Resource Capital Corp. (NYSE:RSO) President Matthew J. Stern acquired 1,750 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were purchased at an average cost of $9.05 per share, for a total transaction of $15,837.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of RSO stock opened at $9.62 on Friday. The company has a current ratio of 141.52, a quick ratio of 141.52 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $300.66, a P/E ratio of -11.19 and a beta of 0.92. Resource Capital Corp. has a one year low of $8.51 and a one year high of $11.38.
Resource Capital (NYSE:RSO) last announced its quarterly earnings results on Wednesday, March 7th. The real estate investment trust reported ($0.15) EPS for the quarter. The company had revenue of $11.03 million during the quarter. Resource Capital had a net margin of 76.28% and a negative return on equity of 1.36%. research analysts expect that Resource Capital Corp. will post 0.18 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, March 30th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Wednesday, March 28th. Resource Capital’s dividend payout ratio is -23.26%.
Several analysts have recently weighed in on RSO shares. Zacks Investment Research lowered Resource Capital from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. ValuEngine raised Resource Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, JMP Securities raised Resource Capital from a “market perform” rating to an “outperform” rating in a research note on Wednesday, March 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $11.75.
A number of hedge funds have recently made changes to their positions in the stock. Silver Capital Management LLC acquired a new position in Resource Capital in the third quarter worth $119,000. First Quadrant L P CA acquired a new position in Resource Capital in the fourth quarter worth $120,000. MetLife Investment Advisors LLC acquired a new position in Resource Capital in the fourth quarter worth $150,000. Atria Investments LLC acquired a new position in Resource Capital in the fourth quarter worth $158,000. Finally, Nisa Investment Advisors LLC boosted its stake in Resource Capital by 120.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 17,200 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 9,400 shares in the last quarter. 52.64% of the stock is currently owned by institutional investors and hedge funds.
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About Resource Capital
Resource Capital Corp., a real estate investment trust, primarily focuses on the origination, holding, and management of commercial mortgage loans and other commercial real estate-related debt investments in the United States. It invests in commercial real estate-related assets, such as first mortgage loans, first priority interests in first mortgage real estate loans, subordinate interests in first mortgage real estate loans, mezzanine debt, commercial mortgage-backed securities, commercial real estate; and residential real estate-related assets, including residential mortgage loans and mortgaged-backed securities.
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