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. The Company’s objective is to provide risk-adjusted returns to its investors over the long-term, primarily through dividends and capital appreciation. The Company is externally managed by Fixed Income Discount Advisory Company (FIDAC). FIDAC is a wholly-owned subsidiary of Annaly Capital Management, Inc. The Company focuses on acquiring assets that include Commercial Real Estate Loans, Commercial Mortgage-Backed Securities (CMBS), Other Commercial Real Estate Assets and Agency RMBS.
Crexus Investment Corp: NYSE:CXS quotes & news - Google Finance
Current stock price: $11.40
52-wk range: 11.30 - 13.89
Dividend Yield: 7.57%
I'm looking at this as a bottom play, trading near it's 52 wk low (set today). An offer to buy from STWD is on the table....one report said it was turned down, but then that article was removed....not sure without some more DD.