TIAA CREF Investment Management LLC decreased its stake in shares of Resource Capital Corp. (NYSE:RSO) by 4.2% during the first quarter, Holdings Channel reports. The fund owned 121,375 shares of the real estate investment trust’s stock after selling 5,321 shares during the period. TIAA CREF Investment Management LLC’s holdings in Resource Capital Corp. were worth $1,186,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in Resource Capital Corp. during the first quarter valued at approximately $118,000. Denver Investment Advisors LLC acquired a new stake in Resource Capital Corp. during the first quarter valued at approximately $123,000. Teza Capital Management LLC acquired a new stake in Resource Capital Corp. during the first quarter valued at approximately $144,000. UBS Asset Management Americas Inc. acquired a new stake in Resource Capital Corp. during the first quarter valued at approximately $146,000. Finally, TFS Capital LLC acquired a new stake in Resource Capital Corp. during the first quarter valued at approximately $159,000. 46.35% of the stock is owned by hedge funds and other institutional investors.

Resource Capital Corp. (NYSE RSO) traded down 0.0720% during midday trading on Wednesday, hitting $10.4125. 16,095 shares of the stock traded hands. Resource Capital Corp. has a 12 month low of $7.57 and a 12 month high of $13.57. The company has a 50-day moving average of $10.27 and a 200-day moving average of $9.50. The stock’s market cap is $321.05 million.

Resource Capital Corp. (NYSE:RSO) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by $0.01. The company had revenue of $9.29 million for the quarter, compared to analysts’ expectations of $9.42 million. Resource Capital Corp. had a negative net margin of 48.78% and a negative return on equity of 6.09%. On average, equities research analysts anticipate that Resource Capital Corp. will post $0.03 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, June 30th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.92%. The ex-dividend date was Wednesday, June 28th. Resource Capital Corp.’s dividend payout ratio is currently -10.93%.

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Several equities research analysts have recently commented on the stock. FBR & Co upped their price target on shares of Resource Capital Corp. from $9.75 to $11.50 and gave the company a “market perform” rating in a research report on Tuesday, August 8th. BidaskClub lowered shares of Resource Capital Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Zacks Investment Research raised shares of Resource Capital Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th.

About Resource Capital Corp.

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 Corp. (NYSE:RSO)

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