Wall Street analysts expect Front Yard Residential Corp (NYSE:RESI) to post earnings of $0.07 per share for the current quarter, Zacks reports. Two analysts have made estimates for Front Yard Residential’s earnings. Front Yard Residential reported earnings of $0.05 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 40%. The firm is expected to report its next earnings results on Wednesday, November 6th.

On average, analysts expect that Front Yard Residential will report full year earnings of $0.28 per share for the current financial year. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Front Yard Residential.

Several analysts have commented on RESI shares. Zacks Investment Research downgraded Front Yard Residential from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. Northland Securities reiterated a “buy” rating and set a $15.00 target price on shares of Front Yard Residential in a research note on Wednesday, May 8th.

In other news, Director Rochelle R. Dobbs purchased 10,000 shares of the stock in a transaction dated Friday, May 24th. The shares were purchased at an average cost of $11.59 per share, with a total value of $115,900.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Deer Park Road Management Comp sold 213,137 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $12.06, for a total value of $2,570,432.22. The disclosure for this sale can be found here. Over the last three months, insiders have bought 45,000 shares of company stock worth $501,450 and have sold 247,917 shares worth $2,992,792. 0.88% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Front Yard Residential by 7.3% during the 1st quarter. FMR LLC now owns 3,960,042 shares of the real estate investment trust’s stock valued at $36,709,000 after buying an additional 270,400 shares during the period. BlackRock Inc. lifted its holdings in shares of Front Yard Residential by 1.6% during the 2nd quarter. BlackRock Inc. now owns 3,893,069 shares of the real estate investment trust’s stock valued at $47,575,000 after buying an additional 60,475 shares during the period. Monarch Partners Asset Management LLC raised its holdings in Front Yard Residential by 148.4% in the 2nd quarter. Monarch Partners Asset Management LLC now owns 1,066,574 shares of the real estate investment trust’s stock worth $13,034,000 after purchasing an additional 637,174 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Front Yard Residential by 0.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 896,466 shares of the real estate investment trust’s stock worth $10,955,000 after purchasing an additional 2,430 shares during the period. Finally, Norges Bank bought a new position in Front Yard Residential in the 4th quarter worth $7,025,000. 73.90% of the stock is currently owned by hedge funds and other institutional investors.

RESI traded down $0.06 during trading on Tuesday, hitting $11.15. 275,486 shares of the company’s stock traded hands, compared to its average volume of 324,875. The business’s 50 day moving average is $11.91. Front Yard Residential has a 12-month low of $7.99 and a 12-month high of $13.07. The firm has a market cap of $606.02 million, a PE ratio of 51.36 and a beta of 1.26.

About Front Yard Residential

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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