Exantas Capital Corp. (XAN): Why analyst showing interest

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Exantas Capital Corp. (NYSE:XAN) changes shares on Friday trading session, with a change of -6.03% or -$0.17 shares. The trading starts at $2.84 and closed at $2.82 throughout the day. The trading session low price was $2.61 and day high was $2.88 on Friday, June 19. After the session, the Real Estate sector daily volume shifted to 2.76 million while its average volume is 2.18M. In other hand, the XAN market cap reached to $73.25M. While, its current target price is $2.65 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -13.11% and up 23.26% for month. Its quarterly performance was -20.42% below, while its half year performance is down -77.82%. XAN yearly performance stood at negative -76.28% and fall -77.56% for year-to-date. Current recommendation for Exantas Capital Corp. is 2.50.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. XAN EPS (TTM) for 12-month is -5.66. EPS for this year is 274.10%, while for the next year its value is 0.49. It has an EPS of -8.60% down for past five years and for the next five years will be up 5.00%.

Blackrock Inc., Vanguard Group, Inc. (The) and HBK Investments, L.P. are the top three holders in Exantas Capital Corp. (XAN) stock. On Mar 30, 2020, Blackrock Inc. has 3.15 million shares which valued 8.7 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 2.78 million shares which valued at 7.69 million. On Mar 30, 2020, HBK Investments, L.P. has a total of 1.57 million shares which valued at 4.32 million. In the end, HBK Investments, L.P. have 4.89% shares outstanding of Exantas Capital Corp. (XAN) on Mar 30, 2020. The insider ownership moved to 3.00% and institutional holding shifted to 70.10%.

The company posted an EPS (TTM) of -5.66. According to the most recent quarter report on (Jun 2020), 2 analysts estimated an average EPS of 0.18, while 0.28 EPS posted a year ago period. Analyst Estimated EPS for XAN published in the report was 0.06-0.3 during the same period. Comparing with last year, the average estimated EPS was 0.28 which is higher than 0.23 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for XAN fall -69.38% for period of 200 days. SMA for 50 days was 1.65% which is showing green signal, while SMA-20 was -1.58%. The moving average value for Exantas Capital Corp. (XAN) is 7.2847 and 2.5529 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in XAN stock. On Mar 12, BRYANT DAVID J, SVP, CFO & Treas., bought 4,200 trading shares at the cost of $17.96, which valued at 75448.0. On Mar 12, Stern Matthew J, President, bought 3,000 shares at the cost of $12.99, with total shares of 61,485. On Mar 12, Elliott Thomas C, Executive Vice President, bought 12,019 shares at the cost of 13.60. After this transaction, Elliott Thomas C total shares reached to 124,589 which valued at 0.16 million.