Altisource Residential Corp (RESI) to Issue Quarterly Dividend of $0.15 on January 12th

Altisource Residential Corp (NYSE:RESI) announced a quarterly dividend on Tuesday, December 19th, NASDAQ reports. Investors of record on Friday, December 29th will be given a dividend of 0.15 per share by the real estate investment trust on Friday, January 12th. This represents a $0.60 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Thursday, December 28th.

Altisource Residential has increased its dividend payment by an average of 16.3% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Altisource Residential has a payout ratio of -17.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Altisource Residential (NYSE:RESI) traded up $0.01 during midday trading on Wednesday, hitting $11.93. The stock had a trading volume of 187,721 shares, compared to its average volume of 488,241. The firm has a market cap of $636.04, a PE ratio of -3.06 and a beta of 1.95. Altisource Residential has a one year low of $10.37 and a one year high of $15.66.

Several equities research analysts have recently commented on the company. Zacks Investment Research raised Altisource Residential 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. BidaskClub cut Altisource Residential from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Altisource Residential presently has an average rating of “Hold” and a consensus price target of $15.43.

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Altisource Residential 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.

Dividend History for Altisource Residential (NYSE:RESI)

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