Price Action To Observe: What’s Propelling Resource Capital Corp. to Increase So Much?

Price Action To Observe: What's Propelling Resource Capital Corp. to Increase So Much?

The stock of Resource Capital Corp. (NYSE:RSO) is a huge mover today! About 1.05 million shares traded hands or 313.66% up from the average. Resource Capital Corp. (NYSE:RSO) has declined 24.38% since April 14, 2016 and is downtrending. It has underperformed by 29.06% the S&P500.
The move comes after 7 months positive chart setup for the $288.35 million company. It was reported on Nov, 16 by Barchart.com. We have $24.21 PT which if reached, will make NYSE:RSO worth $487.31M more.

Resource Capital Corp. (NYSE:RSO) Ratings Coverage

Out of 5 analysts covering Resource Capital Corp (NYSE:RSO), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. Resource Capital Corp has been the topic of 13 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Thursday, December 17, the company rating was initiated by FBR Capital. The firm has “Market Perform” rating given on Wednesday, September 2 by Wood. The rating was maintained by Deutsche Bank on Tuesday, March 29 with “”. JMP Securities downgraded the stock to “Market Perform” rating in Wednesday, March 9 report. As per Friday, August 19, the company rating was upgraded by JMP Securities. The stock of Resource Capital Corp. (NYSE:RSO) earned “Hold” rating by Deutsche Bank on Wednesday, September 2. The firm earned “Hold” rating on Monday, August 10 by Deutsche Bank. On Tuesday, November 15 the stock rating was downgraded by FBR Capital to “Mkt Perform”.

According to Zacks Investment Research, “Resource Capital Corp. is a specialty finance company that began operations in March and intends to qualify to be taxed as a real estate investment trust for federal income tax purposes. RCC invests in a combination of real estate-related assets and, to a lesser extent, higher-yielding commercial finance assets, targeting the following asset classes commercial real estate-related assets such as B notes, mezzanine debt and commercial mortgage-backed securities; residential real estate-related assets such as residential mortgage-backed securities; and commercial finance assets such as other asset-backed securities, syndicated bank loans, equipment leases, trust preferred securities and private equity investments principally issued by financial institutions.”

More notable recent Resource Capital Corp. (NYSE:RSO) news were published by: Seekingalpha.com which released: “A Huge Upgrade To Resource Capital Corporation” on November 15, 2016, also Finance.Yahoo.com with their article: “Resource Capital Corp. to Report Third Quarter 2016 Operating Results” published on November 09, 2016, Marketwatch.com published: “Resource Capital Corp.’s External Manager to Be Acquired by C-III Capital …” on May 23, 2016. More interesting news about Resource Capital Corp. (NYSE:RSO) were released by: Seekingalpha.com and their article: “Upgrade To Neutral: Resource Capital Corporation Now Fairly Priced” published on November 02, 2016 as well as Businesswire.com‘s news article titled: “Robbins Arroyo LLP: Resource Capital Corp. (RSO) Investors Survive Defendants …” with publication date: October 28, 2016.

RSO Company Profile

Resource Capital Corp., incorporated on January 31, 2005, is a real estate finance Company. The Company’s business divisions include Commercial Real Estate Lending, Commercial Finance, Middle Market Lending, Residential Mortgage Lending, and Corporate & Other. The Commercial Real Estate Lending operating segment includes the Company’s activities and activities related to commercial real estate loans, commercial real estate-related securities, and investments in real estate. The Commercial Finance operating segment includes the Company’s activities and activities related to bank loans, bank loan-related securities, and direct financing leases. The Middle Market Lending operating segment includes the Company’s activities and activities related to the origination and purchase of middle market loans. The Residential Mortgage Lending operating segment includes the Company’s activities and activities related to the origination and servicing of residential mortgage loans and the investment in residential mortgage-backed securities (RMBS). The Firm is externally managed by Resource Capital Manager, Inc.

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