FY2017 EPS Estimates for Resource Capital Corp. Reduced by Analyst (NYSE:RSO)
Resource Capital Corp. (NYSE:RSO) – Research analysts at FBR & Co reduced their FY2017 EPS estimates for Resource Capital Corp. in a research note issued to investors on Tuesday. FBR & Co analyst J. Levi-Ribner now forecasts that the real estate investment trust will earn ($0.33) per share for the year, down from their previous estimate of ($0.23). FBR & Co also issued estimates for Resource Capital Corp.’s Q1 2018 earnings at ($0.04) EPS and Q4 2018 earnings at $0.08 EPS.
Resource Capital Corp. (NYSE:RSO) last announced its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.17. The firm had revenue of $11.22 million during the quarter, compared to analysts’ expectations of $8.90 million. Resource Capital Corp. had a negative return on equity of 4.90% and a negative net margin of 47.84%.
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Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Resource Capital Corp. from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub cut Resource Capital Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Five equities research analysts have rated the stock with a hold rating, Resource Capital Corp. has a consensus rating of “Hold” and a consensus price target of $9.92.
Shares of Resource Capital Corp. (RSO) opened at 9.53 on Thursday. Resource Capital Corp. has a 52 week low of $7.57 and a 52 week high of $13.73. The company’s market capitalization is $293.52 million. The stock has a 50 day moving average price of $9.90 and a 200-day moving average price of $9.22.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, June 30th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.10%. Resource Capital Corp.’s dividend payout ratio is presently -10.20%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC raised its position in shares of Resource Capital Corp. by 0.7% in the fourth quarter. Teachers Advisors LLC now owns 77,292 shares of the real estate investment trust’s stock worth $644,000 after buying an additional 558 shares in the last quarter. Tahithromos L.L.C. raised its position in shares of Resource Capital Corp. by 34.6% in the first quarter. Tahithromos L.L.C. now owns 338,510 shares of the real estate investment trust’s stock worth $3,307,000 after buying an additional 86,997 shares in the last quarter. Vivaldi Asset Management LLC raised its position in shares of Resource Capital Corp. by 105.2% in the first quarter. Vivaldi Asset Management LLC now owns 160,724 shares of the real estate investment trust’s stock worth $1,570,000 after buying an additional 82,383 shares in the last quarter. Vivaldi Capital Management LLC bought a new position in shares of Resource Capital Corp. during the first quarter worth $1,416,074,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Resource Capital Corp. during the first quarter worth $216,000. 45.42% of the stock is currently owned by hedge funds and other 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.
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