Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Resource Capital (RSO) Share Price

Media stories about Resource Capital (NYSE:RSO) have trended somewhat positive on Monday, according to Accern Sentiment. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Resource Capital earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.4359188322909 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Several research analysts have recently commented on the stock. B. Riley reissued a “neutral” rating on shares of Resource Capital in a research note on Friday, November 3rd. Zacks Investment Research lowered shares of Resource Capital from a “buy” rating to a “hold” rating in a research note on Saturday, September 23rd. FBR & Co raised their price objective on shares of Resource Capital from $9.75 to $11.50 and gave the company a “market perform” rating in a research note on Tuesday, August 8th. Finally, ValuEngine raised shares of Resource Capital from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $11.75.

Resource Capital (NYSE RSO) opened at $9.92 on Monday. The company has a current ratio of 134.66, a quick ratio of 134.66 and a debt-to-equity ratio of 1.60. Resource Capital has a 12 month low of $7.90 and a 12 month high of $11.38.

Resource Capital (NYSE:RSO) last issued its quarterly earnings results 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 negative return on equity of 1.23% and a net margin of 63.00%. The firm had revenue of $10.30 million during the quarter, compared to analysts’ expectations of $9.34 million. The company’s quarterly revenue was down 28.0% compared to the same quarter last year. equities research analysts forecast that Resource Capital will post -0.7 EPS for the current fiscal year.

In other news, Director Jeffrey P. Cohen purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was bought at an average price of $9.90 per share, for a total transaction of $29,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 10,805 shares of company stock valued at $104,798 in the last quarter. 4.82% of the stock is owned by insiders.

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Resource Capital 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.

Insider Buying and Selling by Quarter for Resource Capital (NYSE:RSO)

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