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.