Exantas Capital (XAN) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Exantas Capital (NYSE:XAN) from a sell rating to a buy rating in a research report report published on Saturday, Zacks.com reports. The firm currently has $13.00 price target on the stock.

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. “

Several other research firms have also weighed in on XAN. ValuEngine upgraded shares of Exantas Capital from a hold rating to a buy rating in a research report on Thursday, February 7th. Deutsche Bank upgraded shares of Exantas Capital from a hold rating to a buy rating and set a $11.54 price target for the company in a research report on Thursday, May 2nd. Finally, TheStreet upgraded shares of Exantas Capital from a d+ rating to a c rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $12.41.



Shares of XAN stock opened at $11.18 on Friday. The stock has a market capitalization of $360.77 million, a PE ratio of 15.77 and a beta of 0.81. The company has a debt-to-equity ratio of 2.81, a current ratio of 132.44 and a quick ratio of 132.44. Exantas Capital has a one year low of $9.70 and a one year high of $12.09.

Exantas Capital (NYSE:XAN) last announced its earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The company had revenue of $15.58 million during the quarter, compared to the consensus estimate of $14.70 million. Exantas Capital had a net margin of 60.74% and a return on equity of 6.18%. On average, equities research analysts anticipate that Exantas Capital will post 0.98 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, March 29th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.80 annualized dividend and a yield of 7.16%. This is a positive change from Exantas Capital’s previous quarterly dividend of $0.18. Exantas Capital’s dividend payout ratio is presently 112.68%.

A number of institutional investors and hedge funds have recently bought and sold shares of XAN. Wells Fargo & Company MN raised its holdings in Exantas Capital by 6.6% during the third quarter. Wells Fargo & Company MN now owns 99,700 shares of the company’s stock worth $1,095,000 after purchasing an additional 6,179 shares in the last quarter. Martingale Asset Management L P raised its holdings in Exantas Capital by 58.2% during the third quarter. Martingale Asset Management L P now owns 222,126 shares of the company’s stock worth $2,439,000 after purchasing an additional 81,727 shares in the last quarter. BlackRock Inc. raised its holdings in Exantas Capital by 7.3% during the third quarter. BlackRock Inc. now owns 3,077,344 shares of the company’s stock worth $33,789,000 after purchasing an additional 208,387 shares in the last quarter. Credit Suisse AG raised its holdings in Exantas Capital by 151.0% during the third quarter. Credit Suisse AG now owns 50,896 shares of the company’s stock worth $559,000 after purchasing an additional 150,684 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Exantas Capital by 45.4% during the third quarter. JPMorgan Chase & Co. now owns 183,895 shares of the company’s stock worth $2,019,000 after purchasing an additional 57,421 shares in the last quarter. Institutional investors own 66.28% of the company’s stock.

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, 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: Cost of Equity For A Business, Investors

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