Insiders Worth Watching: Is Resource Capital Corp. (NYSE:RSO) Stock a Buy after Michele Weisbaum’s Insider Transaction?

November 23, 2016 - By Adrian Mccoy

Insiders Worth Watching: Is Resource Capital Corp. (NYSE:RSO) Stock a Buy after Michele Weisbaum's Insider Transaction?

Michele Weisbaum Insider Buy

Michele Weisbaum, the SVP – Chief Legal Officer & Sec of Resource Capital Corp, paid for 500 shares of the company, with market value of roughly $4,580 USD, at an average $9.2 per share. The acquisition of shares was made on 23/11/2016 and this act was unveiled in a report which was filed with the SEC. This report is available here. Today, she holds a total of 1,959 shares or 0.01% of Resource Capital Corp’s market cap (share price times the number of shares outstanding).

Resource Capital Corp. (NYSE:RSO) Ratings Coverage

Out of 5 analysts covering Resource Capital Corp (NYSE:RSO), 0 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 0 are positive. $16 is the highest target while $3.50 is the lowest. The $11.96 average target is 33.04% above today’s ($8.99) stock price. Resource Capital Corp has been the topic of 14 analyst reports since August 6, 2015 according to StockzIntelligence Inc. JMP Securities upgraded the shares of RSO in a report on Friday, August 19 to “Mkt Outperform” rating. The firm has “Mkt Perform” rating given on Tuesday, November 15 by FBR Capital. Wood maintained Resource Capital Corp. (NYSE:RSO) on Wednesday, September 2 with “Market Perform” rating. JMP Securities downgraded the stock to “Market Perform” rating in Wednesday, March 9 report. The stock has “Outperform” rating given by FBR Capital on Thursday, December 17. The stock of Resource Capital Corp. (NYSE:RSO) earned “Hold” rating by Deutsche Bank on Monday, August 10. JMP Securities downgraded the shares of RSO in a report on Friday, November 18 to “Mkt Underperform” rating. The firm earned “Hold” rating on Wednesday, September 2 by Deutsche Bank. The rating was maintained by Deutsche Bank with “” on Tuesday, March 29.

The stock decreased 2.07% or $0.19 during the last trading session, hitting $8.99. About 480,255 shares traded hands or 36.21% up from the average. Resource Capital Corp. (NYSE:RSO) has declined 21.40% since April 21, 2016 and is downtrending. It has underperformed by 26.73% the S&P500.

Resource Capital Corp. is a real estate finance company. The company has a market cap of $276.25 million. The Firm invests in asset classes, which include commercial real estate-related assets, residential real estate-related assets and commercial finance assets. It currently has negative earnings. The Company’s investments in commercial real estate-related assets include first mortgage loans ; first priority interests in first mortgage loans; subordinated interests in first mortgage loans, and commercial mortgage-backed securities.

According to Zacks Investment Research, “Resource Capital Corp. is a specialty finance company that began operations in March and intends to qualify to be taxed as a real estate investment trust for federal income tax purposes. RCC invests in a combination of real estate-related assets and, to a lesser extent, higher-yielding commercial finance assets, targeting the following asset classes commercial real estate-related assets such as B notes, mezzanine debt and commercial mortgage-backed securities; residential real estate-related assets such as residential mortgage-backed securities; and commercial finance assets such as other asset-backed securities, syndicated bank loans, equipment leases, trust preferred securities and private equity investments principally issued by financial institutions.”

Analysts await Resource Capital Corp. (NYSE:RSO) to report earnings on March, 6. They expect $0.02 EPS, down 94.44% or $0.34 from last year’s $0.36 per share. RSO’s profit will be $614,572 for 112.38 P/E if the $0.02 EPS becomes a reality. After $0.42 actual EPS reported by Resource Capital Corp. for the previous quarter, Wall Street now forecasts -95.24% negative EPS growth.

More important recent Resource Capital Corp. (NYSE:RSO) news were published by: Seekingalpha.com which released: “What Did I Buy? More Resource Capital Corporation” on November 23, 2016, also Seekingalpha.com published article titled: “Resource Capital Corporation: Now A Modest Buy”, Marketwatch.com published: “Resource Capital Corp.’s External Manager to Be Acquired by C-III Capital ..” on May 23, 2016. More interesting news about Resource Capital Corp. (NYSE:RSO) was released by: Prnewswire.com and their article: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation ..” with publication date: November 17, 2016.

RSO Company Profile

Resource Capital Corp., incorporated on January 31, 2005, is a real estate finance Company. The Company’s business divisions include Commercial Real Estate Lending, Commercial Finance, Middle Market Lending, Residential Mortgage Lending, and Corporate & Other. The Commercial Real Estate Lending operating segment includes the Company’s activities and activities related to commercial real estate loans, commercial real estate-related securities, and investments in real estate. The Commercial Finance operating segment includes the Company’s activities and activities related to bank loans, bank loan-related securities, and direct financing leases. The Middle Market Lending operating segment includes the Company’s activities and activities related to the origination and purchase of middle market loans. The Residential Mortgage Lending operating segment includes the Company’s activities and activities related to the origination and servicing of residential mortgage loans and the investment in residential mortgage-backed securities (RMBS). The Firm is externally managed by Resource Capital Manager, Inc.

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