Zacks Investment Research upgraded shares of Exantas Capital (NYSE:XAN) from a sell rating to a hold rating in a research report report published on Saturday, Zacks.com reports.
According to Zacks, “Exantas Capital Corp. operates as a real estate investment trust. It provides commercial real estate loans and credit investments such as commercial mortgage-backed securities. Exantas Capital Corp., formerly known as Resource Capital Corp., is based in New York, United States. “
A number of other research firms also recently weighed in on XAN. ValuEngine raised Exantas Capital from a strong sell rating to a sell rating in a report on Monday, June 1st. Raymond James cut shares of Exantas Capital from an outperform rating to a market perform rating in a research note on Monday, April 13th. Finally, JMP Securities cut their target price on shares of Exantas Capital from $13.00 to $4.00 and set a market outperform rating for the company in a research note on Tuesday, May 12th.
XAN stock opened at $2.65 on Friday. Exantas Capital has a twelve month low of $0.95 and a twelve month high of $12.51. The company has a market cap of $82.35 million, a PE ratio of -0.47 and a beta of 1.39. The business’s 50-day simple moving average is $2.51 and its 200 day simple moving average is $7.00. The company has a quick ratio of 270.63, a current ratio of 270.63 and a debt-to-equity ratio of 5.04.
Exantas Capital (NYSE:XAN) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.07). The company had revenue of $14.90 million for the quarter. Exantas Capital had a negative net margin of 274.26% and a positive return on equity of 7.95%. On average, equities research analysts anticipate that Exantas Capital will post 0.46 EPS for the current year.
A number of hedge funds have recently bought and sold shares of XAN. Great West Life Assurance Co. Can bought a new position in Exantas Capital in the 4th quarter worth approximately $25,000. Denali Advisors LLC bought a new position in Exantas Capital in the 1st quarter worth approximately $27,000. Jane Street Group LLC bought a new position in Exantas Capital in the 1st quarter worth approximately $33,000. US Bancorp DE raised its position in Exantas Capital by 559.8% in the 1st quarter. US Bancorp DE now owns 13,842 shares of the company’s stock worth $38,000 after purchasing an additional 11,744 shares during the last quarter. Finally, Bank of Montreal Can raised its position in Exantas Capital by 26.2% in the 4th quarter. Bank of Montreal Can now owns 5,778 shares of the company’s stock worth $68,000 after purchasing an additional 1,198 shares during the last quarter. Hedge funds and other institutional investors own 68.96% of the company’s stock.
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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