CreXus Investment Stock Falls On Unusually High Volume (CXS)
NEW YORK (TheStreet) -- CreXus Investment (NYSE:CXS) is trading at unusually high volume Wednesday with 1.6 million shares changing hands. It is currently at four times its average daily volume and trading down 65 cents (-5.8%) at $10.58 as of 12:50 p.m. ET. CreXus Investment has a market cap of $845.9 million and is part of the financial sector and real estate industry. Shares are up 8.2% year to date as of the close of trading on Tuesday. Crexus Investment Corp. operates as a specialty finance company in the United States. It acquires, manages, and finances commercial mortgage loans and commercial real estate debts, commercial mortgage-backed securities, and other commercial real estate-related assets. The company has a P/E ratio of 6.5, below the average real estate industry P/E ratio of 8.6 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates CreXus Investment as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full CreXus Investment Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.
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