Monarch Partners Asset Management LLC boosted its stake in Exantas Capital Corp (NYSE:XAN) by 38.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 78,930 shares of the company’s stock after acquiring an additional 21,840 shares during the period. Monarch Partners Asset Management LLC’s holdings in Exantas Capital were worth $867,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of America Corp DE purchased a new stake in Exantas Capital in the 2nd quarter valued at about $106,000. Dynamic Technology Lab Private Ltd purchased a new stake in Exantas Capital in the 2nd quarter valued at about $110,000. Cubist Systematic Strategies LLC purchased a new stake in Exantas Capital in the 2nd quarter valued at about $113,000. First Quadrant L P CA purchased a new stake in Exantas Capital in the 2nd quarter valued at about $130,000. Finally, Creative Planning purchased a new stake in Exantas Capital in the 2nd quarter valued at about $138,000. Hedge funds and other institutional investors own 52.59% of the company’s stock.
XAN stock opened at $11.10 on Tuesday. The company has a debt-to-equity ratio of 2.37, a quick ratio of 166.86 and a current ratio of 166.87. Exantas Capital Corp has a fifty-two week low of $8.51 and a fifty-two week high of $12.09. The company has a market cap of $352.98 million, a P/E ratio of -12.91 and a beta of 0.73.
Exantas Capital (NYSE:XAN) last released its earnings results on Tuesday, October 30th. The company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. Exantas Capital had a net margin of 29.89% and a return on equity of 0.55%. The firm had revenue of $14.51 million for the quarter, compared to analyst estimates of $14.60 million. Analysts anticipate that Exantas Capital Corp will post 0.62 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Friday, September 28th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.41%. This is a positive change from Exantas Capital’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, September 27th. Exantas Capital’s dividend payout ratio is presently -69.77%.
Several analysts recently issued reports on XAN shares. BTIG Research assumed coverage on shares of Exantas Capital in a report on Monday, October 8th. They issued a “buy” rating and a $13.00 price objective on the stock. JMP Securities boosted their price target on shares of Exantas Capital from $12.00 to $12.50 and gave the stock a “market outperform” rating in a research note on Thursday, August 9th. Raymond James assumed coverage on shares of Exantas Capital in a research note on Monday, July 30th. They set an “outperform” rating and a $12.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Exantas Capital from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Friday. Five equities research analysts have rated the stock with a buy rating, Exantas Capital currently has an average rating of “Buy” and an average target price of $12.63.
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About Exantas Capital
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, such as first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine debt, and commercial mortgage-backed securities.
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