XAN - Exantas Capital: An Ignored High-Yield Stock With Growth Prospects
(Source)
Investment thesis
Investing in real estate investment trusts (REITs) is a popular strategy with income investors because of the attractive dividend yields of many of these stocks. However, over the last year or so, it was apparent that investors tend to flock to big names, leaving behind many attractive opportunities available with lesser-known names. Exantas Capital Corporation (XAN) falls into this category.
Exantas shares have gained 8.11% over the last 12 months, supported by strong financial performance and dividend hikes.
Data by YCharts
The company is on the right track