Front Yard is an industry leader in providing quality, affordable rental homes to America’s families.
Mediocre balance sheet second-rate dividend payer.
Share Price & News
How has Front Yard Residential's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RESI's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: RESI underperformed the US REITs industry which returned -8.1% over the past year.
Return vs Market: RESI underperformed the US Market which returned 16.3% over the past year.
Price Volatility Vs. Market
How volatile is Front Yard Residential's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 months ago | Simply Wall StIf You Had Bought Front Yard Residential (NYSE:RESI) Stock Five Years Ago, You'd Be Sitting On A 39% Loss, Today
6 months ago | Simply Wall StDoes The Front Yard Residential Corporation (NYSE:RESI) Share Price Tend To Follow The Market?
7 months ago | Simply Wall StIs Now The Time To Look At Buying Front Yard Residential Corporation (NYSE:RESI)?
Is Front Yard Residential undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: RESI ($9.15) is trading above our estimate of fair value ($0.38)
Significantly Below Fair Value: RESI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RESI is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.
PE vs Market: RESI is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RESI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RESI is overvalued based on its PB Ratio (1.6x) compared to the US REITs industry average (1.5x).
How is Front Yard Residential forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RESI is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: RESI is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: RESI is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: RESI's revenue (3.8% per year) is forecast to grow slower than the US market (9.4% per year).
High Growth Revenue: RESI's revenue (3.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RESI is forecast to be unprofitable in 3 years.
How has Front Yard Residential performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RESI is currently unprofitable.
Growing Profit Margin: RESI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: RESI is unprofitable, and losses have increased over the past 5 years at a rate of 19.4% per year.
Accelerating Growth: Unable to compare RESI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RESI is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (2.1%).
Return on Equity
High ROE: RESI has a negative Return on Equity (-34.42%), as it is currently unprofitable.
How is Front Yard Residential's financial position?
Financial Position Analysis
Short Term Liabilities: RESI's short term assets ($97.3M) exceed its short term liabilities ($63.6M).
Long Term Liabilities: RESI's short term assets ($97.3M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: RESI's debt to equity ratio (526.3%) is considered high.
Reducing Debt: RESI's debt to equity ratio has increased from 100.5% to 526.3% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable RESI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: RESI is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 29.8% per year.
What is Front Yard Residential current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RESI's dividend (6.56%) is higher than the bottom 25% of dividend payers in the US market (1.62%).
High Dividend: RESI's dividend (6.56%) is in the top 25% of dividend payers in the US market (4.35%)
Stability and Growth of Payments
Stable Dividend: RESI has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: RESI's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (1457.3%), RESI's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RESI's dividends in 3 years are forecast to be well covered by earnings (26.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
George Ellison (62 yo)
Mr. George G. Ellison is Chief Executive Officer of Front Yard Residential Corporation (formerly Altisource Residential Corporation) since March 2015 and was its President from March 31, 2015 to June 30, 2 ...
|CEO & Director||5.17yrs||US$1.75m||0.75% |
|Chief Financial Officer||5.83yrs||US$460.00k||0.15% |
|Chief Administrative Officer & Senior Counsel||4.58yrs||US$610.00k||0.078% |
|General Counsel & Corporate Secretary||4.58yrs||US$1.22m||0.14% |
|Head of Investor Relations||no data||no data||no data|
|Senior Vice President of Property Operations||no data||no data||no data|
Experienced Management: RESI's management team is considered experienced (4.9 years average tenure).
|CEO & Director||5.17yrs||US$1.75m||0.75% |
|Independent Director||1.25yrs||US$139.87k||no data|
|Independent Director||7.67yrs||US$151.69k||0.033% |
|Independent Chair of the Board||2.25yrs||US$281.69k||0.14% |
|Independent Director||3.33yrs||US$154.10k||0.0078% |
|Independent Director||1.17yrs||US$117.63k||0.0068% |
|Independent Director||2.42yrs||US$211.69k||0.032% |
|Independent Director||1.17yrs||US$133.45k||0.11% |
Experienced Board: RESI's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RESI insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.9%.
Front Yard Residential Corporation's company bio, employee growth, exchange listings and data sources
- Name: Front Yard Residential Corporation
- Ticker: RESI
- Exchange: NYSE
- Founded: 2012
- Industry: Residential REITs
- Sector: Real Estate
- Market Cap: US$536.325m
- Shares outstanding: 58.61m
- Website: https://www.FrontYardResidential.com
Number of Employees
- Front Yard Residential Corporation
- 5100 Tamarind Reef
- Virgin Islands
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|RESI||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Dec 2012|
|41A||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Dec 2012|
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 ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/10 01:01|
|End of Day Share Price||2020/08/07 00:00|