Just How Positive is JMP Securities on Resource Capital (NYSE:RSO) Following Their Upgrade?

March 15, 2018 - By Clifton Ray

  Just How Positive is JMP Securities on Resource Capital (NYSE:RSO) Following Their Upgrade?

Resource Capital (NYSE:RSO) Stock Upgrade

In a note issued to investors and clients on 14 March, JMP Securities raised shares of Resource Capital (NYSE:RSO) to a Market Outperform. The previous rating for RSO was a Market Perform.

Resource Capital Corp. (NYSE:RSO) Ratings Coverage

Among 5 analysts covering Resource Capital Corp (NYSE:RSO), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Resource Capital Corp has $16 highest and $3.50 lowest target. $12.25’s average target is 29.49% above currents $9.46 stock price. Resource Capital Corp had 16 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was downgraded by JMP Securities on Friday, November 18 to “Mkt Underperform”. As per Wednesday, September 2, the company rating was maintained by Deutsche Bank. As per Tuesday, August 8, the company rating was maintained by FBR Capital. The rating was initiated by FBR Capital with “Outperform” on Thursday, December 17. The stock of Resource Capital Corp. (NYSE:RSO) has “Market Perform” rating given on Wednesday, September 2 by Wood. The stock has “Market Perform” rating by JMP Securities on Wednesday, March 9. Deutsche Bank maintained the shares of RSO in report on Tuesday, March 29 with “” rating. The company was upgraded on Friday, August 19 by JMP Securities. The stock has “Market Outperform” rating by JMP Securities on Wednesday, March 14. As per Monday, August 10, the company rating was maintained by Deutsche Bank.

The stock decreased 0.63% or $0.06 during the last trading session, reaching $9.46. About 33,294 shares traded. Resource Capital Corp. (NYSE:RSO) has declined 23.76% since March 15, 2017 and is downtrending. It has underperformed by 40.46% the S&P500.

Resource Capital Corp., a real estate investment trust, primarily focuses on the origination, holding, and management of commercial mortgage loans and other commercial real estate-related debt investments in the United States. The company has market cap of $292.14 million. It invests in commercial real estate-related assets, such as first mortgage loans, first priority interests in first mortgage real estate loans, subordinate interests in first mortgage real estate loans, mezzanine debt, commercial mortgage-backed securities, commercial real estate; and residential real estate-related assets, including residential mortgage loans and mortgaged-backed securities. It has a 50.86 P/E ratio. The firm is also involved in the investment of commercial finance assets comprising middle-market secured corporate loans and preferred equity investments, asset-backed securities, debt tranches of collateralized debt and loan obligations, structured note investments, senior secured corporate loans, and preferred equity investment in a commercial leasing enterprise.

More notable recent Resource Capital Corp. (NYSE:RSO) news were published by: Seekingalpha.com which released: “Resource Capital’s (RSO) CEO Bob Lieber on Q4 2017 Results – Earnings Call …” on March 08, 2018, also Globenewswire.com with their article: “Resource Capital Corp. to Report Operating Results for Fourth Quarter and …” published on February 22, 2018, Streetinsider.com published: “Form 4 Resource Capital Corp. For: Mar 12 Filed by: BRYANT DAVID J” on March 13, 2018. More interesting news about Resource Capital Corp. (NYSE:RSO) were released by: Seekingalpha.com and their article: “Resource Capital: A Quick Trade To Boost Yields On Idle Cash” published on March 08, 2018 as well as Globenewswire.com‘s news article titled: “Resource Capital Corp. Announces Full Redemption of its Outstanding 8.25 …” with publication date: February 21, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.