About Altisource Residential (NYSE:RESI)
Front Yard Residential Corporation, formerly 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. The Company also converts a portion of the real estate owned (REO) properties that it acquires through resolution of its mortgage loans into SFR properties. The Company has also entered into property management service agreements with two third-party property managers: Altisource Portfolio Solutions, SA (ASPS) and Main Street Renewal, LLC (MSR), to provide, among other things, leasing and lease management, operations, maintenance, repair and property management services in respect of its SFR portfolios. The Company had 10,533 properties, consisting of 9,939 properties held for use and 594 held for sale.
Industry, Sector and Symbol
Industry Real estate
Sub-IndustryN/A
SectorFinance
SymbolNYSE:RESI
CUSIPN/A
Phone340-692-1055
Debt
Debt-to-Equity RatioN/A
Current Ratio3.22%
Quick Ratio3.22%
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$94.17 million
Price / Sales5.46
Cash FlowN/A
Price / CashN/A
Book Value$12.06 per share
Price / Book0.80
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$-185,450,000.00
Net Margins-196.93%
Return on Equity-25.77%
Return on Assets-9.37%
Miscellaneous
EmployeesN/A
Outstanding Shares53,450,000
Altisource Residential (NYSE:RESI) Frequently Asked Questions
What is Altisource Residential's stock symbol?
Altisource Residential trades on the New York Stock Exchange (NYSE) under the ticker symbol "RESI."
How often does Altisource Residential pay dividends? What is the dividend yield for Altisource Residential?
Altisource Residential declared a quarterly dividend on Wednesday, March 21st. Stockholders of record on Friday, March 30th will be given a dividend of $0.15 per share on Friday, April 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date is Wednesday, March 28th. View Altisource Residential's Dividend History.
How were Altisource Residential's earnings last quarter?
Altisource Residential Corp (NYSE:RESI) issued its quarterly earnings data on Thursday, March, 1st. The real estate investment trust reported ($0.70) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.59) by $0.11. The real estate investment trust had revenue of $27.80 million for the quarter, compared to the consensus estimate of $32.77 million. Altisource Residential had a negative return on equity of 25.77% and a negative net margin of 196.93%. Altisource Residential's quarterly revenue was up 129.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.14) EPS. View Altisource Residential's Earnings History.
When is Altisource Residential's next earnings date?
What price target have analysts set for RESI?
2 brokers have issued 12 month price objectives for Altisource Residential's stock. Their forecasts range from $15.00 to $17.00. On average, they anticipate Altisource Residential's share price to reach $16.00 in the next year. View Analyst Ratings for Altisource Residential.
Are investors shorting Altisource Residential?
Altisource Residential saw a increase in short interest during the month of March. As of March 29th, there was short interest totalling 2,516,501 shares, an increase of 93.7% from the March 15th total of 1,299,195 shares. Based on an average daily trading volume, of 441,023 shares, the days-to-cover ratio is presently 5.7 days. Approximately 5.2% of the company's shares are sold short.
Who are some of Altisource Residential's key competitors?
Some companies that are related to Altisource Residential include MainSource Financial Group (MSFG), Kearny Financial (KRNY), Hannon Armstrong (HASI), CareTrust REIT (CTRE), Hercules Technology Growth Capital (HTGC), Stewart Information Services (STC), CYS Investments (CYS), Getty Realty (GTY), New Mountain Finance (NMFC), Re/Max (RMAX), Triumph Bancorp (TBK), PJT Partners (PJT), Hanmi Financial (HAFC), National Bank (NBHC), Live Oak Bank (LOB), Compass Diversified (CODI), NEXT Co.,Ltd. (NXCLF) and Brewin Dolphin (BRW).
Who are Altisource Residential's key executives?
Altisource Residential's management team includes the folowing people:
- David B. Reiner, Independent Chairman of the Board (Age 61)
- George G. Ellison, President, Chief Executive Officer, Director (Age 58)
- Robin N. Lowe, Chief Financial Officer (Age 52)
- Rene Dittrich, Chief Accounting Officer (Age 45)
- Stephen H. Gray, Chief Administrative Officer, Senior Counsel (Age 46)
- Michael G. Lubin, General Counsel, Secretary (Age 41)
- Salah Saabneh, Director (Age 45)
- Rochelle R. Dobbs, Independent Director (Age 55)
- Michael A. Eruzione, Independent Director (Age 62)
- Wade J. Henderson, Independent Director (Age 68)
Has Altisource Residential been receiving favorable news coverage?
News stories about RESI stock have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Altisource Residential earned a media sentiment score of 0.13 on Accern's scale. They also assigned news stories about the real estate investment trust an impact score of 45.07 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
How do I buy shares of Altisource Residential?
Shares of RESI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Altisource Residential's stock price today?
One share of RESI stock can currently be purchased for approximately $9.63.
How big of a company is Altisource Residential?
Altisource Residential has a market capitalization of $520.58 million and generates $94.17 million in revenue each year.
How can I contact Altisource Residential?
Altisource Residential's mailing address is 5100 TAMARIND REEF, CHRISTIANSTED VI, 00820. The real estate investment trust can be reached via phone at 340-692-1055.
MarketBeat Community Rating for Altisource Residential (RESI)
MarketBeat's community ratings are surveys of what our community members think about Altisource Residential and other stocks. Vote "Outperform" if you believe RESI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RESI will underperform the S&P 500 over the long term. You may vote once every thirty days.
Altisource Residential (NYSE:RESI) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
2 Wall Street analysts have issued ratings and price targets for Altisource Residential in the last 12 months. Their average twelve-month price target is $16.00, suggesting that the stock has a possible upside of 66.32%. The high price target for RESI is $17.00 and the low price target for RESI is $15.00. There are currently 2 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 3.00 | 2.80 | 2.67 | 2.50 |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $16.00 | $16.00 | $15.6667 | $15.5714 |
| Price Target Upside: | 66.32% upside | 47.87% upside | 27.79% upside | 27.01% upside |
Altisource Residential (NYSE:RESI) Consensus Price Target History
Altisource Residential (NYSE:RESI) Analyst Ratings History
Show:
(Data available from 4/19/2016 forward)
Altisource Residential (NYSE:RESI) Dividend Information
Altisource Residential pays an annual dividend of $0.60 per share, with a dividend yield of 6.24%. RESI's most recent quarterly dividend payment was Friday, April 13. The company has grown its dividend for the last 4 consecutive years and is increasing its dividend by an average of -32.50% each year.
| Most Recent Dividend: | 4/13/2018 |
| Annual Dividend: | $0.60 |
| Dividend Yield: | 6.24% |
| Dividend Growth: | -32.50% (3 Year Average) |
| Payout Ratio: | -38.71% (Based on This Year's Estimates)
-63.16% (Based on Next Year's Estimates)
|
| Track Record: | 4 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Altisource Residential (NYSE:RESI) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/21/2018 | quarterly | $0.15 | 5.95% | 3/28/2018 | 3/30/2018 | 4/13/2018 |
| 12/19/2017 | Quarterly | $0.15 | 5.03% | 12/28/2017 | 12/29/2017 | 1/12/2018 |
| 9/20/2017 | quarterly | $0.15 | 5.49% | 9/28/2017 | 9/29/2017 | 10/13/2017 |
| 6/20/2017 | quarterly | $0.15 | 4.63% | 6/28/2017 | 6/30/2017 | 7/14/2017 |
| 3/22/2017 | quarterly | $0.15 | 4.29% | 3/29/2017 | 3/31/2017 | 4/13/2017 |
| 12/21/2016 | quarterly | $0.15 | 5.26% | 12/28/2016 | 12/30/2016 | 1/13/2017 |
| 9/27/2016 | quarterly | $0.15 | 5.58% | 10/4/2016 | 10/6/2016 | 10/14/2016 |
| 6/21/2016 | quarterly | $0.15 | 6.31% | 6/28/2016 | 6/30/2016 | 7/15/2016 |
| 3/25/2016 | quarterly | $0.15 | 5.27% | 3/31/2016 | 4/4/2016 | 4/14/2016 |
| 3/1/2016 | special | $0.15 | 4.3% | 3/8/2016 | 3/10/2016 | 3/17/2016 |
| 12/22/2015 | quarterly | $0.10 | 3.01% | 12/29/2015 | 12/31/2015 | 1/15/2016 |
| 9/21/2015 | quarterly | $0.55 | 13.15% | 9/28/2015 | 9/30/2015 | 10/15/2015 |
| 6/19/2015 | quarterly | $0.55 | 12.07% | 6/26/2015 | 6/30/2015 | 7/15/2015 |
| 4/2/2015 | quarterly | $0.55 | 10.17% | 4/9/2015 | 4/13/2015 | 4/23/2015 |
| 3/12/2015 | special | $0.08 | 10.45% | 3/19/2015 | 3/23/2015 | 3/30/2015 |
| 12/15/2014 | quarterly | $0.55 | 10.84% | 12/18/2014 | 12/22/2014 | 12/31/2014 |
| 9/5/2014 | quarterly | $0.55 | 8.58% | 9/11/2014 | 9/15/2014 | 9/30/2014 |
| 5/29/2014 | quarterly | $0.45 | 6.45% | 6/5/2014 | 6/9/2014 | 6/23/2014 |
| 3/6/2014 | quarterly | $0.40 | 5.32% | 3/13/2014 | 3/17/2014 | 3/24/2014 |
| 2/20/2014 | special | $0.08 | 3.62% | 2/27/2014 | 3/3/2014 | 3/10/2014 |
| 12/2/2013 | quarterly | $0.25 | 3.45% | 12/11/2013 | 12/13/2013 | 12/20/2013 |
| 9/10/2013 | special | $0.10 | | 9/17/2013 | 9/19/2013 | 9/30/2013 |
| 9/9/2013 | quarterly | $0.10 | | | 9/19/2013 | 9/30/2013 |
(Data available from 1/1/2013 forward)
Altisource Residential (NYSE RESI) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.47%
Institutional Ownership Percentage: 79.28%
Altisource Residential (NYSE RESI) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/11/2017 | George G. Ellison | CEO | Buy | 10,000 | $14.24 | $142,400.00 | |  |
| 3/3/2017 | George G. Ellison | CEO | Buy | 20,000 | $14.47 | $289,400.00 | | |
| 11/17/2016 | David B. Reiner | Director | Buy | 3,500 | $11.57 | $40,495.00 | | |
| 11/10/2016 | George G. Ellison | CEO | Buy | 22,000 | $11.30 | $248,600.00 | | |
| 3/2/2016 | George G Ellison | CEO | Buy | 26,000 | $9.57 | $248,820.00 | 153,000 | |
| 11/16/2015 | David B Reiner | Director | Buy | 7,500 | $12.90 | $96,750.00 | 13,420 | |
| 11/11/2015 | George G Ellison | CEO | Buy | 37,000 | $13.76 | $509,120.00 | 127,000 | |
| 8/14/2015 | George G Ellison | President | Buy | 34,000 | $14.85 | $504,900.00 | | |
| 8/14/2015 | Robin N Lowe | CFO | Buy | 7,000 | $14.48 | $101,360.00 | | |
| 5/13/2015 | George G Ellison | President | Buy | 56,000 | $17.98 | $1,006,880.00 | | |
| 5/9/2014 | Ashish Pandey | CEO | Buy | 10,000 | $25.81 | $258,100.00 | 40,011 | |
| 2/25/2014 | Salah Saabneh | EVP | Buy | 2,500 | $28.58 | $71,450.00 | 7,200 | |
| 2/24/2014 | Ashish Pandey | CEO | Buy | 10,000 | $27.21 | $272,100.00 | 30,011 | |
| 2/24/2014 | Kenneth Najour | CFO | Buy | 2,000 | $27.44 | $54,880.00 | 12,000 | |
| 5/31/2013 | Michael A Eruzione | Director | Buy | 1,000 | $18.30 | $18,300.00 | | |
| 5/24/2013 | Ashish Pandey | CEO | Buy | 10,000 | $18.34 | $183,400.00 | | |
| 5/24/2013 | Salah Saabneh | EVP | Buy | 4,500 | $18.48 | $83,160.00 | | |
| 5/13/2013 | David B Reiner | Director | Buy | 1,000 | $18.94 | $18,940.00 | | |
| 5/13/2013 | Kenneth D Najour | CFO | Buy | 10,000 | $19.00 | $190,000.00 | | |
(Data available from 1/1/2013 forward)
Altisource Residential (NYSE RESI) News Headlines
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Altisource Residential (NYSE:RESI) SEC Filings
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Altisource Residential (NYSE:RESI) Income Statement, Balance Sheet and Cash Flow Statement
Altisource Residential (NYSE RESI) Stock Chart for Thursday, April, 19, 2018
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