Insider Buying: Front Yard Residential Corp (NYSE:RESI) Major Shareholder Purchases $800,066.25 in Stock

Front Yard Residential Corp (NYSE:RESI) major shareholder Deer Park Road Management Comp bought 93,575 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was purchased at an average price of $8.55 per share, for a total transaction of $800,066.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Tuesday, March 17th, Deer Park Road Management Comp bought 192,374 shares of Front Yard Residential stock. The stock was purchased at an average price of $8.99 per share, for a total transaction of $1,729,442.26.
  • On Friday, March 13th, Deer Park Road Management Comp bought 25,000 shares of Front Yard Residential stock. The stock was purchased at an average price of $12.05 per share, for a total transaction of $301,250.00.
  • On Monday, March 9th, Deer Park Road Management Comp bought 21,644 shares of Front Yard Residential stock. The stock was purchased at an average price of $12.27 per share, for a total transaction of $265,571.88.

Shares of Front Yard Residential stock opened at $11.07 on Thursday. The company has a market cap of $597.93 million, a price-to-earnings ratio of -10.75 and a beta of 0.90. The company’s 50 day moving average is $11.64 and its 200 day moving average is $11.77. Front Yard Residential Corp has a twelve month low of $8.51 and a twelve month high of $13.28.

Front Yard Residential (NYSE:RESI) last issued its quarterly earnings data on Friday, February 28th. The real estate investment trust reported ($0.47) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.46). The company had revenue of $52.06 million for the quarter, compared to the consensus estimate of $51.78 million. Front Yard Residential had a negative net margin of 26.74% and a negative return on equity of 14.33%.

Institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System raised its position in Front Yard Residential by 1.2% in the third quarter. California State Teachers Retirement System now owns 77,178 shares of the real estate investment trust’s stock worth $892,000 after acquiring an additional 922 shares during the period. Man Group plc raised its position in Front Yard Residential by 0.3% in the third quarter. Man Group plc now owns 312,152 shares of the real estate investment trust’s stock worth $3,608,000 after acquiring an additional 989 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Front Yard Residential by 25.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,233 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 2,303 shares during the period. Daiwa Securities Group Inc. raised its position in Front Yard Residential by 37.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 10,300 shares of the real estate investment trust’s stock worth $127,000 after acquiring an additional 2,800 shares during the period. Finally, Rhumbline Advisers raised its position in Front Yard Residential by 3.1% in the fourth quarter. Rhumbline Advisers now owns 94,059 shares of the real estate investment trust’s stock worth $1,161,000 after acquiring an additional 2,817 shares during the period. Institutional investors own 78.33% of the company’s stock.

Several brokerages have recently issued reports on RESI. JMP Securities downgraded shares of Front Yard Residential from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 18th. Northland Securities downgraded shares of Front Yard Residential from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 19th. Finally, ValuEngine downgraded shares of Front Yard Residential from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th.

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

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