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4-Traders Homepage  >  Equities  >  Nyse  >  Altisource Residential Corp    RESI

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Altisource Residential : PointCentral Announces Smart Home Technology Partnership with Altisource Residential Corporation

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09/14/2017 | 09:36am CEST

Portland, Ore. (PRWEB) September 14, 2017

PointCentral, the leader in enterprise-scale smart home automation solutions for property managers, today announced that Altisource Residential Corporation (NYSE: RESI) has entered into an agreement to start deploying PointCentral's solution in select cities.

PointCentral, a subsidiary of Alarm.com, provides residential property managers with an enterprise-class solution that monitors and controls Smart Home technology across all properties in their inventory over a best-in-class secure and reliable network – increasing property awareness, reducing energy costs and improving tenant satisfaction. PointCentral's solutions allow property managers to realize operational efficiencies, while 86% of millennial renters and 65% of baby boomer renters are willing to pay more for a property with Smart Home automation.

PointCentral works with leading hardware manufacturers to integrate their devices into a unified user interface that allows property managers to manage properties at scale, without worrying about tying together data from separate devices or managing tenant access. PointCentral also delivers a great experience for tenants, allowing them to save money, check in on loved ones, control access and add convenience to their lives through multiple interfaces, including PointCentral.com, mobile, tablet, and Apple TV apps, and voice assistants such as Amazon Echo and Google Home.

"Property management firms and owners are quickly starting to understand the multiple value streams that PointCentral's enterprise-scale home automation solutions provide," said Sean Miller, president of PointCentral. "We are excited to work with partners such as RESI and we look forward to continuing our work with our partners to enhance the value that our system provides while helping our partners meet the Smart Home expectations of a new generation of residents nationwide."

About PointCentral
PointCentral, a subsidiary of Alarm.com, provides short and long-term property managers with an enterprise-class solution that monitors and controls Smart Home technology across all properties in their inventory over a best-in-class secure and reliable network – increasing property awareness, reducing energy costs and improving tenant satisfaction. PointCentral's solutions allow property managers to realize operational efficiencies, while 86% of millennial renters and 65% of baby boomer renters are willing to pay more for a property with Smart Home automation. For more information, please visit http://www.pointcentral.com

Read the full story at http://www.prweb.com/releases/2017/08/prweb14582684.htm

(c) 2017 PRWEB.COM Newswire, source Press Releases

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Financials ($)
Sales 2017 113 M
EBIT 2017 -77,0 M
Net income 2017 -146 M
Debt 2017 1 132 M
Yield 2017 5,49%
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 15,2x
EV / Sales 2018 9,99x
Capitalization 583 M
Chart ALTISOURCE RESIDENTIAL COR
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Altisource Residential Cor Technical Analysis Chart | RESI | US02153W1009 | 4-Traders
Technical analysis trends ALTISOURCE RESIDENTIAL COR
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 15,2 $
Spread / Average Target 39%
EPS Revisions
Managers
NameTitle
George G. Ellison Chief Executive Officer & Director
David B. Reiner Chairman
Robin N. Lowe Chief Financial Officer
Michael A. Eruzione Independent Director
William P. Wall Independent Director
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