Resource Capital Corp. (RSO) Posts Earnings Results

Resource Capital Corp. (NYSE:RSO) released its quarterly earnings results on Wednesday. The real estate investment trust reported ($0.36) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.29), Bloomberg Earnings reports. The firm had revenue of $10.30 million for the quarter, compared to the consensus estimate of $9.34 million. Resource Capital Corp. had a net margin of 63.00% and a negative return on equity of 1.24%. The business’s quarterly revenue was down 28.0% on a year-over-year basis.

Shares of Resource Capital Corp. (NYSE RSO) traded down $0.25 during trading hours on Friday, hitting $10.11. The company had a trading volume of 210,606 shares, compared to its average volume of 372,223.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, September 29th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.98%. Resource Capital Corp.’s dividend payout ratio (DPR) is presently 74.07%.

In other Resource Capital Corp. news, Director Jeffrey P. Cohen bought 15,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of $10.26 per share, with a total value of $153,900.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.82% of the stock is currently owned by insiders.

RSO has been the subject of a number of recent research reports. Zacks Investment Research upgraded Resource Capital Corp. from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Wednesday, September 27th. FBR & Co boosted their price objective 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. ValuEngine upgraded Resource Capital Corp. from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub downgraded Resource Capital Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $10.83.

TRADEMARK VIOLATION WARNING: This news story was reported by Community Financial News and is owned by of Community Financial News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at

About Resource Capital Corp.

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.

Earnings History for Resource Capital Corp. (NYSE:RSO)

What are top analysts saying about Resource Capital Corp.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Resource Capital Corp. and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit