Resource Capital Corp. (RSO) Given Media Impact Rating of 0.14
Headlines about Resource Capital Corp. (NYSE:RSO) have trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Resource Capital Corp. earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.7827921283063 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s scoring:
- Peeling Back the Layers on Shares of Resource Capital Corp (RSO) – Sheridan Daily (sheridandaily.com)
- Resource Capital Corp (RSO) Moves 0.00% – Sparta Review (spartareview.com)
- Resource Capital Corp. Resource (NYSE:RSO) Trading Up – Insiders Buying, Short Interest Falling – Modern Readers (modernreaders.com)
- Resource Capital Corp. (RSO) Director Jeffrey P. Cohen Acquires 5,312 Shares (americanbankingnews.com)
- Resource Capital Corp. (RSO) Director Jeffrey P. Cohen Acquires 15,000 Shares (americanbankingnews.com)
Several equities analysts have recently commented on RSO shares. Zacks Investment Research downgraded Resource Capital Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. FBR & Co upped their target price on Resource Capital Corp. from $9.75 to $11.50 and gave the company a “market perform” rating in a research report on Tuesday, August 8th. Finally, BidaskClub downgraded Resource Capital Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th.
Resource Capital Corp. (NYSE RSO) traded up 1.55% during trading on Friday, hitting $10.49. The stock had a trading volume of 343,810 shares. The firm has a 50 day moving average price of $10.27 and a 200-day moving average price of $9.58. The firm’s market capitalization is $323.44 million. Resource Capital Corp. has a 1-year low of $7.57 and a 1-year high of $13.57.
Resource Capital Corp. (NYSE:RSO) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.01. Resource Capital Corp. had a negative return on equity of 6.09% and a negative net margin of 48.78%. The company had revenue of $9.29 million during the quarter, compared to analyst estimates of $9.42 million. On average, equities research analysts expect that Resource Capital Corp. will post ($0.20) EPS for the current year.
The business 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 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Wednesday, June 28th. Resource Capital Corp.’s dividend payout ratio is presently -10.93%.
In other Resource Capital Corp. news, Director Jeffrey P. Cohen purchased 15,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average price of $10.26 per share, with a total value of $153,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.82% of the company’s stock.
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About Resource Capital Corp.
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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