Altisource Residential Corporation Company Profile (NYSE:RESI)

About Altisource Residential Corporation (NYSE:RESI)

Altisource Residential Corporation logoAltisource 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. As of December 31, 2016, the Company had 10,533 properties, consisting of 9,939 properties held for use and 594 held for sale.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Residential REITs
  • Sub-Industry: N/A
  • Symbol: NYSE:RESI
  • CUSIP: N/A
  • Web:
  • Market Cap: $587.48 million
  • Outstanding Shares: 53,359,000
Average Prices:
  • 50 Day Moving Avg: $11.14
  • 200 Day Moving Avg: $12.96
  • 52 Week Range: $9.86 - $15.66
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -10.19
  • P/E Growth: -0.41
Sales & Book Value:
  • Annual Revenue: $59.21 million
  • Price / Sales: 9.92
  • Book Value: $13.86 per share
  • Price / Book: 0.79
  • Annual Dividend: $0.60
  • Dividend Yield: 5.5%
  • EBITDA: ($88,760,000.00)
  • Net Margins: -378.17%
  • Return on Equity: -21.82%
  • Return on Assets: -8.37%
  • Current Ratio: 4.68%
  • Quick Ratio: 4.68%
  • Average Volume: 250,555 shs.
  • Beta: 1.98
  • Short Ratio: 2.52

Frequently Asked Questions for Altisource Residential Corporation (NYSE:RESI)

What is Altisource Residential Corporation's stock symbol?

Altisource Residential Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "RESI."

How often does Altisource Residential Corporation pay dividends? What is the dividend yield for Altisource Residential Corporation?

Altisource Residential Corporation announced a quarterly dividend on Wednesday, September 20th. Investors of record on Friday, September 29th will be paid a dividend of $0.15 per share on Friday, October 13th. This represents a $0.60 annualized dividend and a yield of 5.45%. The ex-dividend date of this dividend is Thursday, September 28th. View Altisource Residential Corporation's Dividend History.

How were Altisource Residential Corporation's earnings last quarter?

Altisource Residential Corporation (NYSE:RESI) announced its quarterly earnings data on Tuesday, August, 8th. The company reported ($1.04) earnings per share for the quarter, missing the consensus estimate of ($0.74) by $0.30. The firm earned $30.10 million during the quarter, compared to the consensus estimate of $32.55 million. Altisource Residential Corporation had a negative net margin of 378.17% and a negative return on equity of 21.82%. The company's quarterly revenue was up 250.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.16) earnings per share. View Altisource Residential Corporation's Earnings History.

When will Altisource Residential Corporation make its next earnings announcement?

Altisource Residential Corporation is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Altisource Residential Corporation.

Where is Altisource Residential Corporation's stock going? Where will Altisource Residential Corporation's stock price be in 2017?

8 brokers have issued 12-month price objectives for Altisource Residential Corporation's shares. Their forecasts range from $14.00 to $18.00. On average, they expect Altisource Residential Corporation's stock price to reach $15.57 in the next year. View Analyst Ratings for Altisource Residential Corporation.

What are analysts saying about Altisource Residential Corporation stock?

Here are some recent quotes from research analysts about Altisource Residential Corporation stock:

  • 1. According to Zacks Investment Research, "Altisource Residential Corporation is engaged in the acquisition and ownership of single-family rental assets. Altisource Residential Corporation is based in Frederiksted, U.S. " (10/4/2017)
  • 2. Deutsche Bank AG analysts commented, "Legacy loan and REO overhang should be removed by YE17; Maintain Buy. We are reiterating our Buy rating as RESI divests its legacy loan and REO assets to redeploy capital into core SFR investments. Generally, while rising home prices and falling foreclosures may act as headwinds for SFR portfolio growth, RESI has demonstrated an ability to source bulk acquisitions that meet its investment profile in recent quarters. We believe RESI's higher yielding SFR focus is well positioned for growth (vs. SFR peers targeting higher-end tenants) as less operationally-efficient "mom and pop" and private institutional investors look to exit the space." (3/22/2017)
  • 3. Instinet analysts commented, "Although operational progress made at RESI is now well recognized, there is still plenty of fuel in the tank'investors should continue to enjoy the ride. We reiterate our Buy rating and are raising our TP from $15 to $18. We are also revising our Core FFO figures for both 2017 and 2018. Our TP change and earnings revision should be viewed through the following lens'we are now able to project estimates on a material number of rental homes and a key driver for earnings growth is the pace at which capital can be recycled from the legacy business. Particularly because of the latter point, 2018 is much more important than 2017 as it is the first full year where most of the capital freed from distressed asset and loan sales contributes to earnings. In our view, 2017 earnings do not accurately reflect returns that RESI can generate. We are lowering our 2017 Core FFO/share estimate from $0.96 to $0.62 and revising 2018 Core FFO/ share to from $1.30 to $1.20. 2017 Core FFO is roughly triple 2016's level and it should double in 2018 and investors should see the full value of this transition." (3/20/2017)

Are investors shorting Altisource Residential Corporation?

Altisource Residential Corporation saw a increase in short interest in the month of September. As of September 29th, there was short interest totalling 1,503,126 shares, an increase of 45.5% from the September 15th total of 1,033,073 shares. Based on an average daily volume of 248,912 shares, the days-to-cover ratio is presently 6.0 days. Approximately 3.3% of the shares of the company are short sold.

Who are some of Altisource Residential Corporation's key competitors?

Who are Altisource Residential Corporation's key executives?

Altisource Residential Corporation's management team includes the folowing people:

  • David B. Reiner, Independent Chairman of the Board
  • George G. Ellison, President, Chief Executive Officer, Director
  • Robin N. Lowe, Chief Financial Officer
  • Rene Dittrich, Chief Accounting Officer
  • Stephen H. Gray, Chief Administrative Officer, Senior Counsel
  • Michael G. Lubin, General Counsel, Secretary
  • Salah Saabneh, Director
  • Rochelle R. Dobbs, Independent Director
  • Michael A. Eruzione, Independent Director
  • Wade J. Henderson, Independent Director

How do I buy Altisource Residential Corporation stock?

Shares of Altisource Residential Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Altisource Residential Corporation's stock price today?

One share of Altisource Residential Corporation stock can currently be purchased for approximately $11.01.

MarketBeat Community Rating for Altisource Residential Corporation (NYSE RESI)
Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  147 (Vote Outperform)
Underperform Votes:  147 (Vote Underperform)
Total Votes:  294
MarketBeat's community ratings are surveys of what our community members think about Altisource Residential Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Altisource Residential Corporation (NYSE:RESI) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 4 Hold Ratings, 4 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $15.57 (41.43% upside)
Consensus Price Target History for Altisource Residential Corporation (NYSE:RESI)
Price Target History for Altisource Residential Corporation (NYSE:RESI)
Analysts' Ratings History for Altisource Residential Corporation (NYSE:RESI)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/10/2017Northland SecuritiesReiterated RatingBuy$17.00HighView Rating Details
3/22/2017Deutsche Bank AGLower Price TargetBuy$17.50 -> $16.00LowView Rating Details
3/20/2017InstinetReiterated RatingBuy$15.00 -> $18.00LowView Rating Details
3/20/2017Citigroup Inc.Boost Price TargetNeutral$11.00 -> $14.00MediumView Rating Details
3/2/2017Keefe, Bruyette & WoodsReiterated RatingHold$14.00N/AView Rating Details
2/27/2017Credit Suisse GroupInitiated CoverageOutperform$15.00N/AView Rating Details
11/30/2016J P Morgan Chase & CoBoost Price TargetNeutral$14.00 -> $15.00N/AView Rating Details
11/24/2016JMP SecuritiesReiterated RatingHoldN/AView Rating Details
9/23/2016NomuraReiterated RatingBuy$15.00N/AView Rating Details
3/1/2016Compass PointReiterated RatingBuy$17.00 -> $14.00N/AView Rating Details
(Data available from 10/20/2015 forward)


Earnings History for Altisource Residential Corporation (NYSE:RESI)
Earnings by Quarter for Altisource Residential Corporation (NYSE:RESI)
Earnings History by Quarter for Altisource Residential Corporation (NYSE RESI)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/6/2017($0.34)N/AView Earnings Details
8/8/20176/30/2017($0.74)($1.04)$32.55 million$30.10 millionViewListenView Earnings Details
5/9/20173/31/2017($0.59)($0.92)$33.38 million$29.30 millionViewListenView Earnings Details
3/1/201712/31/2016($0.51)($1.14)$24.07 million$12.06 millionViewListenView Earnings Details
11/7/2016Q316($0.48)($1.06)$27.97 million$4.40 millionViewListenView Earnings Details
8/8/2016Q216$0.14($1.16)$76.52 million$0.24 millionViewListenView Earnings Details
5/9/2016Q116($0.06)($0.82)$59.18 million$40.10 millionViewListenView Earnings Details
2/29/2016Q415$0.18($1.18)$71.76 million$24.14 millionViewListenView Earnings Details
11/9/2015Q315$0.39($0.09)$84.46 million$58.50 millionViewListenView Earnings Details
8/10/2015Q215$0.57$0.23$95.58 million$76.50 millionViewListenView Earnings Details
5/7/2015Q414$0.57$0.22$108.06 million$88.90 millionViewN/AView Earnings Details
3/2/2015Q4$0.61$0.72$101.96 million$122.20 millionViewN/AView Earnings Details
11/4/2014Q314$0.76$0.66$114.96 million$109.10 millionViewN/AView Earnings Details
7/22/2014Q214$0.65$1.18$78.21 million$116.04 millionViewN/AView Earnings Details
4/29/2014Q114$0.75$0.77$55.00 million$69.00 millionViewN/AView Earnings Details
2/20/2014Q413$0.19$0.50$34.76 million$30.00 millionViewN/AView Earnings Details
10/22/2013Q313$0.05$0.53$17.49 million$19.59 millionViewN/AView Earnings Details
7/23/2013Q213($0.10)$0.26ViewN/AView Earnings Details
5/9/2013($0.13)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Altisource Residential Corporation (NYSE:RESI)
Current Year EPS Consensus Estimate: $-2.62 EPS
Next Year EPS Consensus Estimate: $-1.08 EPS


Current Dividend Information for Altisource Residential Corporation (NYSE:RESI)
Most Recent Dividend:10/13/2017
Annual Dividend:$0.60
Dividend Yield:5.45%
Dividend Growth:16.30% (3 Year Average)
Payout Ratio:-14.42% (Trailing 12 Months of Earnings)
-22.90% (Based on This Year's Estimates)
-55.56% (Based on Next Year's Estimates)
Track Record:3 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Altisource Residential Corporation (NYSE:RESI)

Dividend History by Quarter for Altisource Residential Corporation (NYSE RESI)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Altisource Residential Corporation (NYSE:RESI)
Insider Ownership Percentage: 0.47%
Institutional Ownership Percentage: 73.49%
Insider Trades by Quarter for Altisource Residential Corporation (NYSE:RESI)
Institutional Ownership by Quarter for Altisource Residential Corporation (NYSE:RESI)
Insider Trades by Quarter for Altisource Residential Corporation (NYSE:RESI)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/11/2017George G. EllisonCEOBuy10,000$14.24$142,400.00View SEC Filing  
3/3/2017George G. EllisonCEOBuy20,000$14.47$289,400.00View SEC Filing  
11/17/2016David B. ReinerDirectorBuy3,500$11.57$40,495.00View SEC Filing  
11/10/2016George G. EllisonCEOBuy22,000$11.30$248,600.00View SEC Filing  
3/2/2016George G EllisonCEOBuy26,000$9.57$248,820.00View SEC Filing  
11/16/2015David B ReinerDirectorBuy7,500$12.90$96,750.00View SEC Filing  
11/11/2015George G EllisonCEOBuy37,000$13.76$509,120.00View SEC Filing  
8/14/2015George G EllisonPresidentBuy34,000$14.85$504,900.00View SEC Filing  
8/14/2015Robin N LoweCFOBuy7,000$14.48$101,360.00View SEC Filing  
5/13/2015George G EllisonPresidentBuy56,000$17.98$1,006,880.00View SEC Filing  
5/9/2014Ashish PandeyCEOBuy10,000$25.81$258,100.00View SEC Filing  
2/25/2014Salah SaabnehEVPBuy2,500$28.58$71,450.00View SEC Filing  
2/24/2014Ashish PandeyCEOBuy10,000$27.21$272,100.00View SEC Filing  
2/24/2014Kenneth NajourCFOBuy2,000$27.44$54,880.00View SEC Filing  
5/31/2013Michael A EruzioneDirectorBuy1,000$18.30$18,300.00View SEC Filing  
5/24/2013Ashish PandeyCEOBuy10,000$18.34$183,400.00View SEC Filing  
5/24/2013Salah SaabnehEVPBuy4,500$18.48$83,160.00View SEC Filing  
5/13/2013David B ReinerDirectorBuy1,000$18.94$18,940.00View SEC Filing  
5/13/2013Kenneth D NajourCFOBuy10,000$19.00$190,000.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Altisource Residential Corporation (NYSE:RESI)
Latest Headlines for Altisource Residential Corporation (NYSE:RESI)
DateHeadline logoAltisource Residential Corporation (RESI) Short Interest Update - October 17 at 2:50 AM logoZacks Investment Research Lowers Altisource Residential Corporation (RESI) to Hold - October 8 at 9:16 PM logoAltisource Residential Corporation (RESI) versus United Dominion Realty Trust (UDR) Critical Comparison - October 7 at 4:10 PM logoAltisource Residential Corporation (RESI) Given Consensus Recommendation of "Hold" by Brokerages - October 7 at 4:52 AM logoCritical Survey: Altisource Residential Corporation (RESI) and The Competition - October 5 at 6:26 AM logoCritical Comparison: AvalonBay Communities (AVB) and Altisource Residential Corporation (RESI) - October 2 at 12:22 AM logoAltisource Residential Corporation (RESI) Ex-Dividend Date Scheduled for September 28, 2017 - Nasdaq - September 27 at 11:47 PM logoCritical Comparison: Altisource Residential Corporation (RESI) & UMH Properties (UMH) - September 27 at 4:28 AM logoHead to Head Comparison: Altisource Residential Corporation (RESI) & United Dominion Realty Trust (UDR) - September 25 at 2:18 PM logoAltisource Residential Corporation Declares Quarterly Dividend of $0.15 (RESI) - September 20 at 5:28 PM logoFinancial Analysis: Altisource Residential Corporation (RESI) versus Its Competitors - September 16 at 4:24 AM logoBRIEF-New Residential and Altisource announce cooperative brokerage agreement - August 29 at 7:10 AM logoInvitation Homes: The Big Get Bigger - August 25 at 10:46 AM logoAltisource Residential Corporation (RESI) Given Consensus Rating of "Hold" by Brokerages - August 18 at 2:40 AM logoAltisource Residential Corp. 2017 Q2 - Results - Earnings Call Slides - August 10 at 7:20 AM logoAltisource Residential Corporation Reports Second Quarter 2017 Results; Over 10,000 Rental Homes, Legacy Asset Disposal on Track, Strong Operating Metrics - August 9 at 6:53 AM logoEdited Transcript of RESI earnings conference call or presentation 8-Aug-17 12:30pm GMT - August 9 at 6:53 AM logoAltisource Residential reports 2Q loss - August 9 at 6:53 AM logoAltisource Residential Corporation (NYSE:RESI) Releases Earnings Results, Misses Estimates By $0.30 EPS - August 8 at 11:39 AM logoInvestor Network: Altisource Residential Corp. to Host Earnings Call - August 8 at 6:35 AM logo$29.93 Million in Sales Expected for Altisource Residential Corporation (NYSE:RESI) This Quarter - August 7 at 9:12 AM logoAltisource Residential Corporation (NYSE:RESI) Expected to Announce Earnings of -$0.69 Per Share - August 5 at 7:06 AM logoAltisource Residential Corporation (NYSE:RESI) Short Interest Update - August 2 at 7:10 AM logoAltisource Residential Corporation (RESI) Set to Announce Earnings on Tuesday - August 1 at 7:17 AM logoAltisource Residential Corporation Schedules Conference Call for Second Quarter 2017 Results - July 25 at 5:16 PM logoAltisource Residential Corporation (RESI) Receives Average Rating of "Hold" from Brokerages - July 24 at 11:48 AM logo$35.37 Million in Sales Expected for Altisource Residential Corporation (NYSE:RESI) This Quarter - July 15 at 7:48 AM logo Analysts Expect Altisource Residential Corporation (NYSE:RESI) to Post -$0.89 EPS - July 13 at 8:26 PM logoAltisource Residential Corp. 2017 Q1 - Results - Earnings Call Slides - May 11 at 7:57 PM logoBRIEF-Altisource Residential Q1 loss per share $0.92 - May 9 at 10:49 AM logoAltisource Residential reports 1Q loss - May 9 at 9:57 AM logoAltisource Residential Corp. (RESI) - April 28 at 12:58 AM logoU.S. regulator sues Ocwen for 'deceptive practices,' shares plunge - April 21 at 12:38 AM logoUPDATE 3-U.S. regulator sues Ocwen for 'deceptive practices,' shares plunge - April 20 at 7:37 PM logoAmherst Holdings Single Family Residential Platform Sells Portfolio of 757 Homes to Altisource Residential, L.P. for ... - PR Newswire (press release) - April 3 at 12:21 AM logoAltisource Residential (RESI) to Acquire Portfolio of 757 Homes from Amherst Holdings for $106.5M - March 31 at 7:40 PM logoAltisource Residential Corporation Announces Agreement to Acquire up to 3500 Single Family Rental Homes ... - GlobeNewswire (press release) - March 31 at 8:18 AM logoAltisource Residential Corporation Announces Quarterly Cash Dividend - GlobeNewswire (press release) - March 23 at 12:26 AM logoALTISOURCE RESIDENTIAL CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits - March 21 at 7:15 PM logoAltisource Residential Corporation Announces Quarterly Cash Dividend - March 21 at 6:37 PM logoAltisource Residential +3.5% after Q4 results - Seeking Alpha - March 2 at 12:47 AM logoAltisource Residential Corp. 2016 Q4 - Results - Earnings Call Slides - March 1 at 7:46 PM logoBRIEF-Altisource Residential Corp posts Q4 loss per share $1.14 - March 1 at 12:21 PM logoQ4 2016 Altisource Residential Corp Earnings Release - Before Market Open - March 1 at 12:21 PM logo7:32 am Altisource Residential misses by $0.84, misses on revs - March 1 at 12:21 PM logoAltisource Residential reports 4Q loss - March 1 at 12:21 PM logoHow These REIT Stocks are Faring? -- AGNC Investment, Altisource ... - PR Newswire (press release) - February 24 at 8:07 AM logoAltisource Residential Corporation Schedules Conference Call for Fourth Quarter and Full Year 2016 Results - GlobeNewswire (press release) - February 17 at 7:56 PM logoAltisource Portfolio Solutions' (ASPS) CEO Bill Shepro on Q4 2016 Results - Earnings Call Transcript - February 16 at 7:10 PM logoBRIEF-John Devaney reports 5.4 pct passive stake in Altisource Residential - February 2 at 11:30 PM



Altisource Residential Corporation (RESI) Chart for Friday, October, 20, 2017

This page was last updated on 10/20/2017 by Staff

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