Altisource Residential Corporation (NYSE:RESI) Updates On Dividend Release Date


On 2016-06-21, Altisource Residential Corporation (NYSE:RESI) confirmed the dividend disbursement of $0.15 a share to shareholders as on record 2016-06-30. The firm will release dividend on 2016-07-15 while ex-dividend date is reported to be 2016-06-28.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Altisource Residential Corporation (NYSE:RESI) paid a total of $0.15 per share in dividends. This figure stood at $0.15 a share in the same period a year ago indicating a deviation of -9.8522%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $15.5 on the stock. This figure is the average of recommendations offered by 3 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $18.5 and $13, respectively.

Taking the mathematical rating formula, the price for Altisource Residential Corporation (NYSE:RESI) stands at 1.5. Earnings Review Altisource Residential Corporation (NYSE:RESI) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-14. For the period ending on 2016-09-30, experts are expecting EPS of $-0.99.

Coming to the quarter ending on 2015-12-31, Altisource Residential Corporation (NYSE:RESI) recorded EPS of $-1.16. The reported numbers came lower than the analysts’ estimates of $0.38, demonstrating a miss of $-1.54 as against reported figures.

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