Altisource Residential Corporation (RESI) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its position in shares of Altisource Residential Corporation (NYSE:RESI) by 0.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,783,549 shares of the real estate investment trust’s stock after buying an additional 10,261 shares during the period. Vanguard Group Inc. owned approximately 7.05% of Altisource Residential Corporation worth $57,698,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in shares of Altisource Residential Corporation during the fourth quarter worth approximately $6,813,000. Boston Partners boosted its stake in shares of Altisource Residential Corporation by 2.2% in the first quarter. Boston Partners now owns 129,716 shares of the real estate investment trust’s stock valued at $1,978,000 after buying an additional 2,829 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Altisource Residential Corporation by 46.7% in the first quarter. California Public Employees Retirement System now owns 152,700 shares of the real estate investment trust’s stock valued at $2,329,000 after buying an additional 48,600 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Altisource Residential Corporation by 59.4% in the first quarter. UBS Asset Management Americas Inc. now owns 33,959 shares of the real estate investment trust’s stock valued at $518,000 after buying an additional 12,659 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Altisource Residential Corporation by 3,777.6% in the first quarter. Van ECK Associates Corp now owns 113,382 shares of the real estate investment trust’s stock valued at $1,729,000 after buying an additional 110,458 shares during the last quarter. 74.09% of the stock is owned by hedge funds and other institutional investors.

Shares of Altisource Residential Corporation (NYSE:RESI) opened at 12.22 on Friday. Altisource Residential Corporation has a 12 month low of $9.86 and a 12 month high of $15.66. The stock’s 50 day moving average price is $12.78 and its 200-day moving average price is $13.70. The firm’s market capitalization is $652.05 million.

Altisource Residential Corporation (NYSE:RESI) last announced its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported ($1.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.74) by $0.30. Altisource Residential Corporation had a negative net margin of 378.17% and a negative return on equity of 21.82%. The firm had revenue of $30.10 million during the quarter, compared to analyst estimates of $32.55 million. During the same period last year, the firm earned ($1.16) EPS. Altisource Residential Corporation’s quarterly revenue was up 250.0% on a year-over-year basis. On average, equities analysts anticipate that Altisource Residential Corporation will post ($1.89) earnings per share for the current fiscal year.

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Several analysts have issued reports on RESI shares. Zacks Investment Research upgraded Altisource Residential Corporation from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective on the stock in a research note on Wednesday, May 3rd. ValuEngine upgraded Altisource Residential Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub cut Altisource Residential Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Northland Securities restated a “buy” rating and set a $17.00 price objective on shares of Altisource Residential Corporation in a research note on Thursday, August 10th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $15.67.

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.

Institutional Ownership by Quarter for Altisource Residential Corporation (NYSE:RESI)

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