Parametric Portfolio Associates LLC Sells 15,302 Shares of Altisource Residential Corporation (RESI)

Parametric Portfolio Associates LLC trimmed its holdings in Altisource Residential Corporation (NYSE:RESI) by 10.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 125,338 shares of the real estate investment trust’s stock after selling 15,302 shares during the period. Parametric Portfolio Associates LLC owned 0.23% of Altisource Residential Corporation worth $1,622,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. UBS Asset Management Americas Inc. grew its holdings in shares of Altisource Residential Corporation by 59.4% in the first quarter. UBS Asset Management Americas Inc. now owns 33,959 shares of the real estate investment trust’s stock valued at $518,000 after purchasing an additional 12,659 shares during the period. California Public Employees Retirement System grew its holdings in shares of Altisource Residential Corporation by 46.7% in the first quarter. California Public Employees Retirement System now owns 152,700 shares of the real estate investment trust’s stock valued at $2,329,000 after purchasing an additional 48,600 shares during the period. Vanguard Group Inc. grew its holdings in shares of Altisource Residential Corporation by 0.3% in the first quarter. Vanguard Group Inc. now owns 3,783,549 shares of the real estate investment trust’s stock valued at $57,698,000 after purchasing an additional 10,261 shares during the period. Geode Capital Management LLC grew its holdings in shares of Altisource Residential Corporation by 9.5% in the first quarter. Geode Capital Management LLC now owns 403,227 shares of the real estate investment trust’s stock valued at $6,149,000 after purchasing an additional 34,987 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Altisource Residential Corporation by 56.8% in the first quarter. Renaissance Technologies LLC now owns 707,700 shares of the real estate investment trust’s stock valued at $10,792,000 after purchasing an additional 256,475 shares during the period. Institutional investors and hedge funds own 72.09% of the company’s stock.

Altisource Residential Corporation (RESI) opened at $10.94 on Monday. Altisource Residential Corporation has a 12 month low of $10.37 and a 12 month high of $15.66.

A number of equities research analysts recently issued reports on RESI shares. BidaskClub lowered shares of Altisource Residential Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, September 2nd. Zacks Investment Research lowered shares of Altisource Residential Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Northland Securities reaffirmed a “buy” rating and set a $17.00 target price on shares of Altisource Residential Corporation in a research note on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $15.38.

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Altisource Residential Corporation Profile

Altisource Residential Corporation is a real estate investment trust (REIT). The Company focuses on acquiring, owning and managing single-family rental (SFR) properties throughout the United States. The Company conducts its activities through its subsidiary, Altisource Residential, L.P., and its subsidiaries.

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Institutional Ownership by Quarter for Altisource Residential Corporation (NYSE:RESI)

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