Exantas Capital Corp (NYSE:XAN) Increases Dividend to $0.23 Per Share

Exantas Capital Corp (NYSE:XAN) declared a quarterly dividend on Wednesday, June 12th, NASDAQ reports. Investors of record on Friday, June 28th will be given a dividend of 0.225 per share on Friday, July 26th. This represents a $0.90 dividend on an annualized basis and a yield of 8.02%. The ex-dividend date is Thursday, June 27th. This is a positive change from Exantas Capital’s previous quarterly dividend of $0.20.

Exantas Capital has a payout ratio of 84.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Exantas Capital to earn $1.10 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 81.8%.

Exantas Capital stock traded up $0.02 during midday trading on Tuesday, reaching $11.22. The stock had a trading volume of 2,771 shares, compared to its average volume of 127,404. The firm has a fifty day moving average of $11.15. Exantas Capital has a twelve month low of $9.72 and a twelve month high of $12.09. The company has a debt-to-equity ratio of 2.90, a quick ratio of 237.84 and a current ratio of 237.84. The firm has a market cap of $356.99 million, a price-to-earnings ratio of 15.79 and a beta of 0.74.



A number of research firms have issued reports on XAN. ValuEngine downgraded shares of Exantas Capital from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Zacks Investment Research upgraded shares of Exantas Capital from a “sell” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Saturday, May 11th. Deutsche Bank upgraded shares of Exantas Capital from a “hold” rating to a “buy” rating and set a $11.54 price target on the stock in a report on Thursday, May 2nd. Finally, TheStreet upgraded shares of Exantas Capital from a “d+” rating to a “c” rating in a report on Thursday, May 2nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $12.41.

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.

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Dividend History for Exantas Capital (NYSE:XAN)

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