Last $21.29 USD
Change Today +0.64 / 3.10%
Volume 121.8K
RESI On Other Exchanges
Symbol
Exchange
New York
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As of 10:39 AM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

altisource residential corp (RESI) Snapshot

Open
$20.74
Previous Close
$20.65
Day High
$21.38
Day Low
$20.74
52 Week High
03/24/14 - $32.24
52 Week Low
01/13/15 - $16.00
Market Cap
1.2B
Average Volume 10 Days
701.1K
EPS TTM
$3.33
Shares Outstanding
57.2M
EX-Date
12/18/14
P/E TM
6.4x
Dividend
$2.20
Dividend Yield
9.16%
Current Stock Chart for ALTISOURCE RESIDENTIAL CORP (RESI)

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altisource residential corp (RESI) Details

Altisource Residential Corporation, through its wholly-owned subsidiary, Altisource Residential, L.P., focuses on acquiring, owning, and managing single-family rental properties in the United States. The company acquires its single-family properties primarily through the acquisition of sub-performing and non-performing loan portfolios. 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 Management Changes

Altisource Residential Corporation announced that William C. Erbey is stepping down from his position as Director and Chairman of the Board of Directors of the company, effective January 16, 2015. The company also announced that David B. Reiner, a current independent Director of the company, has been appointed Chairman, effective January 16, 2015. Mr. Erbey, who has been Chairman since inception, is stepping down in connection with the Consent Order entered into by Ocwen Financial Corporation with the New York Department of Financial Services. Mr. Reiner has been a Director of Residential and has served as the Chairman of the Compensation Committee and a member of the Audit Committee and Nomination/Governance Committee since 2012. Mr. Reiner currently is a Managing Director with Regional Real Estate Investment Corporation. Mr. Reiner served as a Managing Director of Grosvenor Investment Management US Inc.

Altisource Residential Corporation Declares Quarterly Cash Dividend, Payable on December 31, 2014

Altisource Residential Corporation 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 December 31, 2014 to all stockholders of record as of the close of business on December 22, 2014.

Altisource Residential Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Altisource Residential Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the period, the company’s net income totaled $37.7 million, or $0.66 per diluted share, compared to net income of $13.7 million, or $0.53 per diluted share, for third quarter of 2013. Total revenue was $109.1 million compared to $19.741 million a year ago. Income before income taxes was $37.726 million compared to $13.709 million a year ago. Book value per share at the end of the quarter was $23.3. The company's estimated taxable income for the quarter was $38.7 million compared to an estimated taxable income of $5 million in the third quarter of 2013 and $26.5 million in the second quarter of 2014, up sequentially 46% over the second quarter of 2014. . For the nine months, the company’s net income totaled $147.371 million, or $2.62 per diluted share, compared to net income of $17.952 million, or $0.98 per diluted share, for third quarter of 2013. Total revenue was $301.087 million compared to $30.352 million a year ago. Income before income taxes was $147.447 million compared to $17.952 million a year ago. Estimated income before income taxes were $90,962,000.

 

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RESI

Industry Average

Valuation RESI Industry Range
Price/Earnings 6.5x
Price/Sales 3.4x
Price/Book 0.9x
Price/Cash Flow 7.0x
TEV/Sales NM Not Meaningful
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