Analysts Set Resource Capital Corp. (RSO) Price Target at $11.50

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.

How to Become a New Pot Stock Millionaire

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.

TRADEMARK VIOLATION WARNING: “Analysts Set Resource Capital Corp. (RSO) Price Target at $11.50” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another website, it was illegally copied and reposted in violation of US & international copyright and trademark law. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/04/11/analysts-set-resource-capital-corp-rso-price-target-at-11-50.html.

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.

Receive News & Ratings for Resource Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resource Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply