Peregrine Capital Management LLC reduced its holdings in Front Yard Residential Corp (NYSE:RESI) by 0.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 788,906 shares of the real estate investment trust’s stock after selling 3,011 shares during the period. Peregrine Capital Management LLC’s holdings in Front Yard Residential were worth $7,313,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the company. Rhumbline Advisers raised its stake in Front Yard Residential by 48.4% during the fourth quarter. Rhumbline Advisers now owns 82,289 shares of the real estate investment trust’s stock worth $718,000 after purchasing an additional 26,821 shares during the period. Wells Fargo & Company MN raised its stake in shares of Front Yard Residential by 202.8% in the 3rd quarter. Wells Fargo & Company MN now owns 88,448 shares of the real estate investment trust’s stock valued at $959,000 after acquiring an additional 59,239 shares during the period. Vanguard Group Inc raised its stake in shares of Front Yard Residential by 1.8% in the 3rd quarter. Vanguard Group Inc now owns 7,054,282 shares of the real estate investment trust’s stock valued at $76,539,000 after acquiring an additional 127,899 shares during the period. Menta Capital LLC purchased a new stake in shares of Front Yard Residential in the 4th quarter valued at approximately $1,356,000. Finally, Marshall Wace LLP purchased a new stake in shares of Front Yard Residential in the 3rd quarter valued at approximately $1,363,000. 71.94% of the stock is currently owned by hedge funds and other institutional investors.
Front Yard Residential stock opened at $9.60 on Tuesday. Front Yard Residential Corp has a 1 year low of $7.99 and a 1 year high of $13.07.
Front Yard Residential (NYSE:RESI) last released its quarterly earnings results on Wednesday, February 27th. The real estate investment trust reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.66). Front Yard Residential had a negative net margin of 71.49% and a negative return on equity of 23.94%. On average, equities research analysts expect that Front Yard Residential Corp will post 0.26 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date of this dividend was Thursday, March 28th.
Separately, Zacks Investment Research raised shares of Front Yard Residential from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th.
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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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