Front Yard Residential (NYSE:RESI) Stock Passes Below 200 Day Moving Average of $0.00

Front Yard Residential Corp (NYSE:RESI)’s share price 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.

Several equities research analysts have issued reports on the stock. 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 target on shares of Nabriva Therapeutics and gave the company a “buy” rating in a report on Wednesday, May 8th.

The stock’s fifty day simple moving average is $11.87.

Front Yard Residential (NYSE:RESI) last announced its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported ($0.35) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.37). The business had revenue of $52.63 million during the quarter, compared to the consensus estimate of $52.61 million. Front Yard Residential had a negative net margin of 62.28% and a negative return on equity of 24.20%. Equities research analysts forecast that Front Yard Residential Corp will post 0.26 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend is Thursday, June 27th.

In other news, Director George Whitfield Mcdowell bought 5,000 shares of Front Yard Residential stock in a transaction dated Monday, May 13th. The shares were bought at an average price of $10.87 per share, for a total transaction of $54,350.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Deer Park Road Management Comp sold 9,780 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $12.23, for a total transaction of $119,609.40. The disclosure for this sale can be found here. Insiders acquired a total of 50,000 shares of company stock worth $555,800 in the last three months. Insiders own 0.88% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Joseph P. Lucia & Associates LLC acquired a new position in Front Yard Residential during the 1st quarter worth about $225,000. Bessemer Group Inc. acquired a new position in Front Yard Residential during the 4th quarter worth about $59,000. Virtu Financial LLC acquired a new position in Front Yard Residential during the 1st quarter worth about $101,000. BNP Paribas Arbitrage SA lifted its position in 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 buying an additional 3,632 shares in the last quarter. Finally, HRT Financial LLC acquired a new position in Front Yard Residential during the 4th quarter worth about $139,000. Institutional investors and hedge funds own 73.84% of the company’s stock.

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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