ClariVest Asset Management LLC Invests $172,000 in Exantas Capital Corp (XAN) Stock

ClariVest Asset Management LLC acquired a new stake in Exantas Capital Corp (NYSE:XAN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,691 shares of the company’s stock, valued at approximately $172,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Exantas Capital in the second quarter worth $29,205,000. Acadian Asset Management LLC raised its holdings in Exantas Capital by 459.5% in the third quarter. Acadian Asset Management LLC now owns 964,819 shares of the company’s stock worth $10,594,000 after purchasing an additional 792,387 shares during the period. Forward Management LLC acquired a new stake in Exantas Capital in the second quarter worth $9,445,000. Northern Trust Corp acquired a new stake in Exantas Capital in the second quarter worth $3,703,000. Finally, Prudential Financial Inc. raised its holdings in Exantas Capital by 26.8% in the third quarter. Prudential Financial Inc. now owns 344,043 shares of the company’s stock worth $3,777,000 after purchasing an additional 72,753 shares during the period. 57.72% of the stock is currently owned by hedge funds and other institutional investors.

XAN opened at $10.82 on Friday. Exantas Capital Corp has a twelve month low of $8.51 and a twelve month high of $12.09. The company has a current ratio of 90.57, a quick ratio of 90.57 and a debt-to-equity ratio of 2.54. The firm has a market capitalization of $342.25 million, a price-to-earnings ratio of -12.58 and a beta of 0.73.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Friday, September 28th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.55%. This is a positive change from Exantas Capital’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, September 27th. Exantas Capital’s dividend payout ratio (DPR) is presently -69.77%.

Several equities research analysts have weighed in on XAN shares. Zacks Investment Research upgraded shares of Exantas Capital from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Friday, November 2nd. BTIG Research started coverage on shares of Exantas Capital in a report on Monday, October 8th. They issued a “buy” rating and a $13.00 target price on the stock. JMP Securities increased their target price on shares of Exantas Capital from $12.00 to $12.50 and gave the stock a “market outperform” rating in a report on Thursday, August 9th. Finally, Raymond James started coverage on shares of Exantas Capital in a report on Monday, July 30th. They issued an “outperform” rating and a $12.00 target price on the stock. Five investment analysts have rated the stock with a buy rating, Exantas Capital currently has an average rating of “Buy” and an average price target of $12.63.

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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, 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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Institutional Ownership by Quarter for Exantas Capital (NYSE:XAN)

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