News headlines about Altisource Residential (NYSE:RESI) have been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Altisource Residential earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.9234997036966 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern’s rankings:
- Altisource Residential Corp (RESI) Short Interest Up 93.7% in March (americanbankingnews.com)
- Altisource Residential (RESI) Cut to “Sell” at BidaskClub (americanbankingnews.com)
- Altisource Residential (RESI) Raised to Hold at BidaskClub (americanbankingnews.com)
- Zacks: Brokerages Anticipate Altisource Residential Corp (RESI) Will Announce Quarterly Sales of $33.78 Million (americanbankingnews.com)
- Altisource Residential (RESI) Stock Rating Lowered by ValuEngine (americanbankingnews.com)
NYSE RESI traded down $0.01 during trading on Tuesday, reaching $9.71. The company’s stock had a trading volume of 159,509 shares, compared to its average volume of 349,571. Altisource Residential has a one year low of $9.56 and a one year high of $15.66.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Friday, March 30th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $0.60 annualized dividend and a dividend yield of 6.18%.
RESI has been the topic of a number of research analyst reports. Zacks Investment Research lowered Altisource Residential from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 13th. JMP Securities upgraded Altisource Residential from a “market perform” rating to an “outperform” rating and set a $15.00 target price on the stock in a research note on Tuesday, January 30th. Finally, ValuEngine lowered Altisource Residential from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Altisource Residential currently has a consensus rating of “Hold” and an average price target of $15.33.
Altisource Residential Company Profile
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.
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