Front Yard Residential Corp (RESI) Shares Sold by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC trimmed its holdings in shares of Front Yard Residential Corp (NYSE:RESI) by 31.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,934 shares of the real estate investment trust’s stock after selling 11,088 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Front Yard Residential were worth $209,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Squarepoint Ops LLC grew its holdings in Front Yard Residential by 49.2% during the fourth quarter. Squarepoint Ops LLC now owns 23,425 shares of the real estate investment trust’s stock valued at $205,000 after purchasing an additional 7,725 shares during the period. Bank of America Corp DE grew its holdings in Front Yard Residential by 39.5% during the fourth quarter. Bank of America Corp DE now owns 30,080 shares of the real estate investment trust’s stock valued at $263,000 after purchasing an additional 8,515 shares during the period. Barclays PLC grew its holdings in Front Yard Residential by 368.5% during the fourth quarter. Barclays PLC now owns 104,835 shares of the real estate investment trust’s stock valued at $915,000 after purchasing an additional 82,456 shares during the period. Menta Capital LLC bought a new position in Front Yard Residential during the fourth quarter valued at $1,356,000. Finally, Geode Capital Management LLC grew its holdings in Front Yard Residential by 32.5% during the fourth quarter. Geode Capital Management LLC now owns 681,675 shares of the real estate investment trust’s stock valued at $5,951,000 after purchasing an additional 167,255 shares during the period. 71.94% of the stock is owned by institutional investors.

Shares of NYSE RESI opened at $9.75 on Friday. Front Yard Residential Corp has a 1-year low of $7.99 and a 1-year high of $13.07.

Front Yard Residential (NYSE:RESI) last posted its quarterly earnings results on Wednesday, February 27th. The real estate investment trust reported ($0.64) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.66). Front Yard Residential had a negative return on equity of 23.94% and a negative net margin of 71.49%. Analysts predict that Front Yard Residential Corp will post 0.26 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date was Thursday, March 28th.

Separately, Zacks Investment Research lowered Front Yard Residential from a “hold” rating to a “sell” rating in a report on Thursday, March 7th.

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Front Yard Residential Company Profile

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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Institutional Ownership by Quarter for Front Yard Residential (NYSE:RESI)

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