FBR Capital Maintains a 'Market Perform' on CreXus Investment (CXS); On the Clock: Barclays Reconstruction Begins Now

FBR Capital maintains a 'Market Perform' on CreXus Investment Corp. (NYSE: CXS), PT $12.

FBR analyst says, "At this juncture, we do not believe shares warrant trading at a significant premium to last reported book value of $11.84 until 1) the dividend ramps higher which, in our opinion, could take considerable time as CXS restructures the aforementioned portfolio, and 2) management evidences additional growth beyond this singular, and sizeable, acquisition. A forward plan is necessary in that CXS, since it IPO, has been very conservative in its capital allocation."

For more ratings news on CreXus Investment Corp. click here and for the rating history of CreXus Investment Corp. click here.

Shares of CreXus Investment Corp. closed at $11.48 yesterday.

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