Shares of Resource Capital Corp. (NYSE:RSO) have earned an average recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $11.50.
A number of analysts recently commented on RSO shares. Zacks Investment Research cut shares of Resource Capital from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. ValuEngine upgraded shares of Resource Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, JMP Securities upgraded shares of Resource Capital from a “market perform” rating to an “outperform” rating in a research note on Wednesday.
In other Resource Capital news, CEO Robert C. Lieber acquired 20,000 shares of the firm’s stock in a transaction on 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 purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jeffrey P. Cohen acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, March 13th. The shares were acquired at an average price of $9.26 per share, with a total value of $92,600.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 35,775 shares of company stock valued at $236,737. Company insiders own 4.82% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vivaldi Asset Management LLC lifted its stake in Resource Capital by 19.7% during the 3rd quarter. Vivaldi Asset Management LLC now owns 1,359,095 shares of the real estate investment trust’s stock valued at $14,651,000 after acquiring an additional 223,753 shares during the period. Kennedy Capital Management Inc. lifted its stake in Resource Capital by 3.7% during the 4th quarter. Kennedy Capital Management Inc. now owns 988,927 shares of the real estate investment trust’s stock valued at $9,266,000 after acquiring an additional 35,070 shares during the period. State Street Corp lifted its stake in 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 period. Tahithromos L.L.C. lifted its stake in Resource Capital by 7.9% during the 3rd quarter. Tahithromos L.L.C. now owns 455,088 shares of the real estate investment trust’s stock valued at $4,906,000 after acquiring an additional 33,187 shares during the period. Finally, HBK Investments L P acquired a new stake in Resource Capital during the 4th quarter valued at approximately $3,556,000. Institutional investors and hedge funds own 52.64% of the company’s stock.
Resource Capital (RSO) traded up $0.14 during mid-day trading on Wednesday, reaching $9.67. 592,643 shares of the company were exchanged, compared to its average volume of 172,365. The firm has a market cap of $299.09, a PE ratio of 50.89 and a beta of 1.02. 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 one year low of $8.51 and a one year high of $11.38.
Resource Capital (NYSE:RSO) last released its 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 negative return on equity of 1.34% and a net margin of 76.28%. sell-side analysts anticipate that Resource Capital will post 0.18 earnings per share for the current year.
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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.
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