Keefe Bruyette & Woods Maintains Resource Capital Corp. to Market Perform with Price Target $11.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on Resource Capital Corp.(NYSE:RSO). In a research note issued to the investors, the brokerage major Lowers the price-target to $11.00 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Aug 3, 2016.

Resource Capital Corp. (RSO) made into the market gainers list on Fridays trading session with the shares advancing 0.08% or 0.01 points. Due to strong positive momentum, the stock ended at $12.83, which is also near the day’s high of $12.99. The stock began the session at $12.87 and the volume stood at 1,11,633 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 $400 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 May 17, 2016, Jeffrey D Blomstrom (Senior Vice President) sold 14,721 shares at $12.58 per share price.Also, On Mar 15, 2016, David E Bloom (Senior Vice President) sold 9,250 shares at $10.94 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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