Brokerage Firm Rating Update on Altisource Residential Corporation (RESI)

Altisource Residential Corporation (RESI) : Zacks Investment Research ranks Altisource Residential Corporation (RESI) as 5, which is a Strong Sell recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 1.5, which indicates as a Strong Buy.

Altisource Residential Corporation (RESI) : Currently there are 3 street experts covering Altisource Residential Corporation (RESI) stock. The most bullish and bearish price target for the stock is $19 and $13 respectively for the short term. The average price target of all the analysts comes to $15.5. The estimated standard deviation from the target is $2.78.


For the current week, the company shares have a recommendation consensus of Buy. Also, Nomura upgrades their rating on the shares of Altisource Residential Corporation (NYSE:RESI). The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on August 23, 2016.

Altisource Residential Corporation (NYSE:RESI): stock was range-bound between the intraday low of $10.895 and the intraday high of $11.2 after having opened at $11.13 on Wednesdays session. The stock finally closed in the red at $11.13, a loss of -2.42%. The stock remained in the red for the whole trading day. The total traded volume was 349,537 shares. The stock failed to cross $11.2 in Wednesdays trading. The stocks closing price on Thursday was $11.18.

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 Altisources inspection and estimating application. It is managed by Altisource Asset Management Corporation (AAMC).

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