Shares of Resource Capital Corp. (NYSE:RSO) have received a consensus rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $11.50.
A number of research firms recently commented on RSO. Zacks Investment Research downgraded 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 report on Wednesday, March 7th. Finally, JMP Securities raised Resource Capital from a “market perform” rating to an “outperform” rating in a report on Wednesday, March 14th.
Shares of NYSE RSO opened at $9.79 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 141.52 and a current ratio of 141.52. Resource Capital has a fifty-two week low of $8.51 and a fifty-two week high of $11.38.
Resource Capital (NYSE:RSO) last issued its quarterly earnings results on Wednesday, March 7th. The real estate investment trust reported ($0.15) earnings per share for the quarter. The business had revenue of $11.03 million during the quarter. Resource Capital had a negative return on equity of 1.36% and a net margin of 76.28%. equities analysts predict that Resource Capital will post 0.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, March 30th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Wednesday, March 28th. Resource Capital’s dividend payout ratio (DPR) is -23.26%.
In related news, CEO Robert C. Lieber purchased 20,000 shares of Resource Capital stock in a transaction that occurred on Tuesday, March 13th. The stock was bought at an average cost of $4.56 per share, for a total transaction of $91,200.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey P. Cohen purchased 10,000 shares of Resource Capital stock in a transaction that occurred on Tuesday, March 13th. The shares were bought 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. Insiders have purchased 35,775 shares of company stock valued at $236,737 in the last ninety days. Corporate insiders own 4.82% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Mackenzie Financial Corp raised its position in Resource Capital by 68.6% during the third quarter. Mackenzie Financial Corp now owns 18,638 shares of the real estate investment trust’s stock valued at $201,000 after acquiring an additional 7,584 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Resource Capital by 120.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 17,200 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 9,400 shares in the last quarter. First Quadrant L P CA purchased a new position in Resource Capital during the fourth quarter valued at approximately $120,000. OxFORD Asset Management LLP raised its position in Resource Capital by 46.7% during the third quarter. OxFORD Asset Management LLP now owns 42,823 shares of the real estate investment trust’s stock valued at $459,000 after acquiring an additional 13,624 shares in the last quarter. Finally, MetLife Investment Advisors LLC purchased a new position in Resource Capital during the fourth quarter valued at approximately $150,000. 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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