Compass Point Cuts Price Target on Altisource Residential (RESI) to $14; Reiterates Buy
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February 29, 2016 7:32 AM EST
CHRISTIANSTED, U.S. Virgin Islands, Feb. 29, 2016 (GLOBE NEWSWIRE) -- Altisource Residential Corporation ("Residential" or the Company) (NYSE: RESI) today announced that William P. Wall has been appointed to its Board of Directors, effective March 1, 2016, following James H. (Jim) Mullen, Jr.s decision to step down as a member of the Board. Upon his appointment, Mr. Wall will serve as a member of the Boards Audit Committee, Compensation Committee and Nomination/Governance Committee.
Mr. Wall is an accomplished executive with substantial experience serving on the Board of Directors of several publicly listed and private... More
February 29, 2016 7:30 AM EST
CHRISTIANSTED, U.S. Virgin Islands, Feb. 29, 2016 (GLOBE NEWSWIRE) -- Altisource Residential Corporation (Residential or the Company) (NYSE: RESI) today announced financial and operating results for the fourth quarter and full year of 2015.
Fourth Quarter 2015 Highlights
Estimated taxable income increased to $37.8 million, or $0.68 per share, from $10.4 million, or $0.18 per share in the third quarter of 2015.Rental revenue increased to $5.7 million, representing a 41% increase over the third quarter of 2015.Increased rental portfolio to 2,732 homes, including 2,118 rented properties, 264 listed and ready for rent and 350 properties under leasehold renovation and...
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