D. E. Shaw & Co. Inc. raised its holdings in Exantas Capital Corp (NYSE:XAN) by 46.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 225,233 shares of the company’s stock after acquiring an additional 71,037 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.71% of Exantas Capital worth $2,257,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE lifted its holdings in shares of Exantas Capital by 56.3% during the fourth quarter. Bank of America Corp DE now owns 19,606 shares of the company’s stock worth $196,000 after buying an additional 7,065 shares in the last quarter. United Services Automobile Association grew its position in Exantas Capital by 14.4% in the fourth quarter. United Services Automobile Association now owns 24,411 shares of the company’s stock valued at $245,000 after acquiring an additional 3,068 shares during the last quarter. Bessemer Group Inc. grew its position in Exantas Capital by 14.2% in the fourth quarter. Bessemer Group Inc. now owns 38,500 shares of the company’s stock valued at $386,000 after acquiring an additional 4,800 shares during the last quarter. Bayview Asset Management LLC bought a new stake in shares of Exantas Capital during the fourth quarter worth about $8,482,000. Finally, Martingale Asset Management L P grew its holdings in shares of Exantas Capital by 7.6% during the fourth quarter. Martingale Asset Management L P now owns 239,019 shares of the company’s stock worth $2,396,000 after purchasing an additional 16,893 shares during the last quarter. Hedge funds and other institutional investors own 66.66% of the company’s stock.
XAN has been the topic of several research reports. Zacks Investment Research cut Exantas Capital from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. ValuEngine raised Exantas Capital from a “hold” rating to a “buy” rating in a research note on Thursday, February 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Exantas Capital presently has an average rating of “Hold” and an average target price of $12.63.
Exantas Capital (NYSE:XAN) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The firm had revenue of $15.58 million during the quarter, compared to the consensus estimate of $14.70 million. Exantas Capital had a return on equity of 2.75% and a net margin of 49.61%. Research analysts predict that Exantas Capital Corp will post 1.01 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, March 29th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.80 annualized dividend and a yield of 7.33%. This is an increase from Exantas Capital’s previous quarterly dividend of $0.18. Exantas Capital’s dividend payout ratio is 112.68%.
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Exantas Capital Company Profile
Exantas Capital Corp., a real estate investment trust, primarily focuses on the origination, holding, and management of commercial mortgage loans and commercial real estate-related debt investments in the United States. It invests in commercial real estate-related assets, including first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine debt, preferred equity investments related to commercial real estate (CRE), commercial mortgage-backed securities, and CRE equity investments.
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