Bank CEOs meet with Trump to discuss Fannie Mae and Freddie Mac - Bloomberg
Resource Capital Corp (NYSE:ACR) stock soared to a 52-week high of $20.03, reflecting a remarkable turnaround for the real estate investment trust. According to InvestingPro analysis, the company appears slightly undervalued at current levels, with strong financial health indicators and a notably low Price-to-Book ratio of 0.33. This peak represents a significant milestone for the company, which has seen its stock price surge over the past year. Investors have been buoyed by the company’s strategic initiatives and strong performance in its core markets. The 52-week high is a testament to the growing investor confidence in Resource Capital Corp’s business model and future prospects. The stock has delivered an impressive 82.85% return over the past year and 20.8% year-to-date. InvestingPro subscribers have access to 8 additional key insights about ACR, including detailed financial health scores and comprehensive valuation metrics in the Pro Research Report.
In other recent news, Axaktor reported a significant increase in gross revenue for the fourth quarter of 2024, rising from €85 million to €161 million. This surge was largely attributed to a strategic portfolio sale in Spain, although organic revenue saw a 4% decline. The company’s Cash EBITDA also saw a notable increase, climbing from €55 million to €130 million year-over-year. Despite these gains, Axaktor’s return on equity for 2024 was negative, at -19%, highlighting ongoing profitability challenges. The company plans to invest between €100 million and €200 million, with a focus on the lower end of this range. Analysts from Deutsche Bank (ETR:DBKGn) discussed the impact of the asset sale on future collections and raised questions about potential future revaluations. Axaktor continues to navigate macroeconomic pressures in European markets, particularly in Germany, which remains a challenge for the company.
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