Somewhat Positive Press Coverage Somewhat Likely to Affect Altisource Residential Corporation (RESI) Share Price

News articles about Altisource Residential Corporation (NYSE:RESI) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Altisource Residential Corporation earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 56 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the stock’s share price in the next few days.

Here are some of the media stories that may have impacted Accern’s rankings:

RESI has been the topic of several research reports. ValuEngine raised Altisource Residential Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised Altisource Residential Corporation from a “hold” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a research report on Wednesday, May 3rd. BidaskClub lowered Altisource Residential Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $17.00 target price on shares of Altisource Residential Corporation in a research report on Thursday. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Altisource Residential Corporation currently has an average rating of “Hold” and an average price target of $15.67.

Shares of Altisource Residential Corporation (NYSE:RESI) traded up 1.08% during mid-day trading on Friday, reaching $12.16. The company had a trading volume of 820,706 shares. The firm’s 50-day moving average is $12.92 and its 200 day moving average is $13.67. The company’s market capitalization is $648.85 million. Altisource Residential Corporation has a 12 month low of $9.86 and a 12 month high of $15.66.

Altisource Residential Corporation (NYSE:RESI) last released its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported ($1.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.74) by $0.30. Altisource Residential Corporation had a negative net margin of 378.17% and a negative return on equity of 21.82%. The business had revenue of $30.10 million during the quarter, compared to analysts’ expectations of $32.55 million. During the same quarter in the prior year, the firm posted ($1.16) earnings per share. The firm’s quarterly revenue was up 250.0% on a year-over-year basis. On average, equities research analysts predict that Altisource Residential Corporation will post ($2.04) earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.60 dividend on an annualized basis and a yield of 4.93%. Altisource Residential Corporation’s dividend payout ratio is -14.42%.

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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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