RESI News and Press, Front Yard Residential Corporation From 11/23/20

Shares of real estate investment trust (REIT) Front Yard Residential (NYSE: RESI) rose a little more than 21% at the open of trading on Nov. 23. That level is likely to stick, because it is directly related to an updated agreement with affiliates of Ares Management (NYSE: ...

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Front Yard Residential (RESI) jumps 21% in premarket trading after Pretium and funds managed by Ares Management (ARES) boost the price they'll pay for Front Yard to $16.25 per share in cash from $13.50 in response to another party submitting a binding proposal for REIT.The new price valu...

CHRISTIANSTED, U.S. Virgin Islands, Nov. 23, 2020 (GLOBE NEWSWIRE) -- Front Yard Residential Corporation (“Front Yard” or the “Company”) (NYSE: RESI), an industry leading provider of high-quality and affordable rental homes, announced today that it has amended it...

The Great Financial Crisis of the prior decade resulted in long-term lingering pain for the commercial real estate sector. For REITs, "this time has been different," both for better and worse. The pandemic has resulted in a sharp plunge in property-level metrics that dwarfs that ...

Investors in REITs often put vastly too much emphasis on dividend yields. When they switch over to FFO multiples, they are still not digging anywhere near deep enough. AFFO multiples will put you in a better situation, but it still isn’t enough. To evaluate the REITs, you n...

The REIT sector has now endured losses in 7 of the first 10 months of 2020, with a -2.69% total return in October. Small-cap REITs were the hardest hit in October with an average return of -3.46%, while micro caps remained flat with an average return of -0.02%. Only 26.67% of REIT...

U.S. equity markets climbed to record-highs this past week on positive trial results for a COVID-19 vaccine, a potentially major breakthrough hailed as a "great day for science and humanity." Adding to its 7% post-election surge, the S&P 500 gained 2.3% this past week to...

WeissLaw LLP Reminds PRCP, DMYD, XLNX, and RESI Shareholders About Its Ongoing Investigations PR Newswire NEW YORK, Nov. 13, 2020 NEW YORK , Nov. 13, 2020 /PRNewswire/ -- If you own shares in any of the companies listed above and would l...

U.S. equity markets surged by the most since April on an election week rally fueled by the mounting prospects of a divided government after the "Blue Wave" failed to materialize. Rebounding from their worst week since March, the S&P 500 surged by 7.2% this past week while the Dow ...