Resource Capital Corp. (NYSE:RSO) Director William B. Hart purchased 3,000 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was bought at an average price of $9.61 per share, with a total value of $28,830.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
William B. Hart also recently made the following trade(s):
- On Wednesday, November 15th, William B. Hart purchased 2,500 shares of Resource Capital stock. The stock was bought at an average price of $9.61 per share, with a total value of $24,025.00.
Shares of Resource Capital Corp. (RSO) traded down $0.05 during trading on Thursday, reaching $9.64. The company had a trading volume of 244,297 shares, compared to its average volume of 302,220. Resource Capital Corp. has a 52 week low of $7.90 and a 52 week high of $11.38. The company has a quick ratio of 134.66, a current ratio of 134.66 and a debt-to-equity ratio of 1.60.
Resource Capital (NYSE:RSO) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.29). Resource Capital had a negative return on equity of 1.23% and a net margin of 63.00%. The business had revenue of $10.30 million during the quarter, compared to analysts’ expectations of $9.34 million. The company’s revenue for the quarter was down 28.0% compared to the same quarter last year. equities research analysts predict that Resource Capital Corp. will post -0.7 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in RSO. UBS Asset Management Americas Inc. purchased a new position in shares of Resource Capital during the first quarter worth $146,000. American International Group Inc. boosted its position in shares of Resource Capital by 7.0% during the first quarter. American International Group Inc. now owns 18,642 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 1,225 shares during the period. California Public Employees Retirement System boosted its position in shares of Resource Capital by 17.4% during the first quarter. California Public Employees Retirement System now owns 210,650 shares of the real estate investment trust’s stock worth $2,058,000 after buying an additional 31,200 shares during the period. Geode Capital Management LLC boosted its position in shares of Resource Capital by 3.4% during the first quarter. Geode Capital Management LLC now owns 224,608 shares of the real estate investment trust’s stock worth $2,194,000 after buying an additional 7,393 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Resource Capital during the first quarter worth $920,000. Institutional investors and hedge funds own 50.19% of the company’s stock.
Several research analysts recently weighed in on RSO shares. Zacks Investment Research upgraded Resource Capital from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. ValuEngine upgraded Resource Capital from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, B. Riley reiterated a “neutral” rating on shares of Resource Capital in a research report on Friday, November 3rd. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Resource Capital currently has an average rating of “Hold” and a consensus target price of $11.75.
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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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