Resource Capital Corp. (RSO) Receives Consensus Rating of “Hold” from Analysts

Shares of Resource Capital Corp. (NYSE:RSO) have earned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $11.50.

A number of analysts have issued reports on the company. ValuEngine raised Resource Capital from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th. JMP Securities raised Resource Capital from a “market perform” rating to an “outperform” rating in a report on Wednesday, March 14th. Finally, Zacks Investment Research downgraded Resource Capital from a “hold” rating to a “sell” rating in a report on Thursday, January 11th.

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NYSE:RSO opened at $9.62 on Friday. The firm has a market capitalization of $301.91, a P/E ratio of -11.19 and a beta of 0.92. Resource Capital has a 12-month low of $8.51 and a 12-month high of $11.38. The company has a quick ratio of 141.52, a current ratio of 141.52 and a debt-to-equity ratio of 1.73.

Resource Capital (NYSE:RSO) last released its earnings results on Wednesday, March 7th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter. The company had revenue of $11.03 million during the quarter. Resource Capital had a net margin of 76.28% and a negative return on equity of 1.36%. equities research analysts predict that Resource Capital will post 0.18 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, March 30th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Wednesday, March 28th. Resource Capital’s dividend payout ratio (DPR) is currently -23.26%.

In other news, CEO Robert C. Lieber bought 20,000 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were acquired at an average price of $4.56 per share, for a total transaction of $91,200.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey P. Cohen bought 10,000 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were purchased at an average price of $9.26 per share, for a total transaction of $92,600.00. The disclosure for this purchase can be found here. Insiders have bought 35,775 shares of company stock worth $236,737 in the last quarter. Insiders own 4.82% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. First Quadrant L P CA acquired a new position in Resource Capital in the 4th quarter valued at about $120,000. MetLife Investment Advisors LLC acquired a new position in Resource Capital in the 4th quarter valued at about $150,000. Atria Investments LLC acquired a new position in Resource Capital in the 4th quarter valued at about $158,000. Nisa Investment Advisors LLC increased its position in Resource Capital by 120.5% in the 4th 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 during the period. Finally, Wolverine Asset Management LLC acquired a new position in Resource Capital in the 4th quarter valued at about $177,000. Hedge funds and other 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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