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Last $8.81 USD
Change Today +0.02 / 0.23%
Volume 19.6K
As of 8:10 PM 04/20/15 All times are local (Market data is delayed by at least 15 minutes).

resource america inc-cl a (REXI) Snapshot

Open
$8.85
Previous Close
$8.79
Day High
$8.90
Day Low
$8.76
52 Week High
07/23/14 - $9.96
52 Week Low
05/9/14 - $8.16
Market Cap
202.6M
Average Volume 10 Days
21.4K
EPS TTM
$0.29
Shares Outstanding
23.0M
EX-Date
04/14/15
P/E TM
30.0x
Dividend
$0.24
Dividend Yield
2.61%
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.

737 Employees
Last Reported Date: 03/13/15
Founded in 1966

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

Chief Executive Officer, Director and Member ...
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
Senior Vice President, Managing Director of R...
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. Authorizes Payment of Quarterly Cash Dividend, Payable on April 30, 2015

Resource America, Inc. announced that its Board of Directors has authorized the payment of a cash dividend on April 30, 2015 in the amount of $0.06 per share of the company's common stock to all holders of record at the close of business on April 16, 2015.

Resource America, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended Dec. 31, 2014; Provides Earnings Guidance for the Year 2015

Resource America, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended Dec. 31, 2014. For the quarter, the company reported total revenues of $42.825 million compared to $23.147 million a year ago. Operating income was $6.147 million compared to operating loss of $9.895 million a year ago. Income from continuing operations before taxes was $13.664 million compared to loss from continuing operations before taxes of $0.650 million a year ago. Income from continuing operations was $14.347 million compared to $2.559 million a year ago. Net income attributable to common shareholders was $1.744 million or $0.08 per diluted share compared to $1.375 million or $0.06 per diluted share a year ago. Income from continuing operations attributable to common shareholders was $1.744 million or $0.08 per diluted share compared to $1.375 million or $0.06 per diluted share a year ago. Adjusted net income attributable to common shareholders was $2.135 million or $0.09 per diluted share compared to $3.488 million or $0.16 per diluted share a year ago. In the quarter ended December 31, 2014, the company earned $2.8 million of adjusted cash earnings from operations. For the year, the company reported total revenues of $169.279 million compared to $145.724 million a year ago. Operating income was $47.676 million compared to $30.648 million a year ago. Income from continuing operations before taxes was $72.015 million compared to $52.645 million a year ago. Income from continuing operations was $68.374 million compared to $52.029 million a year ago. Net income attributable to common shareholders was $6.968 million or $0.31 per diluted share compared to $6.426 million or $0.29 per diluted share a year ago. Income from continuing operations attributable to common shareholders was $6.968 million or $0.31 per diluted share compared to $6.428 million or $0.29 per diluted share a year ago. Adjusted net income attributable to common shareholders was $12.059 million or $0.54 per diluted share compared to $11.795 million or $0.54 per diluted share a year ago. For 2014, total adjusted cash earnings from operations were $18.3 million as compared to $15.7 million for 2013, a 17% increase. The company expects to earn adjusted after-tax income of approximately $0.75 during 2015.

Resource America Seeks Acquisitions

Jonathan Cohen, President and Chief Executive Officer of Resource America, Inc. (NasdaqGS:REXI) said that the company expects acquisitions to increase in the second quarter.

 

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Industry Analysis

REXI

Industry Average

Valuation REXI Industry Range
Price/Earnings 28.2x
Price/Sales 1.2x
Price/Book 1.2x
Price/Cash Flow 23.0x
TEV/Sales NM Not Meaningful
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