The 12,098 Shares in Resource Capital Corp. (RSO) Acquired by SG Americas Securities LLC

The 12,098 Shares in Resource Capital Corp. (RSO) Acquired by SG Americas Securities LLC

Other hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in Resource Capital Corp. during the fourth quarter valued at $381,000. State Street Corp boosted its position in Resource Capital Corp. by 1.1% in the fourth quarter. State Street Corp now owns 671,222 shares of the real estate investment trust’s stock valued at $5,591,000 after buying an additional 7,472 shares during the last quarter. Teachers Advisors LLC boosted its position in Resource Capital Corp. by 0.7% in the fourth quarter. Teachers Advisors LLC now owns 77,292 shares of the real estate investment trust’s stock valued at $644,000 after buying an additional 558 shares during the last quarter. IndexIQ Advisors LLC boosted its position in Resource Capital Corp. by 11.7% in the first quarter. IndexIQ Advisors LLC now owns 31,379 shares of the real estate investment trust’s stock valued at $307,000 after buying an additional 3,287 shares during the last quarter. Finally, Forward Management LLC boosted its position in Resource Capital Corp. by 4,586.6% in the first quarter. Forward Management LLC now owns 1,396,006 shares of the real estate investment trust’s stock valued at $13,639,000 after buying an additional 1,366,219 shares during the last quarter. 46.01% of the stock is owned by hedge funds and other institutional investors.

SG Americas Securities LLC acquired a new position in Resource Capital Corp. (NYSE:RSO) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,098 shares of the real estate investment trust’s stock, valued at approximately $118,000.

Resource Capital Corp. (RSO) traded down 0.10% during midday trading on Wednesday, hitting $10.34. 202,882 shares of the stock traded hands. The firm’s market cap is $318.47 million. The stock has a 50-day moving average of $10.03 and a 200 day moving average of $9.33. Resource Capital Corp. has a 52-week low of $7.57 and a 52-week high of $13.57.

Resource Capital Corp. (NYSE:RSO) last announced its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.17. Resource Capital Corp. had a negative return on equity of 4.90% and a negative net margin of 47.84%. The company had revenue of $11.22 million for the quarter, compared to analyst estimates of $8.90 million. Equities analysts forecast that Resource Capital Corp. will post $0.03 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, June 30th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Wednesday, June 28th. Resource Capital Corp.’s payout ratio is -10.20%.

A number of equities analysts have commented on RSO shares. BidaskClub cut shares of Resource Capital Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research cut shares of Resource Capital Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Five research analysts have rated the stock with a hold rating, Resource Capital Corp. presently has a consensus rating of “Hold” and an average price target of $9.92.

Resource Capital Corp. 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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