William B. Hart Buys 2,500 Shares of Resource Capital Corp. (RSO) Stock
Resource Capital Corp. (NYSE:RSO) Director William B. Hart acquired 2,500 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was purchased at an average price of $9.61 per share, for a total transaction of $24,025.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Resource Capital Corp. (NYSE:RSO) traded up $0.06 during trading hours on Friday, hitting $9.60. The company had a trading volume of 181,831 shares, compared to its average volume of 331,131. The company has a debt-to-equity ratio of 1.60, a current ratio of 134.66 and a quick ratio of 134.66. Resource Capital Corp. has a 1 year low of $7.90 and a 1 year high of $11.38.
Resource Capital Corp. (NYSE:RSO) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.29). The business had revenue of $10.30 million for the quarter, compared to analyst estimates of $9.34 million. Resource Capital Corp. had a negative return on equity of 1.23% and a net margin of 63.00%. Resource Capital Corp.’s revenue for the quarter was down 28.0% on a year-over-year basis. sell-side analysts forecast that Resource Capital Corp. will post -0.7 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, September 29th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Thursday, September 28th. Resource Capital Corp.’s dividend payout ratio is currently 16.13%.
RSO has been the subject of a number of recent research reports. Zacks Investment Research raised Resource Capital Corp. from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Wednesday, September 27th. ValuEngine raised Resource Capital Corp. from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. FBR & Co raised their target price on Resource Capital Corp. from $9.75 to $11.50 and gave the stock a “market perform” rating in a research note on Tuesday, August 8th. Finally, B. Riley reaffirmed a “neutral” rating on shares of Resource Capital Corp. in a research note on Friday, November 3rd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Resource Capital Corp. presently has an average rating of “Hold” and an average price target of $10.83.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RSO. UBS Asset Management Americas Inc. acquired a new position in Resource Capital Corp. in the 1st quarter valued at about $146,000. American International Group Inc. grew its position in Resource Capital Corp. by 7.0% in the 1st quarter. American International Group Inc. now owns 18,642 shares of the real estate investment trust’s stock valued at $182,000 after acquiring an additional 1,225 shares in the last quarter. California Public Employees Retirement System grew its position in Resource Capital Corp. by 17.4% in the 1st quarter. California Public Employees Retirement System now owns 210,650 shares of the real estate investment trust’s stock valued at $2,058,000 after acquiring an additional 31,200 shares in the last quarter. Geode Capital Management LLC grew its position in Resource Capital Corp. by 3.4% in the 1st quarter. Geode Capital Management LLC now owns 224,608 shares of the real estate investment trust’s stock valued at $2,194,000 after acquiring an additional 7,393 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Resource Capital Corp. in the 1st quarter valued at about $920,000. 45.41% of the stock is owned by institutional investors.
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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