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Last $15.35 USD
Change Today +0.20 / 1.32%
Volume 397.9K
RESI On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

altisource residential corp (RESI) Snapshot

Open
$15.14
Previous Close
$15.15
Day High
$15.52
Day Low
$15.09
52 Week High
09/5/14 - $25.86
52 Week Low
08/12/15 - $13.85
Market Cap
878.3M
Average Volume 10 Days
480.8K
EPS TTM
$1.83
Shares Outstanding
57.2M
EX-Date
06/26/15
P/E TM
8.4x
Dividend
$2.20
Dividend Yield
14.85%
Current Stock Chart for ALTISOURCE RESIDENTIAL CORP (RESI)

altisource residential corp (RESI) Related Businessweek News

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altisource residential corp (RESI) Details

Altisource Residential Corporation, through its subsidiary, Altisource Residential, L.P., focuses on acquiring, owning, and managing single-family rental properties in the United States. It acquires its single-family rental properties primarily through the acquisition of sub-performing and non-performing loan portfolios. The company is qualified as a real estate investment trust (REIT) under the Internal Revenue Code. As a REIT, its net income would be exempt from federal taxation to the extent that it is distributed as dividends to shareholders. Altisource Residential Corporation was founded in 2012 and is based in Frederiksted, Virgin Islands.

Founded in 2012

altisource residential corp (RESI) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

altisource residential corp (RESI) Key Developments

Altisource Residential Corporation Announces Appointment of George G. Ellison, Director

On August 25, 2015, the Board of Directors of Altisource Residential Corporation increased the size of the Board to five members and appointed George G. Ellison as a director of the company to serve until the company's 2016 AGM and/or until his successor is duly elected and qualified. Mr. Ellison will continue to serve as the company's Chief Executive Officer. Mr. Ellison, age 57, has served as the company's Chief Executive Officer since March 31, 2015. Mr. Ellison has also served as Chief Executive Officer of Altisource Asset Management Corporation. There are no family relationships among Mr. Ellison and any of the company's directors and executive officers.

Altisource Residential to Purchase 1,325 Single-Family Rental Properties from Invitation Homes

Altisource Residential Corp. agreed to purchase 1,325 single-family rental homes from subsidiaries of Blackstone Group LP unit Invitation Homes for an aggregate purchase price of $112.6 million.

Altisource Residential Seeks Acquisitions

Altisource Residential Corporation (NYSE:RESI) is looking for acquisitions. George Ellison, Chief Executive Officer of Altisource said "Residential continues to implement its business model, including all opportunities for asset acquisitions that benefit the Company. These opportunities will include purchasing non-performing loan portfolios, bulk acquisitions of single-family rental properties, purchasing rental properties on a one-by-one basis and repurchasing our stock at prices that we believe are in the best."

 

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Industry Analysis

RESI

Industry Average

Valuation RESI Industry Range
Price/Earnings 8.3x
Price/Sales 2.2x
Price/Book 0.7x
Price/Cash Flow 8.0x
TEV/Sales NM Not Meaningful
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