Resource Capital Corp. (NYSE:RSO) Director Jeffrey P. Cohen bought 2,305 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average price of $9.65 per share, with a total value of $22,243.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Jeffrey P. Cohen also recently made the following trade(s):
- On Monday, November 6th, Jeffrey P. Cohen bought 3,000 shares of Resource Capital Corp. stock. The stock was purchased at an average price of $9.90 per share, with a total value of $29,700.00.
- On Wednesday, August 16th, Jeffrey P. Cohen bought 5,312 shares of Resource Capital Corp. stock. The stock was purchased at an average price of $10.30 per share, with a total value of $54,713.60.
- On Thursday, August 17th, Jeffrey P. Cohen bought 15,000 shares of Resource Capital Corp. stock. The stock was purchased at an average price of $10.26 per share, with a total value of $153,900.00.
Shares of Resource Capital Corp. (RSO) traded down $0.04 during mid-day trading on Thursday, reaching $9.55. 231,507 shares of the company’s stock traded hands, compared to its average volume of 304,291. 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 the Thomson Reuters’ consensus estimate of ($0.07) by ($0.29). The company 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%. The business’s revenue was down 28.0% compared to the same quarter last year. sell-side analysts anticipate that Resource Capital Corp. will post -0.7 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, September 29th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.20 annualized dividend and a yield of 2.09%. Resource Capital Corp.’s dividend payout ratio (DPR) is presently 16.13%.
Several equities research analysts recently issued reports on the stock. FBR & Co raised their target price on shares of Resource Capital Corp. from $9.75 to $11.50 and gave the company a “market perform” rating in a research note on Tuesday, August 8th. Zacks Investment Research downgraded shares of Resource Capital Corp. from a “buy” rating to a “hold” rating in a research note on Saturday, September 23rd. ValuEngine upgraded shares of Resource Capital Corp. from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, B. Riley reiterated a “neutral” rating on shares of Resource Capital Corp. in a research note on Friday, November 3rd. Five 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 a consensus rating of “Hold” and an average target price of $10.83.
Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in Resource Capital Corp. during the first quarter worth approximately $118,000. Silver Capital Management LLC acquired a new stake in Resource Capital Corp. during the third quarter worth approximately $119,000. UBS Asset Management Americas Inc. acquired a new stake in Resource Capital Corp. during the first quarter worth approximately $146,000. Menta Capital LLC acquired a new stake in Resource Capital Corp. during the second quarter worth approximately $147,000. Finally, American International Group Inc. lifted its position in Resource Capital Corp. by 7.0% during the first quarter. American International Group Inc. now owns 18,642 shares of the real estate investment trust’s stock worth $182,000 after acquiring an additional 1,225 shares during the last quarter. Hedge funds and other institutional investors own 45.41% of the company’s stock.
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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