Media coverage about Resource Capital (NYSE:RSO) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Resource Capital earned a coverage optimism score of 0.02 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 45.6104664252903 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several equities research analysts have commented on RSO shares. FBR & Co upped their target price on Resource Capital from $9.75 to $11.50 and gave the stock a “market perform” rating in a research note on Tuesday, August 8th. Zacks Investment Research downgraded Resource Capital from a “buy” rating to a “hold” rating in a research note on Saturday, September 23rd. ValuEngine raised Resource Capital from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, B. Riley reaffirmed a “neutral” rating on shares of Resource Capital in a research note on Friday, November 3rd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $11.75.
Resource Capital (NYSE RSO) traded down $0.02 during mid-day trading on Monday, reaching $9.90. The company’s stock had a trading volume of 141,627 shares, compared to its average volume of 303,048. 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 has a 52 week low of $7.90 and a 52 week high of $11.38.
Resource Capital (NYSE:RSO) last posted its quarterly earnings results 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). Resource Capital had a net margin of 63.00% and a negative return on equity of 1.23%. The company had revenue of $10.30 million during the quarter, compared to analyst estimates of $9.34 million. The firm’s quarterly revenue was down 28.0% on a year-over-year basis. equities analysts forecast that Resource Capital will post -0.7 EPS for the current fiscal year.
In other news, Director William B. Hart purchased 3,000 shares of the business’s stock in a transaction on Friday, November 17th. The shares were bought at an average price of $9.61 per share, with a total value of $28,830.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders have acquired 10,805 shares of company stock worth $104,798. 4.82% of the stock is currently owned by corporate insiders.
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Resource Capital 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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