Altisource Residential (NYSE:RESI) Has Just Had Its TP Downgraded by Research Analysts at JP Morgan to $16.00

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Analysis: Altisource Residential (NYSE:RESI) Upside Target Change Today

In an interesting research report announced by JP Morgan on 2 December, the firm, Altisource Residential (NYSE:RESI), had their target price cut to $16.00. Analusts now have a solid “Neutral” rating on the stock.

From a total of 5 analysts covering Altisource Residential Corporation (NYSE:RESI) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is $21 while the lowest target price is $15. The mean of all analyst targets is $18.4 with a 44.75% above today’s ($12.85) stock price. Altisource Residential Corporation was the topic of 5 analyst reports since August 11, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on August 13 with “Buy” rating.

Approximately 32,398 shares of stock traded hands. Altisource Residential Corp (NYSE:RESI) has declined 33.04% since April 29, 2015 and is downtrending. It has underperformed by 32.84% the S&P500.

Altisource Residential (NYSE:RESI) Has Just Had Its TP Downgraded by Research Analysts at JP Morgan to $16.00

Altisource Residential Corporation is a real estate investment trust . The company has a market cap of $719.48 million. The Firm is focused on acquiring, owning and managing single-family rental properties throughout the United States. It has 11.98 P/E ratio. It acquires its single-family rental properties primarily through the acquisition of sub-performing and non-performing loan portfolios.

According to Zacks Investment Research, “Altisource Residential Corporation is engaged in the acquisition and ownership of single-family rental assets. Altisource Residential Corporation is based in Frederiksted, U.S.” Get a free copy of the Zacks research report on Altisource Residential Corp (RESI).

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