Resource Capital Corp. (NYSE:RSO) – Equities research analysts at FBR & Co cut their Q2 2018 earnings estimates for shares of Resource Capital Corp. in a research report issued to clients and investors on Tuesday. FBR & Co analyst J. Levi-Ribner now anticipates that the real estate investment trust will post earnings per share of $0.00 for the quarter, down from their prior forecast of $0.02. FBR & Co also issued estimates for Resource Capital Corp.’s FY2018 earnings at $0.07 EPS.
RSO has been the subject of several other reports. Zacks Investment Research downgraded Resource Capital Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. BidaskClub cut Resource Capital Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Five investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average price target of $9.92.
Resource Capital Corp. (NYSE RSO) traded up 0.931% during midday trading on Wednesday, hitting $9.538. 40,351 shares of the stock traded hands. Resource Capital Corp. has a 12 month low of $7.57 and a 12 month high of $13.73. The company’s 50 day moving average price is $9.90 and its 200 day moving average price is $9.22. The firm’s market cap is $293.77 million.
Resource Capital Corp. (NYSE:RSO) last released its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.17. The firm had revenue of $11.22 million for the quarter, compared to analysts’ expectations of $8.90 million. Resource Capital Corp. had a negative net margin of 47.84% and a negative return on equity of 4.90%.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, June 30th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Wednesday, June 28th. Resource Capital Corp.’s dividend payout ratio (DPR) is -10.20%.
A number of institutional investors have recently made changes to their positions in RSO. Forward Management LLC raised its stake in 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 in the last quarter. Goldman Sachs Group Inc. raised its stake in Resource Capital Corp. by 315.6% in the first quarter. Goldman Sachs Group Inc. now owns 301,627 shares of the real estate investment trust’s stock valued at $2,946,000 after buying an additional 229,052 shares in the last quarter. Kennedy Capital Management Inc. raised its stake in Resource Capital Corp. by 509.3% in the first quarter. Kennedy Capital Management Inc. now owns 261,665 shares of the real estate investment trust’s stock valued at $2,556,000 after buying an additional 218,720 shares in the last quarter. Thrivent Financial For Lutherans purchased a new stake in Resource Capital Corp. during the first quarter valued at about $1,747,000. Finally, Vivaldi Capital Management LLC purchased a new stake in Resource Capital Corp. during the first quarter valued at about $1,416,074,000. Institutional investors own 45.42% 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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