Front Yard Residential (RESI) Jumps: Stock Rises 6.8%
Front Yard Residential Corporation RESI was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 19.9% in the past one-month time frame.
The move came after the company announced several new strategic initiatives to maximize value for stockholders.
The company has seen one negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Front Yard Residential currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
FRONT YARD RESIDENTIAL CORP Price
Investors interested in the REIT and Equity Trust - Residential industry may consider NexPoint Residential Trust, Inc. NXRT, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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