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Last $18.22 USD
Change Today +0.33 / 1.84%
Volume 239.2K
RESI On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 2:11 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

altisource residential corp (RESI) Snapshot

Open
$17.95
Previous Close
$17.89
Day High
$18.26
Day Low
$17.86
52 Week High
06/16/14 - $29.35
52 Week Low
01/13/15 - $15.94
Market Cap
1.0B
Average Volume 10 Days
451.5K
EPS TTM
$2.78
Shares Outstanding
57.2M
EX-Date
04/9/15
P/E TM
6.6x
Dividend
$2.20
Dividend Yield
11.96%
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 Amends Terms of the Loan and Security Agreement

On May 12, 2015, Altisource Residential Corporation, through its subsidiaries, amended the terms of the Loan and Security Agreement (the Loan Agreement") with Nomura Corporate Funding Americas, LLC (the Lender") to increase the aggregate maximum funding capacity from $100,000,000 to $200,000,000 to finance the company's real-estate owned properties. The obligations of the company's subsidiaries continue to be fully guaranteed by the company pursuant to the guaranty (the Guaranty") made by the company in favor of the Lender on April 10, 2015. All other material terms and conditions of the Loan Agreement remain the same in all material respects.

Altisource Residential Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Altisource Residential Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported rental revenues of $1,400,000 against $69,000 a year ago. Total revenues were $88,915,000 against $74,628,000 a year ago. Income before income taxes was $12,427,000 against $42,361,000 a year ago. Net income was $12,424,000 or $0.22 per diluted share against $41,913,000 or $0.77 per diluted share a year ago.

The Rosen Law Firm Reminds Altisource Residential Corporation Investors of the Important Deadline in the Class Action Filed by the Firm

The Rosen Law Firm reminds purchasers of Altisource Residential Corporation securities from February 7, 2013 through January 23, 2015 of the important May 26, 2015 lead plaintiff deadline in the class action filed by the firm. The lawsuit seeks to recover damages for Altisource Residential Corporation investors under the federal securities laws.

 

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Industry Analysis

RESI

Industry Average

Valuation RESI Industry Range
Price/Earnings 6.5x
Price/Sales 2.4x
Price/Book 0.8x
Price/Cash Flow 6.4x
TEV/Sales NM Not Meaningful
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