Monarch Partners Asset Management LLC Buys Shares of 57,090 Exantas Capital Corp (XAN)
Monarch Partners Asset Management LLC bought a new position in Exantas Capital Corp (NYSE:XAN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 57,090 shares of the company’s stock, valued at approximately $581,000. Monarch Partners Asset Management LLC owned about 0.18% of Exantas Capital as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Quadrant L P CA purchased a new position in Exantas Capital in the second quarter valued at approximately $130,000. Creative Planning purchased a new position in Exantas Capital in the second quarter valued at approximately $138,000. Atria Investments LLC purchased a new position in Exantas Capital in the second quarter valued at approximately $170,000. State Board of Administration of Florida Retirement System purchased a new position in Exantas Capital in the second quarter valued at approximately $182,000. Finally, Nisa Investment Advisors LLC purchased a new position in Exantas Capital in the second quarter valued at approximately $187,000. 51.69% of the stock is currently owned by institutional investors and hedge funds.
XAN has been the topic of several research reports. Raymond James initiated coverage on shares of Exantas Capital in a report on Monday, July 30th. They issued an “outperform” rating and a $12.00 price target on the stock. ValuEngine upgraded shares of Exantas Capital from a “hold” rating to a “buy” rating in a report on Friday, July 6th. Finally, JMP Securities raised their price target on shares of Exantas Capital from $12.00 to $12.50 and gave the company a “market outperform” rating in a report on Thursday, August 9th.
XAN opened at $11.96 on Friday. The company has a market cap of $374.82 million, a PE ratio of -13.90 and a beta of 0.93. Exantas Capital Corp has a 52-week low of $8.51 and a 52-week high of $12.05. The company has a debt-to-equity ratio of 2.37, a quick ratio of 166.86 and a current ratio of 166.87.
Exantas Capital (NYSE:XAN) last posted its quarterly earnings data on Wednesday, August 1st. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.07. The company had revenue of $13.65 million for the quarter, compared to analyst estimates of $10.40 million. Exantas Capital had a net margin of 54.24% and a negative return on equity of 2.89%. equities research analysts predict that Exantas Capital Corp will post 0.44 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 27th. Stockholders of record on Friday, June 29th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, June 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.34%. Exantas Capital’s dividend payout ratio is currently -46.51%.
About Exantas Capital
Exantas Capital Corp. engages in the provision of real estate finance services. It focuses on originating, holding and managing commercial mortgage loans, and commercial real estate-related debt investments. The company was founded in 2005 and is headquartered in New York, NY.
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