Altisource Residential Corp (RESI) is Upgraded by Nomura to Buy

Altisource Residential Corp (RESI) was Upgraded by Nomura to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Nomura advised their investors in a research report released on Aug 23, 2016.

On the company’s financial health, Altisource Residential Corp reported $-1.16 EPS for the quarter, missing the analyst consensus estimate by $ -1.30 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $0.14.Analysts expectations of $ 50.01.During the same quarter in the previous year, the company posted $0.23 EPS.

Altisource Residential Corp closed down -0.09 points or -0.86% at $10.43 with 3,48,157 shares getting traded on Friday. Post opening the session at $10.51, the shares hit an intraday low of $10.37 and an intraday high of $10.5899 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Nov 17, 2015, David B Reiner (director) purchased 7,500 shares at $12.90 per share price. According to the SEC, on Nov 12, 2015, George G Ellison (CEO) purchased 37,000 shares at $13.76 per share price. On Aug 17, 2015, Robin N Lowe (CFO) purchased 7,000 shares at $14.48 per share price, according to the Form-4 filing with the securities and exchange commission.

Altisource Residential Corporation is a real estate investment trust (REIT). The Company is focused on acquiring owning and managing single-family rental properties throughout the United States. It acquires its single-family rental properties primarily through the acquisition of sub-performing and non-performing loan portfolios. It conducts most of its activities through its operating partnership Altisource Residential L.P. and its subsidiaries. The Company is engaged in the management of single-family rental properties using Altisource Portfolio Solutions S.A.’s (Altisource) vendor network. Its contracted relationships with manufacturers and material suppliers who are also used by Altisource enable it to manage the ordering and delivery of flooring appliances paint fixtures and lighting for renovation and unit turn work. It has direct access to Altisource’s inspection and estimating application. It is managed by Altisource Asset Management Corporation (AAMC).

Altisource Residential Corp

Leave a Reply

Altisource Residential Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Altisource Residential Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.