CreXus Investment Stock To Go Ex-dividend Tomorrow (CXS)

NEW YORK ( TheStreet) -- The ex-dividend date for CreXus Investment (NYSE: CXS) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $10.67 as of 9:30 a.m. ET, the dividend yield is 10.3%.

The average volume for CreXus Investment has been 408,700 shares per day over the past 30 days. CreXus Investment has a market cap of $845.9 million and is part of the financial sector and real estate industry. Shares are up 2% year to date as of the close of trading on Monday.

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 6.1, 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.

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