Resource Capital Corp. (NYSE:RSO) Director Stephanie H. Wiggins sold 4,278 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $9.15, for a total transaction of $39,143.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Resource Capital Corp. (NYSE:RSO) opened at 9.18 on Wednesday. The company’s 50-day moving average is $11.64 and its 200 day moving average is $12.57. The stock has a market cap of $280.06 million, a PE ratio of 18.18 and a beta of 1.18. Resource Capital Corp. has a 52 week low of $7.57 and a 52 week high of $14.06.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 28th. Investors of record on Friday, September 30th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 18.30%. The ex-dividend date of this dividend was Wednesday, September 28th. Resource Capital Corp.’s dividend payout ratio (DPR) is -120.00%.

Hedge funds have recently made changes to their positions in the stock. LPL Financial LLC boosted its stake in shares of Resource Capital Corp. by 2.3% in the third quarter. LPL Financial LLC now owns 47,986 shares of the company’s stock valued at $592,000 after buying an additional 1,099 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Resource Capital Corp. during the third quarter valued at approximately $302,000. The Manufacturers Life Insurance Company bought a new stake in shares of Resource Capital Corp. during the third quarter valued at approximately $272,000. UBS Group AG boosted its stake in shares of Resource Capital Corp. by 18.1% in the third quarter. UBS Group AG now owns 556,166 shares of the company’s stock valued at $7,124,000 after buying an additional 85,430 shares during the period. Finally, SECOR Capital Advisors LP boosted its stake in shares of Resource Capital Corp. by 77.1% in the third quarter. SECOR Capital Advisors LP now owns 47,609 shares of the company’s stock valued at $610,000 after buying an additional 20,733 shares during the period. Hedge funds and other institutional investors own 40.22% of the company’s stock.

A number of research analysts have weighed in on the stock. JMP Securities downgraded shares of Resource Capital Corp. from a “market perform” rating to an “underperform” rating and set a $9.00 price objective for the company. in a research report on Friday, November 18th. FBR & Co cut shares of Resource Capital Corp. from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $13.00 to $9.75 in a research note on Tuesday, November 15th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Resource Capital Corp. from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Resource Capital Corp. presently has an average rating of “Hold” and a consensus price target of $10.94.

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Resource Capital Corp. Company Profile

Resource Capital Corp. is a real estate finance company. The Company invests in asset classes, which include commercial real estate-related assets, residential real estate-related assets and commercial finance assets. Its investments in commercial real estate-related assets include first mortgage loans (referred as whole loans); first priority interests in first mortgage loans; subordinated interests in first mortgage loans, and commercial mortgage-backed securities.

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