Resource Capital Corp. (RSO) Scheduled to Post Quarterly Earnings on Wednesday
Resource Capital Corp. (NYSE:RSO) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of ($0.06) per share for the quarter.
Resource Capital Corp. (NYSE:RSO) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01). The company had revenue of $9.29 million during the quarter, compared to the consensus estimate of $9.42 million. Resource Capital Corp. had a negative net margin of 48.78% and a negative return on equity of 6.09%. On average, analysts expect Resource Capital Corp. to post $-0.35 EPS for the current fiscal year and $0.07 EPS for the next fiscal year.
Resource Capital Corp. (NYSE RSO) opened at 10.35 on Wednesday. The stock has a 50 day moving average price of $10.45 and a 200 day moving average price of $10.06. The company’s market cap is $319.12 million. Resource Capital Corp. has a one year low of $7.57 and a one year high of $12.77.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, September 29th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Thursday, September 28th. Resource Capital Corp.’s payout ratio is -10.93%.
A number of research analysts have recently weighed in on RSO shares. Zacks Investment Research raised shares of Resource Capital Corp. from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Wednesday, September 27th. ValuEngine upgraded shares of Resource Capital Corp. from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub cut shares of Resource Capital Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, FBR & Co increased 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. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Resource Capital Corp. has an average rating of “Hold” and an average target price of $10.83.
In related news, Director Jeffrey P. Cohen bought 5,312 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average cost of $10.30 per share, with a total value of $54,713.60. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 4.82% of the stock is owned by company insiders.
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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