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Fly News Breaks for March 14, 2018
RSO
Mar 14, 2018 | 07:13 EDT
As previously reported, JMP Securities analyst Steven DeLaney upgraded Resource Capital to Outperform from Market Perform, stating that its fourth quarter results showed continued progress with its balance sheet transition, excluding some "noise" from one-time charges. The board is maintaining the current 5c quarterly dividend for Q1, but DeLaney said he is now comfortable projecting an increase to 10c in Q2 and further increases in 2019, he tells investors. The analyst set an $11 price target on Resource Capital shares.
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