Resource Capital (RSO) has been under a strong bear grip, hence the stock is down -2.96% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.36% in the past 1 week. The 4-week change in the price of the stock is -3.16% and the stock has fallen -0.3% in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.72% and the fifty day Moving Average is 1.82%. Resource Capital Corp. is up 4.27% in the last three month period. Year-to-Date the stock performance stands at 3.29%.
Resource Capital (RSO) : The highest short term price target forecast on Resource Capital (RSO) is $14 and the lowest target price is $11. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $12.81 with a standard deviation of $1.28.
Resource Capital (NYSE:RSO): On Fridays trading session , Opening price of the stock was $13.45 with an intraday high of $13.4749. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.13. However, the stock managed to close at $13.18, a loss of 1.64% for the day. On the previous day, the stock had closed at $13.4. The total traded volume of the day was 119,026 shares.
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.