Front Yard Residential Corp (NYSE:RESI) major shareholder Deer Park Road Management Comp sold 25,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $12.11, for a total transaction of $302,750.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Deer Park Road Management Comp also recently made the following trade(s):

  • On Monday, July 29th, Deer Park Road Management Comp sold 213,137 shares of Front Yard Residential stock. The shares were sold at an average price of $12.06, for a total transaction of $2,570,432.22.
  • On Monday, July 1st, Deer Park Road Management Comp sold 9,780 shares of Front Yard Residential stock. The shares were sold at an average price of $12.23, for a total transaction of $119,609.40.

RESI stock traded down $0.08 during midday trading on Monday, hitting $12.10. The company’s stock had a trading volume of 111,945 shares, compared to its average volume of 333,617. Front Yard Residential Corp has a twelve month low of $7.99 and a twelve month high of $13.07. The business has a fifty day moving average price of $12.06.

Front Yard Residential (NYSE:RESI) last issued 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 consensus estimate of $0.02 by ($0.37). Front Yard Residential had a negative net margin of 62.28% and a negative return on equity of 24.20%. The business had revenue of $52.63 million during the quarter, compared to analyst estimates of $52.61 million. Equities analysts expect that Front Yard Residential Corp will post 0.26 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.60 annualized dividend and a yield of 4.96%.

Several brokerages have issued reports on RESI. Northland Securities set a $13.00 price target on shares of Nabriva Therapeutics and gave the company a “buy” rating in a research note on Wednesday, May 8th. Zacks Investment Research lowered shares of ZEALAND PHARMA/S from a “buy” rating to a “hold” rating in a research note on Saturday.

A number of hedge funds have recently modified their holdings of the business. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Front Yard Residential by 83.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 54,230 shares of the real estate investment trust’s stock worth $663,000 after buying an additional 24,660 shares during the last quarter. HGI Capital Management LLC purchased a new stake in shares of Front Yard Residential in the second quarter valued at about $1,614,000. State of Alaska Department of Revenue raised its holdings in shares of Front Yard Residential by 19.3% in the second quarter. State of Alaska Department of Revenue now owns 19,308 shares of the real estate investment trust’s stock valued at $235,000 after purchasing an additional 3,120 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Front Yard Residential by 8.9% in the second quarter. Nisa Investment Advisors LLC now owns 25,209 shares of the real estate investment trust’s stock valued at $308,000 after purchasing an additional 2,069 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Front Yard Residential by 7.3% in the first quarter. FMR LLC now owns 3,960,042 shares of the real estate investment trust’s stock valued at $36,709,000 after purchasing an additional 270,400 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

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.

Featured Article: How Do You Make Money With Penny Stocks?

Insider Buying and Selling by Quarter for Front Yard Residential (NYSE:RESI)

Receive News & Ratings for Front Yard Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Front Yard Residential and related companies with MarketBeat.com's FREE daily email newsletter.