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.
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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.
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