Jeffrey P. Cohen Purchases 5,000 Shares of Resource Capital Corp. (RSO) Stock
Resource Capital Corp. (NYSE:RSO) Director Jeffrey P. Cohen acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The stock was acquired at an average cost of $4.47 per share, with a total value of $22,350.00. Following the completion of the acquisition, the director now directly owns 9,500 shares in the company, valued at $42,465. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Resource Capital Corp. (NYSE:RSO) opened at 8.52 on Wednesday. The firm’s market cap is $260.49 million. Resource Capital Corp. has a 12 month low of $7.57 and a 12 month high of $14.06. The stock’s 50 day moving average price is $11.34 and its 200-day moving average price is $12.49.
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A number of research firms have weighed in on RSO. JMP Securities downgraded Resource Capital Corp. from a “market perform” rating to an “underperform” rating and set a $9.00 target price for the company. in a research report on Friday, November 18th. FBR & Co downgraded Resource Capital Corp. from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $13.00 to $9.75 in a research report on Tuesday, November 15th. Finally, Keefe, Bruyette & Woods cut their target price on Resource Capital Corp. from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $10.94.
A number of hedge funds and other institutional investors have recently made changes to their positions in RSO. BlackRock Fund Advisors boosted its position in shares of Resource Capital Corp. by 5.3% in the third quarter. BlackRock Fund Advisors now owns 1,568,768 shares of the company’s stock worth $20,096,000 after buying an additional 79,066 shares in the last quarter. Real Estate Management Services LLC raised its stake in Resource Capital Corp. by 13.6% in the third quarter. Real Estate Management Services LLC now owns 1,071,833 shares of the company’s stock valued at $13,730,000 after buying an additional 128,434 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Resource Capital Corp. by 0.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 969,323 shares of the company’s stock valued at $12,417,000 after buying an additional 3,048 shares during the last quarter. UBS Group AG raised its stake in 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 last quarter. Finally, Ameriprise Financial Inc. raised its stake in Resource Capital Corp. by 10.6% in the second quarter. Ameriprise Financial Inc. now owns 465,617 shares of the company’s stock valued at $5,988,000 after buying an additional 44,753 shares during the last quarter. Hedge funds and other institutional investors own 40.58% of the company’s stock.
About Resource Capital Corp.
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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