In a report published Tuesday, Keefe, Bruyette & Woods analyst Jade J. Rahmani reiterated a Market Perform rating on Resource Capital Corp. (NYSE: RSO), but lowered the price target from $5.50 to $5.00.
In the report, Keefe, Bruyette & Woods...
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...
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.
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...
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...
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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:
first mortgage loans
Commercial finance assets include:
senior corporate loans
asset backed securities
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.