Resource Capital Corp. (RSO) Director Jeffrey P. Cohen Purchases 2,305 Shares

Resource Capital Corp. (NYSE:RSO) Director Jeffrey P. Cohen acquired 2,305 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was bought at an average price of $9.65 per share, for a total transaction of $22,243.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jeffrey P. Cohen also recently made the following trade(s):

  • On Monday, November 6th, Jeffrey P. Cohen acquired 3,000 shares of Resource Capital Corp. stock. The stock was bought at an average price of $9.90 per share, for a total transaction of $29,700.00.
  • On Wednesday, August 16th, Jeffrey P. Cohen acquired 5,312 shares of Resource Capital Corp. stock. The stock was bought at an average price of $10.30 per share, for a total transaction of $54,713.60.
  • On Thursday, August 17th, Jeffrey P. Cohen acquired 15,000 shares of Resource Capital Corp. stock. The stock was bought at an average price of $10.26 per share, for a total transaction of $153,900.00.

Shares of Resource Capital Corp. (NYSE:RSO) opened at $9.60 on Tuesday. Resource Capital Corp. has a 52-week low of $7.57 and a 52-week high of $11.38. The company has a debt-to-equity ratio of 1.60, a quick ratio of 134.66 and a current ratio of 134.66.

Resource Capital Corp. (NYSE:RSO) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported ($0.36) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.29). Resource Capital Corp. had a net margin of 63.00% and a negative return on equity of 1.23%. The firm had revenue of $10.30 million during the quarter, compared to analysts’ expectations of $9.34 million. Resource Capital Corp.’s revenue was down 28.0% on a year-over-year basis. analysts expect that Resource Capital Corp. will post -0.7 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, September 29th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Thursday, September 28th. Resource Capital Corp.’s dividend payout ratio is presently 74.07%.

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Several equities research analysts recently weighed in on RSO shares. Zacks Investment Research raised shares of Resource Capital Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. FBR & Co upped their target price on shares of Resource Capital Corp. from $9.75 to $11.50 and gave the stock a “market perform” rating in a research note on Tuesday, August 8th. ValuEngine raised shares of Resource Capital Corp. from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, B. Riley reaffirmed a “neutral” rating on shares of Resource Capital Corp. in a research note on Friday, November 3rd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $10.83.

Several large investors have recently made changes to their positions in RSO. Vivaldi Asset Management LLC increased its position in shares of Resource Capital Corp. by 606.4% in the 2nd quarter. Vivaldi Asset Management LLC now owns 1,135,342 shares of the real estate investment trust’s stock valued at $11,546,000 after purchasing an additional 974,618 shares during the last quarter. Kennedy Capital Management Inc. grew its position in shares of Resource Capital Corp. by 119.8% in the 2nd quarter. Kennedy Capital Management Inc. now owns 575,246 shares of the real estate investment trust’s stock valued at $5,850,000 after buying an additional 313,581 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Resource Capital Corp. by 315.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 301,627 shares of the real estate investment trust’s stock valued at $2,946,000 after buying an additional 229,052 shares during the last quarter. Prudential Financial Inc. grew its position in shares of Resource Capital Corp. by 481.8% in the 2nd quarter. Prudential Financial Inc. now owns 148,072 shares of the real estate investment trust’s stock valued at $1,505,000 after buying an additional 122,620 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Resource Capital Corp. in the 1st quarter valued at $920,000. 45.41% of the stock is currently owned by institutional investors.

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.

Insider Buying and Selling by Quarter for Resource Capital Corp. (NYSE:RSO)

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