Altisource Residential Corp’s (NYSE:RESI) Sentiment is 0.98

April 17, 2018 - By wolcottdaily

Sentiment for Altisource Residential Corp (NYSE:RESI)

Altisource Residential Corp (NYSE:RESI) institutional sentiment decreased to 0.98 in 2017 Q4. Its down -0.49, from 1.47 in 2017Q3. The ratio turned negative, as 42 funds started new and increased positions, while 43 sold and decreased stakes in Altisource Residential Corp. The funds in our partner’s database now possess: 35.93 million shares, down from 37.33 million shares in 2017Q3. Also, the number of funds holding Altisource Residential Corp in their top 10 positions decreased from 3 to 2 for a decrease of 1. Sold All: 14 Reduced: 29 Increased: 33 New Position: 9.

Altisource Residential Corporation, through its subsidiary, Altisource Residential, L.P., focuses on acquiring, owning, and managing single-family rental properties in the United States. The company has market cap of $520.05 million. It acquires its single-family rental properties primarily through the acquisition of sub-performing and non-performing loan portfolios. It currently has negative earnings. The firm is qualified as a real estate investment trust under the Internal Revenue Code.

The stock increased 0.10% or $0.01 during the last trading session, reaching $9.73. About 55,469 shares traded. Front Yard Residential Corporation (NYSE:RESI) has declined 33.83% since April 17, 2017 and is downtrending. It has underperformed by 45.38% the S&P500.

Analysts await Front Yard Residential Corporation (NYSE:RESI) to report earnings on May, 8. They expect $-0.49 earnings per share, up 46.74 % or $0.43 from last year’s $-0.92 per share. After $-0.70 actual earnings per share reported by Front Yard Residential Corporation for the previous quarter, Wall Street now forecasts -30.00 % EPS growth.

Tahithromos L.L.C. holds 11.79% of its portfolio in Front Yard Residential Corporation for 771,730 shares. Kazazian Asset Management Llc owns 221,882 shares or 2.69% of their US portfolio. Moreover, Portolan Capital Management Llc has 0.42% invested in the company for 325,935 shares. The California-based Gratia Capital Llc has invested 0.34% in the stock. Pacific Ridge Capital Partners Llc, a Oregon-based fund reported 98,470 shares.#img1#

Front Yard Residential Corporation (NYSE:RESI) Ratings Coverage

Ratings analysis reveals 67% of Altisource Residential’s analysts are positive. Out of 3 Wall Street analysts rating Altisource Residential, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $11.0 while the high is $17.0. The stock’s average target of $14.33 is 47.28% above today’s ($9.73) share price. RESI was included in 4 notes of analysts from October 23, 2017. JMP Securities upgraded it to “Buy” rating and $15.0 target in Tuesday, January 30 report. Northland Capital maintained the shares of RESI in report on Monday, October 23 with “Buy” rating. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Friday, March 2 report. The firm earned “Hold” rating on Thursday, November 2 by Keefe Bruyette & Woods.

Front Yard Residential Corporation (NYSE:RESI) Ratings Chart

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