Resource Capital Corp. (NYSE:RSO) Director Jeffrey P. Cohen acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was bought at an average price of $9.26 per share, with a total value of $92,600.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
RSO stock traded down $0.04 during trading on Friday, hitting $9.62. The company had a trading volume of 83,209 shares, compared to its average volume of 223,067. The stock has a market capitalization of $300.66, a PE ratio of -11.19 and a beta of 0.92. Resource Capital Corp. has a 12 month low of $8.51 and a 12 month high of $11.38. The company has a debt-to-equity ratio of 1.73, a current ratio of 141.52 and a quick ratio of 141.52.
Resource Capital (NYSE:RSO) last issued its earnings results on Wednesday, March 7th. The real estate investment trust reported ($0.15) EPS for the quarter. The business had revenue of $11.03 million for the quarter. Resource Capital had a net margin of 76.28% and a negative return on equity of 1.36%. equities analysts expect that Resource Capital Corp. will post 0.18 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, March 30th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Wednesday, March 28th. Resource Capital’s payout ratio is -23.26%.
RSO has been the subject of several research analyst reports. ValuEngine upgraded shares of Resource Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. JMP Securities upgraded shares of Resource Capital from a “market perform” rating to an “outperform” rating in a research report on Wednesday, March 14th. Finally, Zacks Investment Research cut shares of Resource Capital from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $11.75.
Several institutional investors have recently modified their holdings of RSO. Voya Investment Management LLC raised its position in shares of Resource Capital by 10.6% during the 2nd quarter. Voya Investment Management LLC now owns 22,835 shares of the real estate investment trust’s stock valued at $232,000 after acquiring an additional 2,193 shares during the last quarter. State Street Corp raised its position in shares of Resource Capital by 3.9% during the 2nd quarter. State Street Corp now owns 614,862 shares of the real estate investment trust’s stock valued at $6,253,000 after acquiring an additional 23,228 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Resource Capital by 8.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,329 shares of the real estate investment trust’s stock valued at $299,000 after acquiring an additional 2,218 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Resource Capital by 32.1% during the 3rd quarter. Prudential Financial Inc. now owns 195,672 shares of the real estate investment trust’s stock valued at $2,110,000 after acquiring an additional 47,600 shares during the last quarter. Finally, Silver Capital Management LLC bought a new stake in shares of Resource Capital during the 3rd quarter valued at $119,000. Institutional investors own 52.64% of the company’s stock.
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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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