William B. Hart Buys 3,000 Shares of Resource Capital Corp. (NYSE:RSO) Stock

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.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another domain, it was stolen and republished in violation of US and international trademark and copyright law. The original version of this story can be accessed at https://www.dispatchtribunal.com/2017/12/07/william-b-hart-acquires-3000-shares-of-resource-capital-corp-rso-stock.html.

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.

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