November 28, 2016 - By whatsonthorold
A few days ago, an insider trading deal was made. Jeffrey Cohen, the director and an insider of Resource Capital Corp obtained a total of 6,000 shares of Resource Capital Corp, worth exactly $22,325 US Dollars, at $3.7 per every share at the time of the deal. He also acquired 2,000 shares that are worth approx $18,000 USD in the last month. A 4F filing available here unveiled this transaction activity. It was unveiled on 28-11-2016 and filled with Security and Exchange Commission. Now, Jeffrey Cohen owns 1,000 shares which are around 0.00% of the Company’s market cap (share price times the number of shares outstanding).
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 37.00% above today’s ($8.73) stock price. Resource Capital Corp has been the topic of 14 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was downgraded by JMP Securities to “Mkt Underperform” on Friday, November 18. The firm has “Market Perform” rating given on Wednesday, March 9 by JMP Securities. The rating was maintained by Deutsche Bank with “Hold” on Monday, August 10. The stock has “Hold” rating given by Deutsche Bank on Wednesday, September 2. JMP Securities upgraded the stock to “Mkt Outperform” rating in Friday, August 19 report. The stock of Resource Capital Corp. (NYSE:RSO) earned “Mkt Perform” rating by FBR Capital on Tuesday, November 15. As per Tuesday, March 29, the company rating was maintained by Deutsche Bank. The company was maintained on Wednesday, September 2 by Wood. FBR Capital initiated the stock with “Outperform” rating in Thursday, December 17 report.
The stock decreased 2.89% or $0.26 during the last trading session, hitting $8.73. About 601,983 shares traded hands or 63.59% up from the average. Resource Capital Corp. (NYSE:RSO) has declined 23.81% since April 25, 2016 and is downtrending. It has underperformed by 29.83% the S&P500.
Resource Capital Corp. is a real estate finance company. The company has a market cap of $271.18 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 $621,260 for 109.13 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 Marketwatch.com published article titled: “Resource Capital Corp.’s External Manager to Be Acquired by C-III Capital ..”, Seekingalpha.com published: “Resource Capital Corporation: Now A Modest Buy” on November 21, 2016. More interesting news about Resource Capital Corp. (NYSE:RSO) was released by: Seekingalpha.com and their article: “Upgrade To Neutral: Resource Capital Corporation Now Fairly Priced” with publication date: November 02, 2016.
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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