Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / RESI - Front Yard Residential: Investors Should Sell Now As Takeout Price Close To Fundamental Value

RESI - Front Yard Residential: Investors Should Sell Now As Takeout Price Close To Fundamental Value

Front Yard Residential Corporation
  • A partnership between Pretium and Ares is acquiring RESI in an all-cash transaction at $13.5/share.
  • The transaction values RESI's portfolio at 6.93% cap rate, which is below my NAV estimate but is fair all things considered.
  • The market is pricing in a higher bid coming trading around $13.5/share.
  • I believe the takeout price is reasonably close to the NAVPS, and thus, investors should sell into the market.

For further details see:

Front Yard Residential: Investors Should Sell Now As Takeout Price Close To Fundamental Value
Stock Information
Company Name: Front Yard Residential Corporation
Stock Symbol: RESI
Market: NYSE
Menu
RESI RESI Quote RESI Short RESI News RESI Articles RESI Message Board
Get RESI Alerts

News, Short Squeeze, Breakout and More Instantly...