Oxford Asset Management bought a new position in shares of Resource Capital Corp. (NYSE:RSO) during the first quarter, Holdings Channel reports. The firm bought 44,440 shares of the real estate investment trust’s stock, valued at approximately $434,000. Oxford Asset Management owned 0.14% of Resource Capital Corp. as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of RSO. Kayne Anderson Capital Advisors LP raised its stake in shares of Resource Capital Corp. by 30.0% in the first quarter. Kayne Anderson Capital Advisors LP now owns 65,000 shares of the real estate investment trust’s stock worth $635,000 after buying an additional 15,000 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of Resource Capital Corp. by 48.6% in the first quarter. Parametric Portfolio Associates LLC now owns 165,500 shares of the real estate investment trust’s stock worth $1,617,000 after buying an additional 54,096 shares during the period. TFS Capital LLC purchased a new stake in shares of Resource Capital Corp. during the first quarter worth $159,000. Denver Investment Advisors LLC purchased a new stake in shares of Resource Capital Corp. during the first quarter worth $123,000. Finally, Teza Capital Management LLC purchased a new stake in shares of Resource Capital Corp. during the first quarter worth $144,000. 45.72% of the stock is owned by institutional investors and hedge funds.
Shares of Resource Capital Corp. (NYSE:RSO) opened at 10.09 on Friday. The company’s market capitalization is $310.77 million. The firm’s 50-day moving average price is $9.60 and its 200-day moving average price is $8.98. Resource Capital Corp. has a 12 month low of $7.57 and a 12 month high of $13.73.
Resource Capital Corp. (NYSE:RSO) last released its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.17. Resource Capital Corp. had a negative return on equity of 4.90% and a negative net margin of 47.84%. The business had revenue of $11.22 million during the quarter, compared to analyst estimates of $8.90 million. Equities research analysts expect that Resource Capital Corp. will post $0.06 EPS for the current year.
Separately, JMP Securities raised Resource Capital Corp. from an “underperform” rating to a “market perform” rating in a research report on Tuesday, March 14th.
Resource Capital Corp. Company Profile
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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