Resource Capital Corp. (RSO) Shares Bought by Mackenzie Financial Corp
Mackenzie Financial Corp raised its stake in shares of Resource Capital Corp. (NYSE:RSO) by 68.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,638 shares of the real estate investment trust’s stock after buying an additional 7,584 shares during the quarter. Mackenzie Financial Corp owned about 0.06% of Resource Capital worth $201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Kennedy Capital Management Inc. grew its holdings in Resource Capital by 119.8% during the 2nd quarter. Kennedy Capital Management Inc. now owns 575,246 shares of the real estate investment trust’s stock valued at $5,850,000 after buying an additional 313,581 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Resource Capital by 27.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 199,840 shares of the real estate investment trust’s stock valued at $2,033,000 after buying an additional 42,858 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in Resource Capital by 17.3% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 23,019 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 3,397 shares in the last quarter. Tahithromos L.L.C. grew its holdings in Resource Capital by 7.9% during the 3rd quarter. Tahithromos L.L.C. now owns 455,088 shares of the real estate investment trust’s stock valued at $4,906,000 after buying an additional 33,187 shares in the last quarter. Finally, Vivaldi Asset Management LLC grew its holdings in Resource Capital by 606.4% during the 2nd quarter. Vivaldi Asset Management LLC now owns 1,135,342 shares of the real estate investment trust’s stock valued at $11,546,000 after buying an additional 974,618 shares in the last quarter. 50.19% of the stock is owned by institutional investors and hedge funds.
Resource Capital Corp. (NYSE:RSO) traded down $0.05 during mid-day trading on Wednesday, hitting $9.65. 218,800 shares of the company were exchanged, compared to its average volume of 301,617. Resource Capital Corp. has a 1 year low of $7.90 and a 1 year high of $11.38. The company has a quick ratio of 134.66, a current ratio of 134.66 and a debt-to-equity ratio of 1.60.
Resource Capital (NYSE:RSO) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.29). Resource Capital had a net margin of 63.00% and a negative return on equity of 1.23%. The business had revenue of $10.30 million during the quarter, compared to analysts’ expectations of $9.34 million. Resource Capital’s revenue was down 28.0% compared to the same quarter last year. analysts predict that Resource Capital Corp. will post -0.7 earnings per share for the current year.
A number of research analysts recently weighed in on RSO shares. Zacks Investment Research lowered shares of Resource Capital from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. ValuEngine raised shares of Resource Capital from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, B. Riley reissued a “neutral” rating on shares of Resource Capital in a report on Friday, November 3rd. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Resource Capital currently has an average rating of “Hold” and an average price target of $11.75.
In other news, Director Jeffrey P. Cohen acquired 3,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was bought at an average cost of $9.90 per share, with a total value of $29,700.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders purchased 10,805 shares of company stock valued at $104,798. 4.82% of the stock is currently owned by insiders.
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About Resource Capital
Resource Capital Corp. is a real estate finance company. The Company operates through four segments: Commercial Real Estate Debt Investments, Commercial Finance, Residential Mortgage Lending and Corporate & Other. The Commercial Real Estate Debt Investments segment includes the Company’s activities and operations related to commercial real estate loans, commercial real estate-related securities and investments in real estate.
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