Last $9.39 USD
Change Today +0.06 / 0.64%
Volume 20.0K
REXI On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

resource america inc-cl a (REXI) Snapshot

Open
$9.28
Previous Close
$9.33
Day High
$9.45
Day Low
$9.28
52 Week High
07/23/14 - $9.96
52 Week Low
02/3/14 - $7.99
Market Cap
191.1M
Average Volume 10 Days
49.5K
EPS TTM
$0.28
Shares Outstanding
20.4M
EX-Date
10/15/14
P/E TM
33.9x
Dividend
$0.24
Dividend Yield
2.24%
Current Stock Chart for RESOURCE AMERICA INC-CL A (REXI)

resource america inc-cl a (REXI) Related Businessweek News

No Related Businessweek News Found

resource america inc-cl a (REXI) Details

Resource America, Inc. operates as an asset management company. The company, through its subsidiaries, operates in three segments: Financial Fund Management; Real Estate; and Equipment Finance. The Financial Fund Management segment engages in the formation and collateral management of structured financial products and of issuers of collateralized debt obligations, such as trust preferred securities, asset backed securities, leveraged loans, private equity, commercial mortgage backed securities, residential mortgage backed securities, collateralized debt obligations, and home equity loans. The Real Estate segment focuses on the acquisition of multifamily properties on behalf of the limited partnership investment funds it sponsors. The Equipment Finance segment offers small ticket equipment leases to the small to mid-sized business market through the formation of strategic marketing alliances. Resource America, Inc. was founded in 1966 and is based in Philadelphia, Pennsylvania.

661 Employees
Last Reported Date: 08/11/14
Founded in 1966

resource america inc-cl a (REXI) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $600.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $843.8K
Senior Vice President, Chief Executive Office...
Total Annual Compensation: $987.5K
President of Resource Financial Fund Manageme...
Total Annual Compensation: $841.3K
Executive Vice President
Total Annual Compensation: $843.8K
Compensation as of Fiscal Year 2013.

resource america inc-cl a (REXI) Key Developments

Resource America, Inc. Announces Quarterly Cash Dividend, Payable on October 31, 2014

Resource America, Inc. announced that it has increased the amount of its quarterly cash dividend by 20% to $0.06 per share of common stock. The cash dividend will be paid on October 31, 2014 to all holders of record at the close of business on October 17, 2014.

Resource America, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reaffirms Earnings Guidance for 2014; Provides Cash Flow Guidance for 2015

Resource America, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $53,115,000 against $33,485,000 a year ago. Operating income was $19,531,000 against $10,124,000 a year ago. Income from continuing operations before taxes was $21,942,000 against $9,737,000 a year ago. Income from continuing operations was $20,207,000 against $9,511,000 a year ago. Net income attributable to common shareholders was $2,718,000 against $1,113,000 a year ago. Diluted earnings per share were $0.12 against $0.05 a year ago. Adjusted net income attributable to common shareholders was $4,615,000 or $0.21 per diluted share against $502,000 or $0.02 per diluted share a year ago. Stand-alone operating income was $4.8 million as compared to a $97,000 loss for the prior year period. The company earned $6.6 million of adjusted cash earnings from operations as compared to $3.9 million for the quarter ended March 31, 2014, and $1.8 million for the quarter ended June 30, 2013, a 59% sequential increase and a 274% increase year-over-year. The increasing GAAP earnings as well as cash earnings is mostly due to the increased assets under management at both equity real estate and debt real estate asset manager and the strong operating leverage that converts additional AUM to cash flow and earnings. For the six months, the company reported revenues of $102,417,000 against $76,812,000 a year ago. Operating income was $40,348,000 against $24,997,000 a year ago. Income from continuing operations before taxes was $41,128,000 against $24,122,000 a year ago. Income from continuing operations was $38,308,000 against $22,280,000 a year ago. Net income attributable to common shareholders was $3,708,000 against $1,609,000 a year ago. Diluted earnings per share were $0.17 against $0.07 a year ago. Adjusted net income attributable to common shareholders was $6,962,000 or $0.32 per diluted share against $3,038,000 or $0.14 per diluted share a year ago. The company earned $10.5 million of adjusted cash earnings. Book value per common share was $7.88. The company remains on track to meet guidance of earning $20 million to $25 million of cash from adjusted earnings for the year. The company expects very good growth in cash flow in 2014 to 2015.

Resource America, Inc. to Report Q2, 2014 Results on Aug 06, 2014

Resource America, Inc. announced that they will report Q2, 2014 results After-Market on Aug 06, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
REXI:US $9.39 USD +0.06

REXI Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Calamos Asset Management Inc $11.60 USD +0.28
Diamond Hill Investment Group Inc $117.52 USD -1.38
Silvercrest Asset Management Group Inc $14.21 USD -0.04
Value Line Inc $15.85 USD +0.20
Westwood Holdings Group Inc $58.42 USD +0.11
View Industry Companies
 

Industry Analysis

REXI

Industry Average

Valuation REXI Industry Range
Price/Earnings 24.0x
Price/Sales 1.1x
Price/Book 1.2x
Price/Cash Flow 18.1x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact RESOURCE AMERICA INC-CL A, please visit www.resourceamerica.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.