QUOTE AND NEWS
Benzinga  Oct 9  Comment 
In a report published Thursday, MLV & Co. analyst Richard Eckert upgraded the rating on Resource Capital Corp. (NYSE: RSO) from Hold to Buy, and reiterated a $6.00 price target. In the report, MLV & Co noted, “Notwithstanding small cuts to our...
StreetInsider.com  Oct 9  Comment 
UPGRADES Oppenheimer moves Apple (Nasdaq: AAPL) from Perform to Outperform with a price target of $115. Click Here for more color. MLV & Co. lifts Resource Capital Corp (NYSE: RSO) from Hold to Buy with a price target of $6. Craig-Hallum...
SeekingAlpha  Oct 8  Comment 
By Albert Alfonso: A few days ago, I wrote an article about little known Resource Capital Corp (NYSE:RSO), a specialty finance REIT which specializes in commercial real estate and mezzanine debt. As I noted in that piece, RSO saw heavy investing...
SeekingAlpha  Sep 30  Comment 
By Albert Alfonso: It has been a while since I last discussed Resource Capital (NYSE:RSO). For those not familiar with the stock, RSO is a specialty finance REIT with heavy exposure to higher risk commercial real estate and mezzanine debt. RSO is...
DailyFinance  Sep 26  Comment 
NEW YORK, NY -- (Marketwired) -- 09/26/14 -- Resource Capital Corp. (NYSE: RSO) (the "Company") announced today that it will present at the JMP Securities Financial Services & Real Estate Conference that will take place at the St. Regis Hotel in...
DailyFinance  Sep 19  Comment 
NEW YORK, NY -- (Marketwired) -- 09/19/14 -- Resource Capital Corp. (NYSE: RSO) (the "Company") announced today that its Board of Directors has declared a cash dividend of $0.20 per common share for the quarter ending September 30, 2014. The...
SeekingAlpha  Aug 18  Comment 
By Bret Jensen: I have substantially cut the amount of allocation I have geared toward my income portfolio over the past couple of months. With domestic economic growth set to perform better in the second half of the year and the Federal Reserve...
Benzinga  Aug 14  Comment 
In a report published Thursday, MLV & Co analyst Richard Eckert reiterated a Hold rating and $6.00 price target on Resource Capital (NYSE: RSO). In the report, MLV & Co noted, “Last Tuesday, after the market close, RSO reported another muddy...
SeekingAlpha  Aug 6  Comment 
Resource Capital Corp. (NYSE:RSO) Q2 2014 Results Earnings Conference Call August 6, 2014 8:30 AM ET Executives Jonathan Cohen - President and CEO Purvi Kamdar - Vice President, Investor Relations Dave Bloom - Head, Real Estate ...




 
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Background

  • Began operations as a REIT in March 2005.
  • Is a specialty finance company that is involved in commercial real estate assets and to a lesser extent commercial finance assets. The company invests in commercial real estate debt and other commercial finance assets. The company's investment strategy targets commercial real estate assets, commercial finance assets, and residential real estate and related assets.
  • Commercial real estate assets include:
    1. first mortgage loans
    2. mezzanine debt
    3. CMBS
    4. A-Notes
  • Commercial finance assets include:
    1. senior corporate loans
    2. asset backed securities
    3. equipment leases
    4. CDOs
    5. private equity investments
The company's residential real estate assets include investments in residential mortgage backed securities (RMBS).
RSO earns money from the spread between revenues from assets less the cost to finance the assets.
RSO is externally managed by Resource Capital Manager, which is a wholly owned subsidiary of Resource America (Nasdaq:REXI), an asset management company involved in financial fund management, real estate, and commercial finance.
As of September 30, 2007
RSO had 75% of its equity capital invested in commercial real estate assets, 24% in commercial bank loans, and 1% in direct financing leases and notes.

Competitors


References

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