News coverage about Altisource Residential (NYSE:RESI) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Altisource Residential earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.4324142400506 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Altisource Residential Corp (RESI) Expected to Announce Earnings of -$0.60 Per Share (americanbankingnews.com)
- Altisource Residential (RESI) Cut to Strong Sell at Zacks Investment Research (americanbankingnews.com)
- Financial Survey: Altisource Residential (RESI) vs. Silver Bay Realty Trust (SBY) (americanbankingnews.com)
- Altisource Residential Corp (RESI) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
A number of brokerages have recently issued reports on RESI. Zacks Investment Research cut Altisource Residential from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. BidaskClub upgraded Altisource Residential from a “strong sell” rating to a “sell” rating in a report on Saturday, November 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Altisource Residential has an average rating of “Hold” and a consensus target price of $15.43.
Shares of Altisource Residential (RESI) opened at $11.31 on Wednesday. Altisource Residential has a fifty-two week low of $10.37 and a fifty-two week high of $15.66. The stock has a market capitalization of $610.38, a PE ratio of -2.90 and a beta of 1.95.
Altisource Residential (NYSE:RESI) last issued its earnings results on Tuesday, November 7th. The real estate investment trust reported ($0.80) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.46) by ($0.34). Altisource Residential had a negative return on equity of 21.64% and a negative net margin of 266.58%. analysts expect that Altisource Residential will post -3.36 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date of this dividend was Thursday, December 28th. Altisource Residential’s payout ratio is currently -15.38%.
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About Altisource Residential
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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