Zacks: Manhattan Bridge Capital Inc. (NASDAQ:LOAN) Given $6.60 Consensus Price Target by Brokerages
Manhattan Bridge Capital Inc. (NASDAQ:LOAN) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus price target of $6.60 for the company, according to Zacks. Zacks has also given Manhattan Bridge Capital an industry rank of 79 out of 265 based on the ratings given to its competitors.
A number of analysts recently issued reports on LOAN shares. Zacks Investment Research upgraded shares of Manhattan Bridge Capital from a “hold” rating to a “buy” rating and set a $7.25 price objective for the company in a report on Tuesday, September 20th. Aegis restated a “buy” rating on shares of Manhattan Bridge Capital in a report on Thursday, July 14th.
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Shares of Manhattan Bridge Capital (NASDAQ:LOAN) traded up 1.26% during midday trading on Monday, reaching $7.21. 26,124 shares of the company’s stock traded hands. The firm has a market cap of $52.58 million, a PE ratio of 20.08 and a beta of 0.23. The company has a 50 day moving average of $6.50 and a 200 day moving average of $5.25. Manhattan Bridge Capital has a 52-week low of $3.80 and a 52-week high of $7.48.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Tuesday, October 11th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date is Thursday, October 6th. This is an increase from Manhattan Bridge Capital’s previous quarterly dividend of $0.09. Manhattan Bridge Capital’s dividend payout ratio (DPR) is 108.11%.
About Manhattan Bridge Capital
Manhattan Bridge Capital, Inc (MBC) is a real estate finance company that specializes in originating, servicing and managing a portfolio of first mortgage loans. The Company offers short-term, secured, non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area.
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