News stories about Resource Capital (NYSE:RSO) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Resource Capital earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 44.7366015530197 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of RSO opened at $9.62 on Friday. 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. The firm has a market cap of $301.91, a PE ratio of -11.19 and a beta of 0.92.
Resource Capital (NYSE:RSO) last issued its quarterly earnings data on Wednesday, March 7th. The real estate investment trust reported ($0.15) EPS for the quarter. Resource Capital had a net margin of 76.28% and a negative return on equity of 1.36%. The business had revenue of $11.03 million for the quarter. analysts forecast that Resource Capital will post 0.18 earnings per share for the current year.
RSO has been the subject of several analyst reports. Zacks Investment Research lowered Resource Capital from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. ValuEngine lowered Resource Capital from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Finally, JMP Securities upgraded Resource Capital from a “market perform” rating to an “outperform” rating in a report on Wednesday, March 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $11.75.
In other news, Director Jeffrey P. Cohen bought 10,000 shares of Resource Capital stock in a transaction that occurred on Tuesday, March 13th. The stock was bought at an average price of $9.26 per share, for a total transaction of $92,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert C. Lieber bought 20,000 shares of Resource Capital stock in a transaction that occurred on Tuesday, March 13th. The stock was purchased at an average price of $4.56 per share, with a total value of $91,200.00. The disclosure for this purchase can be found here. Insiders purchased a total of 35,775 shares of company stock valued at $236,737 in the last 90 days. 4.82% of the stock is currently owned by company insiders.
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Resource Capital Company Profile
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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