RESI News and Press, Front Yard Residential Corporation From 12/16/20

Investors in REITs need to consider their alternatives. To make it easier, we’re adding an index of charts for several metrics. Many investors believe that demanding a high-return, often through dividend yield is enough to get it. They can demand until they are blue in the face...

Sogou continues its decline following previous deal update. Sogou merger arbitrage simple spread widens to largest gap since deal announcement. Merger arbitrage cash spreads produce a negative return for first time in almost 3 months. For further details see: Merger Arbi...

Data Center REITs - the best-performing property sector of 2020 - have stumbled over the last quarter as lukewarm earnings results and intense competition have clouded the outlook for 2021. The vaccine-driven sector rotation within the REIT sector has further pressured these "wor...

A summary of the $908B bipartisan relief package includes a national eviction moratorium until February 2021 and $25B in rental aid to tenants who are behind on their rent.As it stands now, the Centers for Disease Control and Prevention's national eviction ban is due to expire at year-end; mo...

The 'Burbs are Back. Riding the tailwinds of the red-hot U.S. housing market, single-family rental REITs have been one of the top-performing real estate sectors throughout the pandemic. Fueled by the maturing millennial generation, the 2020s were already poised to be a decade of "subu...

Front Yard Residential receives a higher offer. Stock trades above the revised offer price as investors speculate on additional offers. Merger arbitrage cash spreads produce positive returns for the 9th consecutive week. For further details see: Merger Arbitrage Analysis...

Merger activity decreased last week with one new deal announced. The acquisition of The Goldfield Corporation (GV) by an affiliate of First Reserve. Front Yard Residential Corporation (RESI) and Pretium and Ares Management Corporation (ARES) amend their merger agreement. For...

U.S. equity markets climbed to fresh record highs on the Thanksgiving-shortened week as strong housing data, positive vaccine developments, and "market-friendly" Cabinet picks offset ongoing COVID concerns. Pushing its November gains to over 11%, the S&P 500 rallied another 2...

Gainers: CIIG Merger (CIIC) +32%. Marathon Patent Group (MARA) +32%. Front Yard Residential (RESI) +22%. Switchback Energy Acquisition (SBE) +22%.Losers: Ashford Hospitality Trust (AHT) -15%. IRSA Propiedades Comerciales (IRCP) -13%. Root (ROOT) -8%. Nam Tai Property (NTP) -7%. Leju Holdings ...

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: ...