Resource Capital Corp. (RSO) Given Consensus Rating of “Hold” by Brokerages

Resource Capital Corp. (NYSE:RSO) has earned an average rating of “Hold” from the six research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $11.50.

A number of research firms have recently weighed in on RSO. B. Riley reissued a “neutral” rating on shares of Resource Capital in a report on Friday, November 3rd. Zacks Investment Research downgraded Resource Capital from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th.

Shares of Resource Capital (RSO) opened at $8.98 on Friday. Resource Capital has a twelve month low of $7.90 and a twelve month high of $11.38. The company has a current ratio of 134.66, a quick ratio of 134.66 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $278.06, a price-to-earnings ratio of 33.26 and a beta of 0.99.

The business also recently declared a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, December 29th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, December 28th. Resource Capital’s dividend payout ratio (DPR) is presently 74.07%.

A number of hedge funds have recently bought and sold shares of RSO. HBK Investments L P acquired a new position in Resource Capital in the fourth quarter valued at about $3,556,000. Two Sigma Advisers LP raised its stake in Resource Capital by 406.7% in the fourth quarter. Two Sigma Advisers LP now owns 303,264 shares of the real estate investment trust’s stock valued at $2,842,000 after purchasing an additional 243,414 shares in the last quarter. Vivaldi Asset Management LLC raised its stake in Resource Capital by 19.7% in the third quarter. Vivaldi Asset Management LLC now owns 1,359,095 shares of the real estate investment trust’s stock valued at $14,651,000 after purchasing an additional 223,753 shares in the last quarter. Perritt Capital Management Inc. acquired a new position in Resource Capital in the fourth quarter valued at about $1,546,000. Finally, Two Sigma Investments LP raised its stake in Resource Capital by 147.5% in the fourth quarter. Two Sigma Investments LP now owns 236,872 shares of the real estate investment trust’s stock valued at $2,219,000 after purchasing an additional 141,181 shares in the last quarter. 50.83% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Resource Capital Corp. (RSO) Given Consensus Rating of “Hold” by Brokerages” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2018/02/17/resource-capital-corp-rso-given-consensus-rating-of-hold-by-brokerages.html.

Resource Capital 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.

Receive News & Ratings for Resource Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resource Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply