Zacks: Analysts Anticipate Resource Capital Corp. (RSO) Will Announce Earnings of -$0.24 Per Share

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%.



A number of research firms have weighed in on RSO. JMP Securities raised shares of Resource Capital from a “market perform” rating to an “outperform” rating in a research report on Wednesday, March 14th. ValuEngine raised shares of Resource Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Finally, Zacks Investment Research lowered shares of Resource Capital from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Resource Capital currently has an average rating of “Hold” and an average target price of $11.75.

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.

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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.

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Earnings History and Estimates for Resource Capital (NYSE:RSO)

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