ValuEngine upgraded shares of Resource Capital Corp. (NYSE:RSO) from a sell rating to a hold rating in a report released on Friday.

Several other research analysts have also weighed in on RSO. Zacks Investment Research lowered shares of Resource Capital Corp. from a hold rating to a sell rating in a report on Wednesday, July 5th. BidaskClub lowered shares of Resource Capital Corp. from a buy rating to a hold rating in a report on Wednesday, July 12th. Finally, FBR & Co raised their price objective on shares of Resource Capital Corp. from $9.75 to $11.50 and gave the stock a market perform rating in a report on Tuesday, August 8th. Five research analysts have rated the stock with a hold rating, The company presently has an average rating of Hold and an average target price of $10.25.

Resource Capital Corp. (RSO) opened at 10.37 on Friday. The firm has a 50-day moving average of $10.35 and a 200 day moving average of $9.66. Resource Capital Corp. has a 1-year low of $7.57 and a 1-year high of $13.57. The firm’s market cap is $319.74 million.

Resource Capital Corp. (NYSE:RSO) last announced its quarterly earnings data 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. The company had revenue of $9.29 million for the quarter, compared to analyst estimates of $9.42 million. Resource Capital Corp. had a negative return on equity of 6.09% and a negative net margin of 48.78%. On average, analysts predict that Resource Capital Corp. will post ($0.31) EPS for the current year.

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In related news, Director Jeffrey P. Cohen acquired 5,312 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was bought at an average cost of $10.30 per share, with a total value of $54,713.60. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 4.82% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its holdings in Resource Capital Corp. by 8.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,329 shares of the real estate investment trust’s stock worth $299,000 after acquiring an additional 2,218 shares in the last quarter. State Street Corp boosted its holdings in shares of Resource Capital Corp. by 3.9% in the 2nd quarter. State Street Corp now owns 614,862 shares of the real estate investment trust’s stock valued at $6,253,000 after buying an additional 23,228 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Resource Capital Corp. by 10.6% in the 2nd quarter. Voya Investment Management LLC now owns 22,835 shares of the real estate investment trust’s stock valued at $232,000 after buying an additional 2,193 shares during the period. Tahithromos L.L.C. boosted its holdings in shares of Resource Capital Corp. by 24.6% in the 2nd quarter. Tahithromos L.L.C. now owns 421,901 shares of the real estate investment trust’s stock valued at $4,291,000 after buying an additional 83,391 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Resource Capital Corp. by 18.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 195,533 shares of the real estate investment trust’s stock valued at $1,989,000 after buying an additional 30,033 shares during the period. 45.93% of the stock is owned by institutional investors.

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.

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