Exantas Capital Corp (XAN) Receives Average Recommendation of “Buy” from Analysts

Exantas Capital Corp (NYSE:XAN) has been given a consensus broker rating score of 1.75 (Buy) from the four analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. Exantas Capital’s rating score has improved by 12.5% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Brokers have set a 12-month consensus price objective of $12.33 for the company and are forecasting that the company will post $0.23 EPS for the current quarter, according to Zacks. Zacks has also given Exantas Capital an industry rank of 43 out of 257 based on the ratings given to related companies.

Several brokerages have recently weighed in on XAN. Zacks Investment Research raised Exantas Capital from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Friday, November 2nd. BTIG Research initiated coverage on Exantas Capital in a research report on Monday, October 8th. They set a “buy” rating and a $13.00 price target on the stock. Finally, JMP Securities increased their price target on Exantas Capital from $12.00 to $12.50 and gave the stock a “market outperform” rating in a research report on Thursday, August 9th.

Several large investors have recently made changes to their positions in XAN. Bank of America Corp DE acquired a new stake in Exantas Capital during the second quarter worth about $106,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Exantas Capital in the second quarter valued at approximately $110,000. Cubist Systematic Strategies LLC bought a new position in shares of Exantas Capital in the second quarter valued at approximately $113,000. SG Americas Securities LLC bought a new position in Exantas Capital in the 3rd quarter worth approximately $124,000. Finally, First Quadrant L P CA bought a new position in Exantas Capital in the 2nd quarter worth approximately $130,000. Institutional investors and hedge funds own 61.86% of the company’s stock.

XAN stock traded down $0.35 during midday trading on Tuesday, hitting $10.83. 151,600 shares of the stock were exchanged, compared to its average volume of 189,412. Exantas Capital has a fifty-two week low of $8.51 and a fifty-two week high of $12.09. The stock has a market cap of $353.65 million, a PE ratio of -12.59 and a beta of 0.74. The company has a debt-to-equity ratio of 2.54, a quick ratio of 90.57 and a current ratio of 90.57.

Exantas Capital (NYSE:XAN) last announced its quarterly earnings data on Tuesday, October 30th. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. Exantas Capital had a return on equity of 0.55% and a net margin of 29.89%. The business had revenue of $14.51 million during the quarter, compared to the consensus estimate of $14.60 million. As a group, equities research analysts predict that Exantas Capital will post 0.62 earnings per share for the current year.

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, such as first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine debt, and commercial mortgage-backed securities.

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