Front Yard Residential (NYSE:RESI) Share Price Passes Above Fifty Day Moving Average of $11.92

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Front Yard Residential Corp (NYSE:RESI)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $11.92 and traded as high as $11.38. Front Yard Residential shares last traded at $11.35, with a volume of 6,590 shares.

A number of equities analysts have recently commented on RESI shares. Zacks Investment Research lowered Front Yard Residential from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. Northland Securities restated a “buy” rating and set a $15.00 price target on shares of Front Yard Residential in a research note on Wednesday, May 8th.

The stock has a market cap of $606.02 million, a PE ratio of 51.36 and a beta of 1.26. The business’s 50 day moving average price is $11.91.

In other Front Yard Residential news, major shareholder Deer Park Road Management Comp sold 9,780 shares of Front Yard Residential stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $12.23, for a total transaction of $119,609.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Rochelle R. Dobbs acquired 25,000 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were bought at an average cost of $10.87 per share, for a total transaction of $271,750.00. Following the completion of the acquisition, the director now directly owns 23,642 shares of the company’s stock, valued at approximately $256,988.54. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 45,000 shares of company stock worth $501,450 and have sold 247,917 shares worth $2,992,792. Insiders own 0.88% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in shares of Front Yard Residential by 7.3% in the 1st quarter. FMR LLC now owns 3,960,042 shares of the real estate investment trust’s stock worth $36,709,000 after acquiring an additional 270,400 shares in the last quarter. Monarch Partners Asset Management LLC boosted its holdings in shares of Front Yard Residential by 148.4% in the 2nd quarter. Monarch Partners Asset Management LLC now owns 1,066,574 shares of the real estate investment trust’s stock worth $13,034,000 after acquiring an additional 637,174 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Front Yard Residential by 0.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 896,466 shares of the real estate investment trust’s stock worth $10,955,000 after acquiring an additional 2,430 shares in the last quarter. Norges Bank acquired a new position in shares of Front Yard Residential in the 4th quarter worth approximately $7,025,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Front Yard Residential by 32.5% in the 4th quarter. Geode Capital Management LLC now owns 681,675 shares of the real estate investment trust’s stock worth $5,951,000 after acquiring an additional 167,255 shares in the last quarter. 73.90% of the stock is currently owned by institutional investors.

Front Yard Residential Company Profile (NYSE:RESI)

Front Yard is an industry leader in providing quality, affordable rental homes to America's families. Our homes offer exceptional value in a variety of suburban communities that have easy accessibility to metropolitan areas. Front Yard's tenants enjoy the space and comfort that is unique to single-family housing at reasonable prices.

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