News coverage about Altisource Residential (NYSE:RESI) has been trending somewhat positive recently, according to Accern. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Altisource Residential earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 45.0958020557436 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Altisource Residential (NYSE:RESI) traded up $0.30 during trading hours on Monday, reaching $11.06. The company’s stock had a trading volume of 429,900 shares, compared to its average volume of 486,721. Altisource Residential has a 12-month low of $10.37 and a 12-month high of $15.66.
Several analysts have issued reports on RESI shares. Zacks Investment Research upgraded Altisource Residential from a “sell” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Thursday, August 31st. BidaskClub upgraded Altisource Residential from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $15.43.
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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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