Resource Capital (RSO) : 4 analysts are covering Resource Capital (RSO) and their average rating on the stock is 2.5, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Resource Capital (RSO) : 3 Wall Street analysts covering Resource Capital (RSO) believe that the average level the stock could reach for the short term is $12.42. The maximum price target given is $13 and the minimum target for short term is around $11, hence the standard deviation is calculated at $1.23.
Company shares have received an average consensus rating of Hold for the current week Resource Capital (NYSE:RSO): The stock opened at $12.91 on Thursday but the bulls could not build on the opening and the stock topped out at $12.95 for the day. The stock traded down to $12.75 during the day, due to lack of any buying support eventually closed down at $12.82 with a loss of -0.54% for the day. The stock had closed at $12.89 on the previous day. The total traded volume was 104,075 shares.
In a related news, The Securities and Exchange Commission has divulged that Blomstrom Jeffrey D, officer (Senior Vice President) of Resource Capital Corp., had unloaded 14,721 shares at an average price of $12.58 in a transaction dated on May 16, 2016. The total value of the transaction was worth $185,190.
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 commercial real estate-related assets include loans, interests in mortgage loans, Mezzanine debt related to commercial real estate, commercial mortgage-backed securities, and commercial real estate. Its residential real estate-related assets include residential mortgage loans and securities. Its commercial finance assets include senior secured corporate loans, asset-backed securities, debt tranches of collateralized debt obligations and collateralized loan obligations, structured note investments, middle-market secured corporate loans and preferred equity investments. The Company is externally managed by Resource Capital Manager, Inc., or the Manager, an indirect wholly-owned subsidiary of Resource America, Inc.