Resource Capital Corp. (NYSE:RSO) Director Jeffrey P. Cohen purchased 2,305 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were acquired at an average price of $9.65 per share, with a total value of $22,243.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Jeffrey P. Cohen also recently made the following trade(s):
- On Monday, November 6th, Jeffrey P. Cohen purchased 3,000 shares of Resource Capital Corp. stock. The shares were acquired at an average price of $9.90 per share, with a total value of $29,700.00.
- On Wednesday, August 16th, Jeffrey P. Cohen purchased 5,312 shares of Resource Capital Corp. stock. The shares were acquired at an average price of $10.30 per share, with a total value of $54,713.60.
- On Thursday, August 17th, Jeffrey P. Cohen purchased 15,000 shares of Resource Capital Corp. stock. The shares were acquired at an average price of $10.26 per share, with a total value of $153,900.00.
Resource Capital Corp. (RSO) traded down $0.17 on Monday, hitting $9.66. The stock had a trading volume of 216,300 shares, compared to its average volume of 412,172. The company has a current ratio of 134.66, a quick ratio of 134.66 and a debt-to-equity ratio of 1.60. Resource Capital Corp. has a 1-year low of $7.57 and a 1-year high of $12.40.
Resource Capital Corp. (NYSE:RSO) last released its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.29). The firm had revenue of $10.30 million for the quarter, compared to the consensus estimate of $9.34 million. Resource Capital Corp. had a net margin of 63.00% and a negative return on equity of 1.23%. The business’s revenue was down 28.0% compared to the same quarter last year. research analysts predict that Resource Capital Corp. will post -0.7 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, September 29th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Thursday, September 28th. Resource Capital Corp.’s dividend payout ratio is presently 74.07%.
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A number of research analysts have recently commented on the company. B. Riley reiterated a “neutral” rating on shares of Resource Capital Corp. in a report on Friday, November 3rd. Zacks Investment Research upgraded Resource Capital Corp. from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Wednesday, September 27th. ValuEngine upgraded Resource Capital Corp. from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, FBR & Co upped their price target on Resource Capital Corp. from $9.75 to $11.50 and gave the stock a “market perform” rating in a report on Tuesday, August 8th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $10.83.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Silver Capital Management LLC bought a new stake in shares of Resource Capital Corp. during the third quarter valued at approximately $119,000. SG Americas Securities LLC bought a new stake in shares of Resource Capital Corp. during the first quarter valued at approximately $118,000. Menta Capital LLC bought a new stake in shares of Resource Capital Corp. during the second quarter valued at approximately $147,000. UBS Asset Management Americas Inc. bought a new stake in shares of Resource Capital Corp. during the first quarter valued at approximately $146,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Resource Capital Corp. during the third quarter valued at approximately $189,000. Institutional investors and hedge funds own 45.41% of the company’s stock.
Resource Capital Corp. Company Profile
Resource Capital Corp. is a real estate finance company. The Company operates through four segments: Commercial Real Estate Debt Investments, Commercial Finance, Residential Mortgage Lending and Corporate & Other. The Commercial Real Estate Debt Investments segment includes the Company’s activities and operations related to commercial real estate loans, commercial real estate-related securities and investments in real estate.
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