Resource Capital Corp. (NYSE:RSO) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Wednesday, July 12th.
A number of other research analysts have also recently weighed in on RSO. JMP Securities upgraded shares of Resource Capital Corp. from an “underperform” rating to a “market perform” rating in a research note on Tuesday, March 14th. Zacks Investment Research cut shares of Resource Capital Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th.
Shares of Resource Capital Corp. (NYSE RSO) traded down 0.72% during trading on Wednesday, hitting $11.05. The stock had a trading volume of 141,935 shares. Resource Capital Corp. has a 52-week low of $7.57 and a 52-week high of $13.57. The firm’s market cap is $346.84 million. The stock has a 50 day moving average of $10.03 and a 200 day moving average of $9.33.
Resource Capital Corp. (NYSE:RSO) last issued its quarterly earnings results 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. Resource Capital Corp. had a negative return on equity of 6.08% and a negative net margin of 48.78%. The business had revenue of $9.29 million for the quarter, compared to analysts’ expectations of $9.42 million. On average, equities analysts anticipate that Resource Capital Corp. will post $0.03 EPS for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new position in Resource Capital Corp. during the fourth quarter worth $381,000. State Street Corp boosted its position in Resource Capital Corp. by 1.1% in the fourth quarter. State Street Corp now owns 671,222 shares of the real estate investment trust’s stock worth $5,591,000 after buying an additional 7,472 shares during the period. Teachers Advisors LLC boosted its position in 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 during the period. IndexIQ Advisors LLC boosted its position in Resource Capital Corp. by 11.7% in the first quarter. IndexIQ Advisors LLC now owns 31,379 shares of the real estate investment trust’s stock worth $307,000 after buying an additional 3,287 shares during the period. Finally, Forward Management LLC boosted its stake in shares of Resource Capital Corp. by 4,586.6% in the first quarter. Forward Management LLC now owns 1,396,006 shares of the real estate investment trust’s stock valued at $13,639,000 after buying an additional 1,366,219 shares during the last quarter. Institutional investors own 46.02% of the company’s stock.
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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