Jeffrey P. Cohen Buys 2,305 Shares of Resource Capital Corp. (RSO) Stock

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%.

COPYRIGHT VIOLATION WARNING: “Jeffrey P. Cohen Buys 2,305 Shares of Resource Capital Corp. (RSO) Stock” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/11/13/jeffrey-p-cohen-buys-2305-shares-of-resource-capital-corp-rso-stock.html.

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.

Insider Buying and Selling by Quarter for Resource Capital Corp. (NYSE:RSO)

Receive News & Ratings for Resource Capital Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resource Capital Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply