Crexus Investment (CXS) Declares Quarterly Dividend of $0.25
Crexus Investment (NYSE:CXS) declared a quarterly dividend on Thursday, March 14th. Shareholders of record on Friday, March 29th will be given a dividend of $0.25 per share on Thursday, April 25th. This represents a $1.00 dividend on an annualized basis and a yield of 7.49%. The ex-dividend date of this dividend is Wednesday, March 27th.
A number of analysts have recently weighed in on CXS shares. Analysts at FBR Capital raised their price target on shares of Crexus Investment from $12.50 to $13.00 in a research note to investors on Monday, March 4th. They now have a “market perform” rating on the stock. On the ratings front, analysts at RBC Capital downgraded shares of Crexus Investment from an “outperform” rating to a “sector perform” rating in a research note to investors on Friday, February 22nd. They now have a $13.00 price target on the stock. Finally, analysts at Credit Suisse downgraded shares of Crexus Investment from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, January 31st.
Shares of Crexus Investment (NYSE: CXS) remained flat at $13.35 during during mid-day trading trading on Thursday. Crexus Investment has a one year low of $9.48 and a one year high of $13.36. The stock’s 50-day moving average is currently $13.18. The company has a market cap of $1.023 billion and a P/E ratio of 14.40.
Crexus Investment (NYSE: CXS) last posted its quarterly earnings results on Tuesday, February 19th. The company reported $0.23 earnings per share (EPS) for the quarter.
Crexus Investment Corp. is a specialty finance company that acquires, manages, and finances, directly or through its subsidiaries, commercial mortgage loans and other commercial real estate debt, commercial mortgage-backed securities (CMBS), and other commercial real estate-related assets.
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