News coverage about Resource Capital (NYSE:RSO) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Resource Capital earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.1089377696729 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of equities analysts have recently issued reports on the stock. JMP Securities upgraded shares of Resource Capital from a “market perform” rating to an “outperform” rating in a research note on Wednesday, March 14th. ValuEngine cut shares of Resource Capital from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Finally, Zacks Investment Research cut shares of Resource Capital from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $11.75.
Shares of RSO stock traded up $0.08 during mid-day trading on Thursday, reaching $9.66. The company’s stock had a trading volume of 265,230 shares, compared to its average volume of 225,188. Resource Capital has a 1-year low of $8.51 and a 1-year high of $11.38. The stock has a market cap of $295.64, a price-to-earnings ratio of -11.23 and a beta of 0.92. The company has a debt-to-equity ratio of 1.73, a quick ratio of 141.52 and a current ratio of 141.52.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, March 30th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Wednesday, March 28th. Resource Capital’s dividend payout ratio (DPR) is currently -23.26%.
In other news, Director Jeffrey P. Cohen bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was acquired at an average price of $9.26 per share, for a total transaction of $92,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Robert C. Lieber bought 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The shares were purchased at an average price of $4.56 per share, with a total value of $91,200.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 35,775 shares of company stock valued at $236,737 in the last quarter. 4.82% of the stock is currently owned by corporate 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.
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