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%.

WARNING: “Resource Capital Corp. (RSO) Receives Average Recommendation of “Hold” from Analysts” was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be read at

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.

Receive News & Ratings for Resource Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resource Capital and related companies with's FREE daily email newsletter.

Leave a Reply