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 analysts also recently commented 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 Exantas Capital from an outperform rating to a market perform rating in a research report on Monday, April 13th. Finally, JMP Securities dropped their price target on Exantas Capital from $13.00 to $4.00 and set a market outperform rating on the stock in a research report on Tuesday, May 12th.
Shares of XAN opened at $2.65 on Friday. The company has a market capitalization of $82.35 million, a P/E ratio of -0.47 and a beta of 1.39. Exantas Capital has a one year low of $0.95 and a one year high of $12.51. The company has a debt-to-equity ratio of 5.04, a quick ratio of 270.63 and a current ratio of 270.63. The stock has a 50-day moving average price of $2.51 and a 200 day moving average price of $7.00.
Exantas Capital (NYSE:XAN) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.07). The business had revenue of $14.90 million during the quarter. Exantas Capital had a negative net margin of 274.26% and a positive return on equity of 7.95%. As a group, equities research analysts forecast that Exantas Capital will post 0.46 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. State Street Corp increased its position in Exantas Capital by 74.5% in the 1st quarter. State Street Corp now owns 1,179,773 shares of the company’s stock valued at $3,451,000 after acquiring an additional 503,526 shares during the period. Wolverine Asset Management LLC increased its position in Exantas Capital by 63.4% in the 1st quarter. Wolverine Asset Management LLC now owns 679,016 shares of the company’s stock valued at $1,874,000 after acquiring an additional 263,412 shares during the period. Orinda Asset Management LLC acquired a new stake in Exantas Capital in the 4th quarter valued at approximately $2,729,000. LSV Asset Management increased its position in Exantas Capital by 140.4% in the 4th quarter. LSV Asset Management now owns 284,959 shares of the company’s stock valued at $3,365,000 after acquiring an additional 166,441 shares during the period. Finally, Advisor Group Holdings Inc. acquired a new stake in Exantas Capital in the 1st quarter valued at approximately $349,000. Institutional investors and hedge funds 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.
See Also: Call Option
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Exantas Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exantas Capital and related companies with MarketBeat.com's FREE daily email newsletter.