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

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

Altisource Residential Corporation Appoints William P. Wall to its Board of Directors

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

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

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... More