Media coverage about Resource Capital (NYSE:RSO) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Resource Capital earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 47.2162786452998 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Resource Capital (RSO) traded down $0.13 during trading hours on Friday, reaching $9.62. 119,056 shares of the company were exchanged, compared to its average volume of 266,341. The firm has a market cap of $305.99, a price-to-earnings ratio of 35.63 and a beta of 1.09. 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 has a 1-year low of $7.90 and a 1-year high of $11.38.
Resource Capital (NYSE:RSO) last announced 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 analyst estimates of $9.34 million. Resource Capital had a negative return on equity of 1.23% and a net margin of 63.00%. The company’s revenue for the quarter was down 28.0% compared to the same quarter last year. equities analysts anticipate that Resource Capital will post -0.7 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.20 dividend on an annualized basis and a yield of 2.08%. Resource Capital’s payout ratio is 74.07%.
A number of research analysts recently issued reports on the stock. B. Riley reiterated a “neutral” rating on shares of Resource Capital in a research note on Friday, November 3rd. Zacks Investment Research lowered shares of Resource Capital from a “hold” rating to a “sell” rating in a research note on Thursday. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $11.75.
In other news, Director William B. Hart acquired 3,000 shares of Resource Capital stock in a transaction on Friday, November 17th. The shares were purchased at an average cost of $9.61 per share, for a total transaction of $28,830.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired 10,805 shares of company stock worth $104,798 over the last quarter. Corporate insiders own 4.82% of the company’s stock.
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About Resource Capital
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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