ValuEngine Lowers Exantas Capital (NYSE:XAN) to Sell

ValuEngine downgraded shares of Exantas Capital (NYSE:XAN) from a hold rating to a sell rating in a report released on Thursday morning, ValuEngine reports.

Several other research analysts have also recently issued reports on the stock. TheStreet upgraded shares of Exantas Capital from a d+ rating to a c rating in a report on Thursday, May 2nd. Deutsche Bank upgraded shares of Exantas Capital from a hold rating to a buy rating and set a $11.54 price objective for the company in a report on Thursday, May 2nd. Finally, Zacks Investment Research upgraded shares of Exantas Capital from a sell rating to a hold rating in a report on Friday, July 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $12.51.

Shares of Exantas Capital stock traded up $0.01 on Thursday, hitting $11.33. The company had a trading volume of 94,301 shares, compared to its average volume of 156,012. The business has a 50-day simple moving average of $11.30. The company has a current ratio of 237.84, a quick ratio of 237.84 and a debt-to-equity ratio of 2.90. The stock has a market cap of $360.68 million, a P/E ratio of 15.96 and a beta of 0.75. Exantas Capital has a 52 week low of $9.72 and a 52 week high of $12.09.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Friday, June 28th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Thursday, June 27th. This is a positive change from Exantas Capital’s previous quarterly dividend of $0.20. This represents a $0.90 annualized dividend and a yield of 7.94%. Exantas Capital’s dividend payout ratio is currently 126.76%.

A number of hedge funds have recently added to or reduced their stakes in XAN. Marshall Wace LLP acquired a new stake in Exantas Capital during the first quarter valued at approximately $1,317,000. D. E. Shaw & Co. Inc. lifted its stake in Exantas Capital by 46.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 225,233 shares of the company’s stock valued at $2,257,000 after purchasing an additional 71,037 shares during the last quarter. Kennedy Capital Management Inc. lifted its stake in Exantas Capital by 7.0% during the first quarter. Kennedy Capital Management Inc. now owns 1,004,597 shares of the company’s stock valued at $10,679,000 after purchasing an additional 65,515 shares during the last quarter. American Century Companies Inc. acquired a new stake in Exantas Capital during the fourth quarter valued at approximately $409,000. Finally, Campbell & CO Investment Adviser LLC lifted its stake in Exantas Capital by 83.3% during the first quarter. Campbell & CO Investment Adviser LLC now owns 61,999 shares of the company’s stock valued at $659,000 after purchasing an additional 28,173 shares during the last quarter. 67.57% of the stock is owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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