Somewhat Positive Press Coverage Somewhat Unlikely to Impact Altisource Residential (RESI) Share Price

News stories about Altisource Residential (NYSE:RESI) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Altisource Residential earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 45.8854064730235 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Altisource Residential (NYSE:RESI) traded down $0.09 during midday trading on Friday, reaching $11.53. 173,046 shares of the company were exchanged, compared to its average volume of 365,485. The company has a market capitalization of $616.26, a PE ratio of -2.96 and a beta of 1.95. Altisource Residential has a twelve month low of $10.37 and a twelve month high of $15.66.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.60 annualized dividend and a yield of 5.20%. Altisource Residential’s dividend payout ratio is -15.38%.

RESI has been the topic of a number of analyst reports. BidaskClub raised shares of Altisource Residential from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 11th. Zacks Investment Research cut shares of Altisource Residential from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price 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.

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