s stock worth $4,051,000 after buying an additional 17,342 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in shares of Altisource Residential Corporation by 59.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 33,959 shares of the real estate investment trust’s stock worth $518,000 after buying an additional 12,659 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in shares of Altisource Residential Corporation by 73.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 140,640 shares of the real estate investment trust’s stock worth $2,145,000 after buying an additional 59,636 shares in the last quarter. 73.49% of the stock is owned by institutional investors and hedge funds.

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Altisource Residential Corporation (NYSE:RESI) opened at 11.15 on Tuesday. The company’s market capitalization is $594.95 million. Altisource Residential Corporation has a 52-week low of $9.86 and a 52-week high of $15.66. The stock has a 50 day moving average price of $11.60 and a 200 day moving average price of $13.28.

Altisource Residential Corporation (NYSE:RESI) last issued its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported ($1.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.74) by ($0.30). The business 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%. The business’s quarterly revenue was up 250.0% on a year-over-year basis. During the same period in the prior year, the business earned ($1.16) EPS. On average, equities analysts expect that Altisource Residential Corporation will post ($2.07) earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date of this dividend is Thursday, September 28th. Altisource Residential Corporation’s dividend payout ratio is currently -14.42%.

Several research firms recently weighed in on RESI. BidaskClub upgraded Altisource Residential Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Altisource Residential Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Northland Securities reiterated a “buy” rating and set a $17.00 target price on shares of Altisource Residential Corporation in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $15.38.

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.

Institutional Ownership by Quarter for Altisource Residential Corporation (NYSE:RESI)

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