Altisource Residential Corporation (RESI) Upgraded at BidaskClub

BidaskClub upgraded shares of Altisource Residential Corporation (NYSE:RESI) from a strong sell rating to a sell rating in a report released on Saturday morning.

Several other research firms also recently commented on RESI. Northland Securities reaffirmed a buy rating and set a $17.00 price objective on shares of Altisource Residential Corporation in a report on Thursday, August 10th. Zacks Investment Research raised shares of Altisource Residential Corporation from a sell rating to a buy rating and set a $14.00 price objective on the stock in a report on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $15.38.

Shares of Altisource Residential Corporation (RESI) opened at $10.93 on Friday. Altisource Residential Corporation has a fifty-two week low of $10.37 and a fifty-two week high of $15.66.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Altisource Residential Corporation during the third quarter valued at about $186,000. Schwab Charles Investment Management Inc. increased its position in shares of Altisource Residential Corporation by 5.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 477,745 shares of the real estate investment trust’s stock valued at $5,308,000 after buying an additional 26,465 shares during the period. Tahithromos L.L.C. increased its position in shares of Altisource Residential Corporation by 21.3% during the third quarter. Tahithromos L.L.C. now owns 725,335 shares of the real estate investment trust’s stock valued at $8,058,000 after buying an additional 127,457 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Altisource Residential Corporation during the third quarter valued at about $231,000. Finally, SG Americas Securities LLC increased its position in shares of Altisource Residential Corporation by 73.5% during the third quarter. SG Americas Securities LLC now owns 15,248 shares of the real estate investment trust’s stock valued at $169,000 after buying an additional 6,462 shares during the period. Hedge funds and other institutional investors own 72.09% of the company’s stock.

About Altisource Residential Corporation

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.

Analyst Recommendations for Altisource Residential Corporation (NYSE:RESI)

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