Altisource Residential Corporation Reports Fourth Quarter and Full Year 2015 Results; Announces Fourth Quarter Estimated Taxable Income of $37.8 Million or $0.68 Per Share; Declares Special Dividend

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Go back to Altisource Residential Corporation Reports Fourth Quarter and Full Year 2015 Results; Announces Fourth Quarter Estimated Taxable Income of $37.8 Million or $0.68 Per Share; Declares Special Dividend

Compass Point Cuts Price Target on Altisource Residential (RESI) to $14; Reiterates Buy

March 1, 2016 8:57 AM EST

Compass Point maintained a Buy rating on Altisource Residential (NYSE: RESI), and cut the price target to $14.00 (from $17.00), following the company's 4Q. RESI reported a 4Q15 GAAP EPS loss of -$1.18 on revenue of $24.1M. Management also announced the sale of 1,266 additional NPLs with UPB of $434M at a price close to RESI's carrying value.

Analyst Fred Small commented, "We reiterate our BUY rating on RESI and cut our price target from $17.00 to $14.00, representing upside of +49% and a total return of +57% including... More

Altisource Residential (RESI) Misses Q4 EPS Views; Will Acquire NPL Portfolio

February 29, 2016 7:31 AM EST

Altisource Residential (NYSE: RESI) reported Q4 EPS of ($1.18), $1.36 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $24.14 million versus the consensus estimate of $71.76 million.

Recent Developments

Agreed to sell a portfolio of 1,266... More