Dalton Greiner Hartman Maher & Co. Has $2,101,000 Stake in Resource Capital Corp. (RSO)
Dalton Greiner Hartman Maher & Co. raised its position in Resource Capital Corp. (NYSE:RSO) by 24.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,992 shares of the company’s stock after buying an additional 31,811 shares during the period. Dalton Greiner Hartman Maher & Co. owned about 0.54% of Resource Capital Corp. worth $2,101,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Resource Capital Corp. during the second quarter worth approximately $177,000. Emerald Acquisition Ltd. purchased a new position in Resource Capital Corp. during the second quarter worth approximately $734,000. SECOR Capital Advisors LP purchased a new position in Resource Capital Corp. during the second quarter worth approximately $346,000. Systematic Financial Management LP purchased a new position in Resource Capital Corp. during the second quarter worth approximately $1,561,000. Finally, Ameriprise Financial Inc. increased its position in Resource Capital Corp. by 10.6% in the second quarter. Ameriprise Financial Inc. now owns 465,617 shares of the company’s stock worth $5,988,000 after buying an additional 44,753 shares during the period. 40.58% of the stock is currently owned by institutional investors and hedge funds.
Shares of Resource Capital Corp. (NYSE:RSO) traded down 0.94% during trading on Wednesday, reaching $8.44. The company’s stock had a trading volume of 373,318 shares. The company’s 50-day moving average price is $11.23 and its 200 day moving average price is $12.46. The stock’s market capitalization is $258.04 million. Resource Capital Corp. has a 1-year low of $7.57 and a 1-year high of $14.06.
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A number of equities analysts recently commented on RSO shares. Keefe, Bruyette & Woods decreased their price target on Resource Capital Corp. from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Wednesday, August 3rd. FBR & Co reiterated a “buy” rating on shares of Resource Capital Corp. in a research note on Thursday, August 4th. Finally, JMP Securities upgraded Resource Capital Corp. from a “market perform” rating to an “outperform” rating and set a $14.00 price target for the company in a research note on Friday, August 19th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Resource Capital Corp. presently has an average rating of “Hold” and an average price target of $10.94.
In other Resource Capital Corp. news, Director Stephanie H. Wiggins sold 4,278 shares of the business’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $9.15, for a total transaction of $39,143.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.06% of the company’s stock.
Resource Capital Corp. Company Profile
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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