Somewhat Favorable News Coverage Somewhat Unlikely to Affect Resource Capital Corp. (RSO) Stock Price
Media coverage about Resource Capital Corp. (NYSE:RSO) has been trending somewhat positive on Saturday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Resource Capital Corp. earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.1373888329744 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- Resource Capital Corp (RSO) Moves 0.00% – Sparta Review (spartareview.com)
- Resource Capital Corp. Resource (NYSE:RSO) Trading Up – Insiders Buying, Short Interest Falling – Modern Readers (modernreaders.com)
- Resource Capital Corp. (RSO) Director Jeffrey P. Cohen Acquires 5,312 Shares (americanbankingnews.com)
- Resource Capital Corp. (RSO) Director Jeffrey P. Cohen Acquires 15,000 Shares (americanbankingnews.com)
- Resource Capital Corp (RSO-A) TEMA Trending Higher – FLBC News (flbcnews.com)
RSO has been the subject of a number of recent research reports. BidaskClub lowered shares of Resource Capital Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research lowered shares of Resource Capital Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, FBR & Co boosted their price objective on shares of Resource Capital Corp. from $9.75 to $11.50 and gave the stock a “market perform” rating in a report on Tuesday, August 8th.
Shares of Resource Capital Corp. (NYSE:RSO) traded up 0.49% during midday trading on Friday, hitting $10.23. 202,461 shares of the stock were exchanged. The firm’s market cap is $315.42 million. The firm’s 50-day moving average is $10.27 and its 200 day moving average is $9.53. Resource Capital Corp. has a 52-week low of $7.57 and a 52-week high of $13.57.
Resource Capital Corp. (NYSE:RSO) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by $0.01. Resource Capital Corp. had a negative return on equity of 6.09% and a negative net margin of 48.78%. The business had revenue of $9.29 million for the quarter, compared to the consensus estimate of $9.42 million. On average, analysts forecast that Resource Capital Corp. will post ($0.20) earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, June 30th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.20 annualized dividend and a dividend yield of 1.96%. Resource Capital Corp.’s dividend payout ratio (DPR) is -10.93%.
In other Resource Capital Corp. news, Director Jeffrey P. Cohen bought 5,312 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was acquired at an average cost of $10.30 per share, for a total transaction of $54,713.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.82% of the stock is currently owned by company insiders.
Resource Capital Corp. 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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