Front Yard Residential Corp (NYSE:RESI) major shareholder Deer Park Road Management Comp purchased 250,000 shares of the stock in a transaction that occurred on Tuesday, December 4th. The stock was purchased at an average price of $9.10 per share, with a total value of $2,275,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 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 Thursday, November 29th, Deer Park Road Management Comp purchased 300,000 shares of Front Yard Residential stock. The stock was purchased at an average price of $8.59 per share, with a total value of $2,577,000.00.
Front Yard Residential stock traded down $0.01 during mid-day trading on Friday, reaching $9.69. 567,198 shares of the company were exchanged, compared to its average volume of 753,383. Front Yard Residential Corp has a 12-month low of $7.99 and a 12-month high of $13.07.
RESI has been the subject of a number of analyst reports. Zacks Investment Research lowered Front Yard Residential from a “hold” rating to a “sell” rating in a report on Saturday. Deutsche Bank lowered their target price on Front Yard Residential from $14.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, November 20th. Finally, Credit Suisse Group upped their target price on Front Yard Residential from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Friday, August 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Front Yard Residential presently has an average rating of “Hold” and a consensus price target of $14.00.
A number of institutional investors have recently bought and sold shares of RESI. Renaissance Technologies LLC lifted its holdings in Front Yard Residential by 846.6% during the second quarter. Renaissance Technologies LLC now owns 517,700 shares of the real estate investment trust’s stock worth $5,394,000 after buying an additional 463,008 shares during the period. Millennium Management LLC lifted its holdings in Front Yard Residential by 33.4% during the second quarter. Millennium Management LLC now owns 1,250,176 shares of the real estate investment trust’s stock worth $13,027,000 after buying an additional 313,330 shares during the period. Vanguard Group Inc. lifted its holdings in Front Yard Residential by 1.8% during the third quarter. Vanguard Group Inc. now owns 7,054,282 shares of the real estate investment trust’s stock worth $76,539,000 after buying an additional 127,899 shares during the period. American Century Companies Inc. lifted its holdings in Front Yard Residential by 77.7% during the second quarter. American Century Companies Inc. now owns 291,109 shares of the real estate investment trust’s stock worth $3,033,000 after buying an additional 127,268 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Front Yard Residential during the third quarter worth $1,363,000. Institutional investors own 72.08% 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 which 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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