Resource Capital Corp. (NYSE:RSO) – Equities research analysts at B. Riley issued their Q1 2019 earnings per share (EPS) estimates for Resource Capital in a note issued to investors on Thursday. B. Riley analyst J. Levi-Ribner anticipates that the real estate investment trust will post earnings of ($0.03) per share for the quarter. B. Riley currently has a “Neutral” rating on the stock. B. Riley also issued estimates for Resource Capital’s Q2 2019 earnings at ($0.01) EPS, Q3 2019 earnings at $0.02 EPS, Q4 2019 earnings at $0.03 EPS and FY2019 earnings at $0.00 EPS.
Separately, Zacks Investment Research raised Resource Capital from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Wednesday, September 20th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $11.75.
Resource Capital (NYSE:RSO) traded down $0.13 on Friday, hitting $9.62. The stock had a trading volume of 119,056 shares, compared to its average volume of 266,341. The company has a market capitalization of $305.99, a PE ratio of 35.63 and a beta of 1.09. Resource Capital has a 1 year low of $7.90 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.
Resource Capital (NYSE:RSO) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.29). Resource Capital had a net margin of 63.00% and a negative return on equity of 1.23%. The company had revenue of $10.30 million for the quarter, compared to analysts’ expectations of $9.34 million. The business’s revenue was down 28.0% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Stockholders 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 dividend yield of 2.08%. Resource Capital’s dividend payout ratio is 74.07%.
In other Resource Capital news, Director Jeffrey P. Cohen bought 3,000 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were purchased at an average price of $9.90 per share, with a total value of $29,700.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have bought 10,805 shares of company stock worth $104,798. Insiders own 4.82% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in RSO. Beach Investment Management LLC. grew its stake in shares of Resource Capital by 16.3% during the second quarter. Beach Investment Management LLC. now owns 57,743 shares of the real estate investment trust’s stock valued at $587,000 after buying an additional 8,099 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Resource Capital by 27.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 199,840 shares of the real estate investment trust’s stock valued at $2,033,000 after buying an additional 42,858 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Resource Capital by 481.8% during the second quarter. Prudential Financial Inc. now owns 148,072 shares of the real estate investment trust’s stock valued at $1,505,000 after buying an additional 122,620 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Resource Capital by 27.9% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,662 shares of the real estate investment trust’s stock valued at $485,000 after buying an additional 10,387 shares during the last quarter. Finally, Kennedy Capital Management Inc. grew its stake in shares of Resource Capital by 119.8% during the second quarter. Kennedy Capital Management Inc. now owns 575,246 shares of the real estate investment trust’s stock valued at $5,850,000 after buying an additional 313,581 shares during the last quarter. 50.19% of the stock is currently owned by hedge funds and other institutional investors.
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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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