FBR & Co Research Analysts Reduce Earnings Estimates for Resource Capital Corp. (RSO)

Resource Capital Corp. (NYSE:RSO) – Research analysts at FBR & Co decreased their FY2017 earnings per share (EPS) estimates for shares of Resource Capital Corp. in a note issued to investors on Tuesday. FBR & Co analyst J. Levi-Ribner now anticipates that the real estate investment trust will post earnings of ($0.33) per share for the year, down from their prior forecast of ($0.23). FBR & Co also issued estimates for Resource Capital Corp.’s Q1 2018 earnings at ($0.04) EPS and Q4 2018 earnings at $0.08 EPS.

Other equities research analysts have also issued reports about the stock. BidaskClub lowered shares of Resource Capital Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Resource Capital Corp. from a “sell” rating to a “hold” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating, Resource Capital Corp. currently has an average rating of “Hold” and a consensus price target of $9.92.

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Resource Capital Corp. (NYSE:RSO) opened at 10.19 on Thursday. Resource Capital Corp. has a 52-week low of $7.57 and a 52-week high of $13.73. The stock’s market capitalization is $313.85 million. The firm’s 50-day moving average is $9.91 and its 200 day moving average is $9.23.

Resource Capital Corp. (NYSE:RSO) last posted its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.17. Resource Capital Corp. had a negative net margin of 47.84% and a negative return on equity of 4.90%. The firm had revenue of $11.22 million for the quarter, compared to analysts’ expectations of $8.90 million.

A number of large investors have recently bought and sold shares of RSO. Teachers Advisors LLC raised its stake 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 period. American International Group Inc. raised its stake in shares of Resource Capital Corp. by 7.0% in the first quarter. American International Group Inc. now owns 18,642 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 1,225 shares during the last quarter. IndexIQ Advisors LLC raised its stake in shares of 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 worth $307,000 after buying an additional 3,287 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Resource Capital Corp. by 17.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 23,019 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 3,397 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Resource Capital Corp. by 3.4% in the first quarter. Geode Capital Management LLC now owns 224,608 shares of the real estate investment trust’s stock worth $2,194,000 after buying an additional 7,393 shares during the last quarter. Institutional investors own 45.42% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, June 30th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.20 annualized dividend and a yield of 1.96%. Resource Capital Corp.’s dividend payout ratio (DPR) is presently -10.20%.

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.