Last $9.40 USD
Change Today -0.08 / -0.84%
Volume 18.9K
REXI On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/21/14 All times are local (Market data is delayed by at least 15 minutes).

resource america inc-cl a (REXI) Snapshot

Open
$9.40
Previous Close
$9.48
Day High
$9.48
Day Low
$9.37
52 Week High
02/28/14 - $9.60
52 Week Low
08/28/13 - $7.31
Market Cap
191.5M
Average Volume 10 Days
24.3K
EPS TTM
$0.20
Shares Outstanding
20.4M
EX-Date
07/15/14
P/E TM
45.9x
Dividend
$0.20
Dividend Yield
2.02%
Current Stock Chart for RESOURCE AMERICA INC-CL A (REXI)

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

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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.

633 Employees
Last Reported Date: 05/12/14
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 July 31, 2014

Resource America, Inc. announced that its Board of Directors has authorized the payment of a cash dividend on July 31, 2014 in the amount of $0.05 per share of the Company's common stock to all holders of record at the close of business on July 17, 2014.

REXI Seeks Acquisitions

Resource America, Inc. (NasdaqGS:REXI) is seeking acquisitions. Alan Feldman, Senior Vice President, Chief Executive Officer of Resource Real Estate said, “We are already busy looking at many acquisitions for opportunity REIT II and hope to identify one soon -- an investment soon.”

Resource America, Inc. Announces Unaudited Consolidated and Standalone Earnings Results for the First Quarter Ended March 31, 2014

Resource America, Inc. announced unaudited consolidated and standalone earnings results for the first quarter ended March 31, 2014. For the quarter on consolidated basis, the company reported total revenues of $49,302,000 against $43,327,000 a year ago. Operating income was $20,817,000 against $14,873,000 a year ago. Income from continuing operations before taxes was $19,186,000 against $14,385,000 a year ago. Income from continuing operations was $18,101,000 against $12,769,000 a year ago. Net income attributable to common shareholders was $990,000 against $496,000 a year ago. Diluted earnings per share from continuing operations was $0.04 against $0.02 a year ago. Adjusted net income attributable to common shareholders was $2,320,000 against $2,401,000 a year ago. Adjusted net income attributable to common shareholders per common per was $0.11 against $0.11 a year ago. Book value per common share of $7.83. As of March 31, 2014, the company's GAAP book value per common share was $7.83. The company's adjusted operating cash flow was $3.9 million for the quarter ended March 31, 2014. The company announced for the quarter stand-alone operating income of $2.1 million as compared to $529,000 for the prior year period.

 

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Industry Analysis

REXI

Industry Average

Valuation REXI Industry Range
Price/Earnings 30.1x
Price/Sales 1.2x
Price/Book 1.2x
Price/Cash Flow 21.7x
TEV/Sales NM Not Meaningful
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