Equities research analysts expect that Resource Capital Corp. (NYSE:RSO) will report earnings per share of ($0.24) for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Resource Capital’s earnings. Resource Capital reported earnings of ($0.11) per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 118.2%. The business is scheduled to report its next quarterly earnings report on Tuesday, May 8th.
According to Zacks, analysts expect that Resource Capital will report full year earnings of $0.18 per share for the current year. For the next financial year, analysts forecast that the company will report earnings of $0.77 per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Resource Capital.
Resource Capital (NYSE:RSO) last announced its quarterly earnings data on Wednesday, March 7th. The real estate investment trust reported ($0.15) EPS for the quarter. Resource Capital had a net margin of 76.28% and a negative return on equity of 1.34%. The firm had revenue of $11.03 million for the quarter.
Shares of Resource Capital (NYSE:RSO) remained flat at $$9.58 during trading hours on Tuesday. The company’s stock had a trading volume of 66,742 shares, compared to its average volume of 218,214. The company has a market capitalization of $303.48, a price-to-earnings ratio of 50.42 and a beta of 1.02. The company has a debt-to-equity ratio of 1.60, a current ratio of 134.66 and a quick ratio of 134.66. Resource Capital has a one year low of $8.51 and a one year high of $11.38.
In related news, CEO Robert C. Lieber acquired 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The stock was acquired at an average cost of $4.56 per share, for a total transaction of $91,200.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey P. Cohen acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The stock was bought at an average price of $9.26 per share, with a total value of $92,600.00. The disclosure for this purchase can be found here. Insiders have bought 35,775 shares of company stock valued at $236,737 over the last quarter. Company insiders own 4.82% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Quadrant L P CA acquired a new stake in Resource Capital in the fourth quarter valued at $120,000. MetLife Investment Advisors LLC acquired a new stake in Resource Capital in the fourth quarter valued at $150,000. Atria Investments LLC acquired a new stake in Resource Capital in the fourth quarter valued at $158,000. Nisa Investment Advisors LLC increased its holdings in Resource Capital by 120.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 17,200 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 9,400 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in Resource Capital in the third quarter valued at $189,000. Institutional investors and hedge funds own 52.64% of the company’s stock.
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About Resource Capital
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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