Ladenburg Thalmann Financial Services Inc. trimmed its position in shares of Resource Capital Corp. (NYSE:RSO) by 6.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,918 shares of the real estate investment trust’s stock after selling 8,918 shares during the quarter. Ladenburg Thalmann Financial Services Inc. owned 0.39% of Resource Capital worth $1,315,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Kennedy Capital Management Inc. boosted 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 acquiring an additional 313,581 shares during the period. Schwab Charles Investment Management Inc. boosted 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 acquiring an additional 42,858 shares during the period. Metropolitan Life Insurance Co. NY boosted 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 acquiring an additional 3,397 shares during the period. Tahithromos L.L.C. boosted 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 acquiring an additional 33,187 shares during the period. Finally, Vivaldi Asset Management LLC boosted 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 acquiring an additional 974,618 shares during the period. Institutional investors own 50.19% of the company’s stock.

Resource Capital Corp. (NYSE:RSO) opened at $9.57 on Tuesday. 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 Corp. has a twelve month low of $7.90 and a twelve month high of $11.38.

Resource Capital (NYSE:RSO) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.29). The company had revenue of $10.30 million during the quarter, compared to analyst estimates of $9.34 million. Resource Capital had a net margin of 63.00% and a negative return on equity of 1.23%. The firm’s quarterly revenue was down 28.0% on a year-over-year basis. research analysts anticipate that Resource Capital Corp. will post -0.7 earnings per share for the current fiscal year.

A number of brokerages recently commented on RSO. B. Riley restated a “neutral” rating on shares of Resource Capital in a report on Friday, November 3rd. Zacks Investment Research cut Resource Capital from a “buy” rating to a “hold” rating in a report on Saturday, September 23rd. Finally, ValuEngine upgraded Resource Capital from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $11.75.

In related news, Director William B. Hart purchased 3,000 shares of Resource Capital stock in a transaction on Friday, November 17th. The shares were bought at an average price of $9.61 per share, with a total value of $28,830.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders acquired a total of 10,805 shares of company stock worth $104,798 in the last ninety days. 4.82% of the stock is owned by corporate 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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Institutional Ownership by Quarter for Resource Capital (NYSE:RSO)

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