Zacks Investment Research upgraded shares of RESOURCE CAPITL (RSO) from NEUTRAL to OUTPERFORM on May 15, 2013, with a target price of $7.10.
Resource Capital Corp. is a specialty finance company that began operations in March and intends to qualify to be taxed as a real estate investment trust for federal income tax purposes. RCC invests in a combination of real estate-related assets and, to a lesser extent, higher-yielding commercial finance assets, targeting the following asset classes commercial real estate-related assets such as B notes, mezzanine debt and commercial mortgage-backed securities residential real estate-related assets such as residential mortgage-backed securities and commercial finance assets such as other asset-backed securities, syndicated bank loans, equipment leases, trust preferred securities and private equity investments principally issued by financial institutions.
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