Monarch Partners Asset Management LLC lifted its position in Exantas Capital Corp (NYSE:XAN) by 8.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 122,732 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Monarch Partners Asset Management LLC’s holdings in Exantas Capital were worth $1,395,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently made changes to their positions in XAN. Bank of Montreal Can raised its stake in shares of Exantas Capital by 150.6% in the second quarter. Bank of Montreal Can now owns 4,321 shares of the company’s stock worth $49,000 after purchasing an additional 2,597 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of Exantas Capital in the second quarter worth about $57,000. A.R.T. Advisors LLC raised its stake in shares of Exantas Capital by 9.2% in the second quarter. A.R.T. Advisors LLC now owns 14,296 shares of the company’s stock worth $162,000 after purchasing an additional 1,200 shares during the last quarter. Eidelman Virant Capital purchased a new position in shares of Exantas Capital in the second quarter worth about $169,000. Finally, Aperio Group LLC purchased a new position in shares of Exantas Capital in the second quarter worth about $200,000. Hedge funds and other institutional investors own 69.08% of the company’s stock.
Separately, ValuEngine cut Exantas Capital from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.
Exantas Capital stock traded up $0.01 during midday trading on Friday, hitting $11.69. 191,228 shares of the company were exchanged, compared to its average volume of 139,026. The firm has a market capitalization of $371.90 million, a PE ratio of 16.46 and a beta of 0.74. Exantas Capital Corp has a fifty-two week low of $9.72 and a fifty-two week high of $11.90. The business has a fifty day simple moving average of $11.48 and a two-hundred day simple moving average of $11.30. The company has a debt-to-equity ratio of 3.47, a quick ratio of 180.25 and a current ratio of 180.25.
The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Monday, September 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.55%. This is a positive change from Exantas Capital’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, September 27th. Exantas Capital’s dividend payout ratio (DPR) is 140.85%.
Exantas Capital 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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