Deutsche Bank Maintains Altisource Residential Corp to Buy with Price Target $18.50

Brokerage firm Deutsche Bank Maintains its rating on Altisource Residential Corp(NYSE:RESI). In a research note issued to the investors, the brokerage major Lowers the price-target to $18.50 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Aug 18, 2016.

In a different note, On Aug 17, 2016, Citigroup said it Maintains its rating on Altisource Residential Corp. In the research note, the firm Raises the price-target to $9.00 per share. The shares have been rated ‘Neutral’ by the firm.

Altisource Residential Corp (RESI) made into the market gainers list on Mondays trading session with the shares advancing 0.65% or 0.07 points. Due to strong positive momentum, the stock ended at $10.76, which is also near the day’s high of $10.89. The stock began the session at $10.73 and the volume stood at 2,64,293 shares. The 52-week high of the shares is $17.0904 and the 52 week low is $7.81. The company has a current market capitalization of $586 M and it has 5,44,65,184 shares in outstanding.

Altisource Residential Corp(RESI) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $238.00K. Analysts had an estimated revenue of $48.78M. Earnings per share were $-1.16. Analysts had estimated an EPS of $-0.35.

Several Insider Transactions has been reported to the SEC. On Nov 17, 2015, David B Reiner (director) purchased 7,500 shares at $12.90 per share price.Also, On Nov 12, 2015, George G Ellison (CEO) purchased 37,000 shares at $13.76 per share price.On Aug 17, 2015, Robin N Lowe (CFO) purchased 7,000 shares at $14.48 per share price, according to the Form-4 filing with the securities and exchange commission.

Altisource Residential Corporation is a real estate investment trust (REIT). The Company is focused on acquiring owning and managing single-family rental properties throughout the United States. It acquires its single-family rental properties primarily through the acquisition of sub-performing and non-performing loan portfolios. It conducts most of its activities through its operating partnership Altisource Residential L.P. and its subsidiaries. The Company is engaged in the management of single-family rental properties using Altisource Portfolio Solutions S.A.’s (Altisource) vendor network. Its contracted relationships with manufacturers and material suppliers who are also used by Altisource enable it to manage the ordering and delivery of flooring appliances paint fixtures and lighting for renovation and unit turn work. It has direct access to Altisource’s inspection and estimating application. It is managed by Altisource Asset Management Corporation (AAMC).

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