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Last $19.60 USD
Change Today -0.38 / -1.90%
Volume 386.8K
RESI On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

altisource residential corp (RESI) Snapshot

Open
$19.87
Previous Close
$19.98
Day High
$19.99
Day Low
$19.36
52 Week High
06/16/14 - $29.35
52 Week Low
01/13/15 - $15.94
Market Cap
1.1B
Average Volume 10 Days
433.8K
EPS TTM
$3.33
Shares Outstanding
57.2M
EX-Date
04/9/15
P/E TM
5.9x
Dividend
$2.20
Dividend Yield
11.12%
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 Declares Quarterly Cash Dividend, Payable on April 23, 2015; Announces Appointment of George G. Ellison as President

Altisource Residential Corporation (Residential or the Company) announced that it has entered into a new Asset Management Agreement (AMA) with Altisource Asset Management Corporation (AAMC). The company announced that its Board of Directors has declared a quarterly cash dividend of $0.55 per share of common stock. Residential will pay this quarterly dividend on April 23, 2015 to all stockholders of record as of the close of business on April 13, 2015. In addition, the company announced the appointment of George G. Ellison as President of the company, effective immediately. Ashish Pandey will continue to serve as the company's Chief Executive Officer. Mr. Ellison also serves as the Chief Executive Officer of AAMC. Prior to joining AAMC, Mr. Ellison had been employed for 19 years at Bank of America and its predecessor, Nationsbank. Prior to his most recent roles, Mr. Ellison was Global Head of the Structured Products division within Bank of America's Investment Banking platform. His responsibilities involved all Structured Products including RMBS, ABS, ABCP Conduit and CMBS securities, among others.

Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Altisource Residential Corporation

Glancy Binkow & Goldberg LLP announced that a class action lawsuit has been filed in the United States District Court for the District of the Virgin Islands on behalf of a class comprising purchasers of the securities of Altisource Residential Corporation (RESI or the Company) between February 7, 2013 and January 23, 2015, inclusive (the Class Period).

Altisource Residential Corporation Announces Special Cash Dividend, Payable on March 30, 2015

Altisource Residential Corporation announced that its Board of Directors has declared a special cash dividend of $0.08 per share of common stock, or an aggregate of $4.3 million based on shares outstanding. This dividend is intended to complete the distribution of 100% of Residential's taxable income for the year ended December 31, 2014. The company will pay this dividend on March 30, 2015 to all stockholders of record as of the close of business on March 23, 2015.

 

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Industry Analysis

RESI

Industry Average

Valuation RESI Industry Range
Price/Earnings 5.9x
Price/Sales 2.6x
Price/Book 0.8x
Price/Cash Flow 5.9x
TEV/Sales NM Not Meaningful
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