JMP Securities Upgrades Resource Capital Corp. to Outperform

Brokerage firm JMP Securities Upgrades its rating on Resource Capital Corp.(NYSE:RSO). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by JMP Securities was issued on Aug 19, 2016.

In a different note, On Aug 3, 2016, Keefe Bruyette & Woods said it Maintains its rating on Resource Capital Corp.. In the research note, the firm Lowers the price-target to $12.00 per share. The shares have been rated ‘Market Perform’ by the firm.

Resource Capital Corp. (RSO) made into the market gainers list on Mondays trading session with the shares advancing 0.99% or 0.13 points. Due to strong positive momentum, the stock ended at $13.31, which is also near the day’s high of $13.39. The stock began the session at $13.15 and the volume stood at 75,666 shares. The 52-week high of the shares is $14.57 and the 52 week low is $8.39. The company has a current market capitalization of $415 M and it has 3,11,65,637 shares in outstanding.

Resource Capital Corp.(RSO) last announced its earnings results on Aug 1, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $19.49M. Analysts had an estimated revenue of $40.21M. Earnings per share were $0.48. Analysts had estimated an EPS of $0.67.

Several Insider Transactions has been reported to the SEC. On Aug 18, 2016, David E Bloom (Senior Vice President) purchased 8,000 shares at $12.87 per share price.Also, On May 17, 2016, Jeffrey D Blomstrom (Senior Vice President) sold 14,721 shares at $12.58 per share price.On Dec 16, 2015, David J Bryant (CFO) purchased 2,000 shares at $15.70 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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