Resource Capital Corp. (RSO) Director Buys $22,350.00 in Stock
Resource Capital Corp. (NYSE:RSO) Director Jeffrey P. Cohen bought 5,000 shares of the firm’s stock in a transaction on Monday, November 28th. The stock was purchased at an average cost of $4.47 per share, for a total transaction of $22,350.00. Following the completion of the acquisition, the director now owns 9,500 shares in the company, valued at $42,465. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Resource Capital Corp. (NYSE:RSO) opened at 8.44 on Thursday. The company’s 50-day moving average is $11.34 and its 200 day moving average is $12.49. Resource Capital Corp. has a 52-week low of $7.57 and a 52-week high of $14.06. The firm’s market capitalization is $258.04 million.
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Several equities research analysts recently issued reports on the stock. FBR & Co reaffirmed a “buy” rating on shares of Resource Capital Corp. in a report on Thursday, August 4th. Keefe, Bruyette & Woods decreased their price target on shares of Resource Capital Corp. from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Wednesday, August 3rd. Finally, JMP Securities lowered shares of Resource Capital Corp. from a “market perform” rating to an “underperform” rating and set a $9.00 price target on the stock. in a report on Friday, November 18th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $10.94.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Resource Capital Corp. by 177.5% in the second quarter. BlackRock Inc. now owns 9,489 shares of the company’s stock valued at $122,000 after buying an additional 6,070 shares during the period. Citadel Advisors LLC acquired a new stake in Resource Capital Corp. during the third quarter valued at approximately $138,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Resource Capital Corp. during the second quarter valued at approximately $177,000. BlackRock Advisors LLC increased its stake in Resource Capital Corp. by 6.1% in the third quarter. BlackRock Advisors LLC now owns 16,621 shares of the company’s stock valued at $213,000 after buying an additional 949 shares during the period. Finally, BlackRock Group LTD increased its stake in Resource Capital Corp. by 3.3% in the third quarter. BlackRock Group LTD now owns 18,560 shares of the company’s stock valued at $238,000 after buying an additional 585 shares during the period. 40.58% of the stock is currently owned by institutional investors and hedge funds.
About Resource Capital Corp.
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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