Front Yard Residential Corp (NYSE:RESI) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as low as $11.93. Front Yard Residential shares last traded at $11.97, with a volume of 3,509 shares changing hands.
A number of equities research analysts have recently weighed in on RESI shares. Zacks Investment Research lowered shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Northland Securities set a $13.00 price objective on shares of Nabriva Therapeutics and gave the company a “buy” rating in a report on Wednesday, May 8th.
The company’s fifty day simple moving average is $11.87.
Front Yard Residential (NYSE:RESI) last announced its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.37). The company had revenue of $52.63 million for the quarter, compared to analysts’ expectations of $52.61 million. Front Yard Residential had a negative net margin of 62.28% and a negative return on equity of 24.20%. On average, research analysts forecast that Front Yard Residential Corp will post 0.26 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.94%. The ex-dividend date was Thursday, June 27th.
In other Front Yard Residential news, Director Rochelle R. Dobbs purchased 10,000 shares of the stock in a transaction on Friday, May 24th. The shares were bought at an average cost of $11.59 per share, with a total value of $115,900.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rochelle R. Dobbs purchased 25,000 shares of the stock in a transaction on Friday, May 17th. The stock was acquired at an average cost of $10.87 per share, for a total transaction of $271,750.00. Following the completion of the acquisition, the director now owns 23,642 shares of the company’s stock, valued at approximately $256,988.54. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 50,000 shares of company stock worth $555,800. 0.88% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of RESI. Joseph P. Lucia & Associates LLC purchased a new stake in shares of Front Yard Residential during the 1st quarter worth about $225,000. Bessemer Group Inc. purchased a new stake in shares of Front Yard Residential during the 4th quarter worth about $59,000. Virtu Financial LLC purchased a new stake in shares of Front Yard Residential during the 1st quarter worth about $101,000. BNP Paribas Arbitrage SA boosted its stake in shares of Front Yard Residential by 47.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 11,280 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 3,632 shares in the last quarter. Finally, HRT Financial LLC purchased a new stake in shares of Front Yard Residential during the 4th quarter worth about $139,000. 73.84% of the stock is currently owned by institutional investors.
Front Yard Residential Company Profile (NYSE:RESI)
Front Yard is an industry leader in providing quality, affordable rental homes to America's families. Our homes offer exceptional value in a variety of suburban communities that have easy accessibility to metropolitan areas. Front Yard's tenants enjoy the space and comfort that is unique to single-family housing at reasonable prices.
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