Resource Capital Corp. (RSO) Stock Price Down 1.5%
Resource Capital Corp. (NYSE:RSO) shares dropped 1.5% during trading on Thursday . The company traded as low as $12.65 and last traded at $12.66, with a volume of 66,127 shares. The stock had previously closed at $12.85.
RSO has been the topic of a number of research analyst reports. Zacks Investment Research raised Resource Capital Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, July 6th. Keefe, Bruyette & Woods cut their price target on Resource Capital Corp. from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Wednesday, August 3rd. Finally, FBR & Co reissued a “buy” rating on shares of Resource Capital Corp. in a report on Thursday, August 4th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Resource Capital Corp. presently has an average rating of “Hold” and an average price target of $13.80.
The firm has a market cap of $388.37 million and a PE ratio of 25.21. The company’s 50 day moving average is $12.92 and its 200-day moving average is $11.95.
The company also recently declared a quarterly dividend, which was paid on Thursday, July 28th. Investors of record on Thursday, June 30th were paid a dividend of $0.42 per share. The ex-dividend date was Tuesday, June 28th. This represents a $1.68 annualized dividend and a yield of 13.20%.
In other news, insider David E. Bloom purchased 8,000 shares of the stock in a transaction that occurred on Wednesday, August 17th. The shares were purchased at an average cost of $12.87 per share, for a total transaction of $102,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Resource Capital Corp. is a real estate finance company. The Company invests in asset classes, which include commercial real estate-related assets, residential real estate-related assets and commercial finance assets. Its investments in commercial real estate-related assets include first mortgage loans (referred as whole loans); first priority interests in first mortgage loans; subordinated interests in first mortgage loans, and commercial mortgage-backed securities.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.