Front Yard Residential Corporation (RESI) Receives a Rating Update from a Top Analyst


Northland Securities analyst Michael Grondahl maintained a Buy rating on Front Yard Residential Corporation (RESI) today and set a price target of $15. The company’s shares opened today at $10.52.

According to TipRanks.com, Grondahl is a top 100 analyst with an average return of 32.8% and a 71.8% success rate. Grondahl covers the Financial sector, focusing on stocks such as Altisource Portfolio Solutions SA, Health Insurance Innovations, and WisdomTree Investments.

The the analyst consensus on Front Yard Residential Corporation is currently a Hold rating.

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Based on Front Yard Residential Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $47.93 million. In comparison, last year the company had a GAAP net loss of $37.47 million.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RESI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Front Yard Residential Corp. is a real estate investment trust, which is focused on acquiring and managing quality, affordable single-family rental properties for working class families throughout the United States. It purchases sub-performing and non-performing mortgage loans. The company was founded on July 19, 2012 and is headquartered in Christiansted, U.

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