Resource Capital Corp. (RSO) Receives Average Recommendation of “Hold” from Analysts

Shares of Resource Capital Corp. (NYSE:RSO) have earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $11.50.

Several brokerages have recently issued reports on RSO. B. Riley restated a “neutral” rating on shares of Resource Capital in a research note on Friday, November 3rd. Zacks Investment Research downgraded shares of Resource Capital from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th.

In other Resource Capital news, Director William B. Hart purchased 3,000 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were purchased at an average price of $9.61 per share, for a total transaction of $28,830.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have acquired 10,805 shares of company stock worth $104,798 in the last quarter. Corporate insiders own 4.82% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of RSO. Silver Capital Management LLC acquired a new stake in Resource Capital during the third quarter worth $119,000. Menta Capital LLC acquired a new stake in Resource Capital during the second quarter worth $147,000. Atria Investments LLC acquired a new stake in Resource Capital during the fourth quarter worth $158,000. Nisa Investment Advisors LLC boosted its stake in Resource Capital by 120.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 17,200 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 9,400 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in Resource Capital during the third quarter worth $189,000. Hedge funds and other institutional investors own 50.28% of the company’s stock.

Shares of Resource Capital (NYSE RSO) opened at $9.66 on Tuesday. The stock has a market cap of $303.48, a price-to-earnings ratio of 7.79 and a beta of 1.13. 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 has a 52 week low of $7.90 and a 52 week high of $11.38.

Resource Capital (NYSE:RSO) last announced 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 consensus estimate of ($0.07) by ($0.29). The company had revenue of $10.30 million during the quarter, compared to analyst estimates of $9.34 million. Resource Capital had a negative return on equity of 1.23% and a net margin of 63.00%. The business’s revenue for the quarter was down 28.0% compared to the same quarter last year. research analysts expect that Resource Capital will post -0.71 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.20 dividend on an annualized basis and a yield of 2.07%. Resource Capital’s dividend payout ratio is currently 16.13%.

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About Resource Capital

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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