Wall Street analysts expect that Resource Capital Corp. (NYSE:RSO) will post ($0.24) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Resource Capital’s earnings. Resource Capital reported earnings of ($0.11) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 118.2%. The business is expected to report its next 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 fiscal year, analysts anticipate that the firm will report earnings of $0.77 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Resource Capital.
Resource Capital (NYSE:RSO) last released its earnings results on Wednesday, March 7th. The real estate investment trust reported ($0.15) earnings per share for the quarter. The firm had revenue of $11.03 million for the quarter. Resource Capital had a negative return on equity of 1.36% and a net margin of 76.28%.
Resource Capital stock traded down $0.12 on Friday, reaching $9.52. 55,881 shares of the stock were exchanged, compared to its average volume of 214,343. The firm has a market cap of $305.05, a price-to-earnings ratio of -11.21 and a beta of 0.92. The company has a debt-to-equity ratio of 1.73, a current ratio of 141.52 and a quick ratio of 141.52. Resource Capital has a twelve month low of $8.51 and a twelve month high of $11.38.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, March 30th will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.20 annualized dividend and a dividend yield of 2.10%. Resource Capital’s payout ratio is -23.26%.
In related news, Director Jeffrey P. Cohen acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were bought at an average price of $9.26 per share, for a total transaction of $92,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Robert C. Lieber acquired 20,000 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were bought at an average price of $4.56 per share, for a total transaction of $91,200.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 35,775 shares of company stock worth $236,737. Insiders own 4.82% of the company’s stock.
Large investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its stake in Resource Capital by 24.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 248,173 shares of the real estate investment trust’s stock valued at $2,676,000 after acquiring an additional 48,333 shares during the period. OxFORD Asset Management LLP increased its stake in Resource Capital by 46.7% in the third quarter. OxFORD Asset Management LLP now owns 42,823 shares of the real estate investment trust’s stock valued at $459,000 after acquiring an additional 13,624 shares during the period. Mackenzie Financial Corp increased its stake in Resource Capital by 68.6% in the third quarter. Mackenzie Financial Corp now owns 18,638 shares of the real estate investment trust’s stock valued at $201,000 after acquiring an additional 7,584 shares during the period. California Public Employees Retirement System increased its stake in Resource Capital by 8.5% in the third quarter. California Public Employees Retirement System now owns 229,244 shares of the real estate investment trust’s stock valued at $2,471,000 after acquiring an additional 17,894 shares during the period. Finally, GSA Capital Partners LLP increased its stake in Resource Capital by 28.2% in the third quarter. GSA Capital Partners LLP now owns 178,825 shares of the real estate investment trust’s stock valued at $1,928,000 after acquiring an additional 39,300 shares during the period. Institutional investors own 52.64% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This news story was first reported by Dakota Financial News and is owned by of Dakota Financial News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://dakotafinancialnews.com/2018/04/13/zacks-analysts-anticipate-resource-capital-corp-rso-will-announce-earnings-of-0-24-per-share.html.
Resource Capital Company Profile
Resource Capital Corp., a real estate investment trust, primarily focuses on the origination, holding, and management of commercial mortgage loans and other commercial real estate-related debt investments in the United States. It invests in commercial real estate-related assets, such as first mortgage loans, first priority interests in first mortgage real estate loans, subordinate interests in first mortgage real estate loans, mezzanine debt, commercial mortgage-backed securities, commercial real estate; and residential real estate-related assets, including residential mortgage loans and mortgaged-backed securities.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Resource Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resource Capital and related companies with MarketBeat.com's FREE daily email newsletter.