SG Americas Securities LLC lifted its holdings in Exantas Capital Corp (NYSE:XAN) by 27.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 60,426 shares of the company’s stock after purchasing an additional 12,834 shares during the period. SG Americas Securities LLC’s holdings in Exantas Capital were worth $642,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Quantamental Technologies LLC purchased a new stake in Exantas Capital during the fourth quarter valued at approximately $31,000. Legal & General Group Plc lifted its position in Exantas Capital by 28.8% during the fourth quarter. Legal & General Group Plc now owns 6,214 shares of the company’s stock valued at $62,000 after acquiring an additional 1,390 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Exantas Capital by 95.1% during the first quarter. BNP Paribas Arbitrage SA now owns 6,967 shares of the company’s stock valued at $74,000 after acquiring an additional 3,396 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its position in Exantas Capital by 260.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,465 shares of the company’s stock valued at $85,000 after acquiring an additional 6,119 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its position in Exantas Capital by 296.4% during the first quarter. Meeder Asset Management Inc. now owns 13,300 shares of the company’s stock valued at $141,000 after acquiring an additional 9,945 shares during the last quarter. 66.18% of the stock is owned by hedge funds and other institutional investors.
XAN has been the subject of a number of analyst reports. ValuEngine raised shares of Exantas Capital from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. Deutsche Bank raised shares of Exantas Capital from a “hold” rating to a “buy” rating and set a $11.54 target price for the company in a research report on Thursday, May 2nd. Zacks Investment Research cut shares of Exantas Capital from a “hold” rating to a “sell” rating in a research report on Saturday, March 9th. Finally, TheStreet raised shares of Exantas Capital from a “d+” rating to a “c” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $12.41.
Exantas Capital (NYSE:XAN) last posted its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. The business had revenue of $15.58 million during the quarter, compared to analysts’ expectations of $14.70 million. Exantas Capital had a net margin of 60.74% and a return on equity of 6.17%. As a group, analysts expect that Exantas Capital Corp will post 0.98 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, March 29th were issued a $0.20 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.20%. This is a boost from Exantas Capital’s previous quarterly dividend of $0.18. Exantas Capital’s dividend payout ratio (DPR) is currently 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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