ValuEngine upgraded shares of Resource Capital (NYSE:RSO) from a sell rating to a hold rating in a research report report published on Wednesday, March 14th.
A number of other analysts have also recently weighed in on RSO. JMP Securities raised shares of Resource Capital from a market perform rating to an outperform rating in a report on Wednesday, March 14th. Zacks Investment Research cut shares of Resource Capital from a hold rating to a sell rating in a 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 company. Resource Capital presently has a consensus rating of Hold and an average target price of $11.75.
NYSE:RSO traded down $0.04 during mid-day trading on Wednesday, hitting $9.62. The stock had a trading volume of 85,212 shares, compared to its average volume of 269,985. The company has a quick ratio of 141.52, a current ratio of 141.52 and a debt-to-equity ratio of 1.73. Resource Capital has a twelve month low of $8.51 and a twelve month high of $11.38. The stock has a market cap of $303.17, a price-to-earnings ratio of -11.19 and a beta of 0.92.
Resource Capital (NYSE:RSO) last released its quarterly earnings data on Wednesday, March 7th. The real estate investment trust reported ($0.15) earnings per share for the quarter. Resource Capital had a negative return on equity of 1.36% and a net margin of 76.28%. The company had revenue of $11.03 million for the quarter. equities analysts anticipate that Resource Capital will post 0.18 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, March 30th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.20 dividend on an annualized basis and a yield of 2.08%. Resource Capital’s payout ratio is currently -23.26%.
In other Resource Capital news, Director Jeffrey P. Cohen bought 10,000 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were acquired at an average cost of $9.26 per share, with a total value of $92,600.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Robert C. Lieber bought 20,000 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was acquired at an average cost of $4.56 per share, for a total transaction of $91,200.00. The disclosure for this purchase can be found here. Insiders bought a total of 35,775 shares of company stock worth $236,737 over the last ninety days. Corporate insiders own 4.82% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC acquired a new position in shares of Resource Capital in the 4th quarter valued at $150,000. HBK Investments L P acquired a new position in shares of Resource Capital in the 4th quarter valued at $3,556,000. Two Sigma Investments LP increased its holdings in shares of Resource Capital by 147.5% in the 4th quarter. Two Sigma Investments LP now owns 236,872 shares of the real estate investment trust’s stock valued at $2,219,000 after acquiring an additional 141,181 shares during the period. Two Sigma Advisers LP increased its holdings in shares of Resource Capital by 406.7% in the 4th quarter. Two Sigma Advisers LP now owns 303,264 shares of the real estate investment trust’s stock valued at $2,842,000 after acquiring an additional 243,414 shares during the period. Finally, Deutsche Bank AG increased its holdings in shares of Resource Capital by 151.5% in the 4th quarter. Deutsche Bank AG now owns 70,937 shares of the real estate investment trust’s stock valued at $664,000 after acquiring an additional 42,730 shares during the period. 52.64% of the stock is currently owned by institutional investors and hedge funds.
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Resource Capital Company Profile
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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