Media coverage about Resource Capital Corp. (NYSE:RSO) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Resource Capital Corp. earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 45.7430265319657 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern’s analysis:
- 13G Filing: Oaktree Capital Management and Resource Capital Corp. (RSO) – Insider Monkey (blog) (insidermonkey.com)
- Resource Capital: Capital Appreciation And High Yield (seekingalpha.com)
- Resource Capital Corporation: How Is Management Performing? (seekingalpha.com)
- Resource Capital Corp. (RSO) Upgraded to Hold by Zacks Investment Research (americanbankingnews.com)
Resource Capital Corp. (NYSE RSO) traded up 0.79% on Tuesday, reaching $10.20. The company’s stock had a trading volume of 113,005 shares. The company’s market cap is $314.50 million. The company has a 50-day moving average price of $10.42 and a 200 day moving average price of $9.73. Resource Capital Corp. has a 12 month low of $7.57 and a 12 month high of $13.44.
Resource Capital Corp. (NYSE:RSO) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01). The firm 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, equities research analysts anticipate that Resource Capital Corp. will post ($0.31) EPS for the current fiscal year.
A number of research analysts recently commented on the company. FBR & Co upped their target price on Resource Capital Corp. from $9.75 to $11.50 and gave the company a “market perform” rating in a research note on Tuesday, August 8th. Zacks Investment Research lowered Resource Capital Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. ValuEngine upgraded Resource Capital Corp. from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub lowered Resource Capital Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Five investment analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $10.25.
In other news, Director Jeffrey P. Cohen purchased 5,312 shares of Resource Capital Corp. stock in a transaction that occurred on Wednesday, August 16th. The stock was acquired at an average cost of $10.30 per share, for a total transaction of $54,713.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.82% 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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