Resource Capital Corp. (NYSE:RSO) has been assigned an average rating of “Hold” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $11.50.
Several equities research analysts have recently commented on RSO shares. ValuEngine upgraded shares of Resource Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. JMP Securities upgraded shares of Resource Capital from a “market perform” rating to an “outperform” rating in a research report on Wednesday. Finally, Zacks Investment Research cut shares of Resource Capital from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th.
Shares of Resource Capital (NYSE:RSO) opened at $8.98 on Wednesday. Resource Capital has a 1 year low of $8.02 and a 1 year 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. The company has a market cap of $289.05, a P/E ratio of 47.26 and a beta of 1.02.
In other news, Director Jeffrey P. Cohen acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The stock was purchased at an average price of $9.26 per share, for a total transaction of $92,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert C. Lieber acquired 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were purchased at an average price of $4.56 per share, with a total value of $91,200.00. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 35,775 shares of company stock valued at $236,737. 4.82% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of RSO. HBK Investments L P acquired a new position in Resource Capital during the fourth quarter valued at approximately $3,556,000. Two Sigma Advisers LP grew its holdings in Resource Capital by 406.7% during the fourth quarter. Two Sigma Advisers LP now owns 303,264 shares of the real estate investment trust’s stock valued at $2,842,000 after purchasing an additional 243,414 shares during the period. Vivaldi Asset Management LLC grew its holdings in Resource Capital by 19.7% during the third quarter. Vivaldi Asset Management LLC now owns 1,359,095 shares of the real estate investment trust’s stock valued at $14,651,000 after purchasing an additional 223,753 shares during the period. Perritt Capital Management Inc. acquired a new position in Resource Capital during the fourth quarter valued at approximately $1,546,000. Finally, Two Sigma Investments LP grew its holdings in Resource Capital by 147.5% during the fourth quarter. Two Sigma Investments LP now owns 236,872 shares of the real estate investment trust’s stock valued at $2,219,000 after purchasing an additional 141,181 shares during the period. Hedge funds and other institutional investors own 52.64% of the company’s stock.
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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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