Resource Capital Corp. (RSO) was Upgraded by JMP Securities to ” Mkt Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. JMP Securities advised their investors in a research report released on Aug 19, 2016.
Resource Capital Corp. opened for trading at $12.71 and hit $12.94 on the upside on Wednesday, eventually ending the session at $12.85, with a gain of 1.10% or 0.14 points. The heightened volatility saw the trading volume jump to 94,865 shares. Company has a market cap of $400 M.
In a different news, on Aug 18, 2016, David E Bloom (Senior Vice President) purchased 8,000 shares at $12.87 per share price. According to the SEC, on May 17, 2016, Jeffrey D Blomstrom (Senior Vice President) sold 14,721 shares at $12.58 per share price. On Dec 16, 2015, David J Bryant (CFO) purchased 2,000 shares at $15.70 per share price, according to the Form-4 filing with the securities and exchange commission.
Resource Capital Corp. is a real estate finance Company. The Company invests in asset classes which include commercial real estate-related assets residential real estate-related assets and commercial finance assets. Its commercial real estate-related assets include loans interests in mortgage loans Mezzanine debt related to commercial real estate commercial mortgage-backed securities and commercial real estate. Its residential real estate-related assets include residential mortgage loans and securities. Its commercial finance assets include senior secured corporate loans asset-backed securities debt tranches of collateralized debt obligations and collateralized loan obligations structured note investments middle-market secured corporate loans and preferred equity investments. The Company is externally managed by Resource Capital Manager Inc. or the Manager an indirect wholly-owned subsidiary of Resource America Inc.