UPDATE: Deutsche Bank Raises PT to $6.75 on Resource Capital; Maintains Neutral on Valuation

Deutsche Bank maintained Resource Capital RSO with a Hold rating and raised the price target from $6.50 to $6.75. Deutsche Bank noted, "RSO reported strong 4Q results, with AFFO beating our estimate and BVPS increasing roughly 2% sequentially. Given the portfolio at YE and our portfolio growth forecast, we are increasing our 2013 AFFO estimate by 3c to 85c per share. We are increasing our target to $6.75 per share given the sequential BVPS increase; however, we are maintaining our Hold rating given the current valuation." Resource Capital closed at $6.63 on Friday.