Zacks Investment Research lowered shares of Altisource Residential Corporation (NYSE:RESI) from a hold rating to a sell rating in a report issued on Friday morning.

According to Zacks, “Altisource Residential Corporation is engaged in the acquisition and ownership of single-family rental assets. Altisource Residential Corporation is based in Frederiksted, U.S. “

Several other equities research analysts have also issued reports on RESI. BidaskClub lowered Altisource Residential Corporation from a hold rating to a sell rating in a research note on Tuesday, July 25th. Northland Securities reaffirmed a buy rating and set a $17.00 price target on shares of Altisource Residential Corporation in a research note on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $15.38.

Altisource Residential Corporation (RESI) opened at $10.92 on Friday. Altisource Residential Corporation has a twelve month low of $10.37 and a twelve month high of $15.66.

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A number of large investors have recently made changes to their positions in RESI. Vanguard Group Inc. increased its holdings in Altisource Residential Corporation by 106.2% during the 2nd quarter. Vanguard Group Inc. now owns 7,800,156 shares of the real estate investment trust’s stock valued at $100,934,000 after purchasing an additional 4,016,607 shares during the period. Balyasny Asset Management LLC purchased a new position in Altisource Residential Corporation during the 2nd quarter valued at about $10,355,000. JPMorgan Chase & Co. increased its holdings in Altisource Residential Corporation by 980.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 567,561 shares of the real estate investment trust’s stock valued at $7,344,000 after purchasing an additional 515,038 shares during the period. Tahithromos L.L.C. increased its holdings in Altisource Residential Corporation by 103.8% during the 2nd quarter. Tahithromos L.L.C. now owns 597,878 shares of the real estate investment trust’s stock valued at $7,737,000 after purchasing an additional 304,540 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Altisource Residential Corporation by 56.8% during the 1st quarter. Renaissance Technologies LLC now owns 707,700 shares of the real estate investment trust’s stock valued at $10,792,000 after purchasing an additional 256,475 shares during the period. Institutional investors own 72.09% of the company’s stock.

Altisource Residential Corporation 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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