Manhattan Bridge Capital Inc. (LOAN) Given $6.60 Average Price Target by Brokerages

Shares of Manhattan Bridge Capital Inc. (NASDAQ:LOAN) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12 month consensus price objective of $6.60 for the company, according to Zacks. Zacks has also assigned Manhattan Bridge Capital an industry rank of 176 out of 265 based on the ratings given to related companies.

A number of equities analysts have recently commented on the company. Aegis reissued a “buy” rating on shares of Manhattan Bridge Capital in a report on Thursday, July 14th. Zacks Investment Research cut Manhattan Bridge Capital from a “buy” rating to a “hold” rating in a report on Friday, September 16th.

Shares of Manhattan Bridge Capital (NASDAQ:LOAN) opened at 7.46 on Monday. The firm has a market cap of $54.40 million, a price-to-earnings ratio of 20.78 and a beta of 0.23. The stock’s 50 day moving average price is $6.62 and its 200-day moving average price is $5.31. Manhattan Bridge Capital has a 52-week low of $3.80 and a 52-week high of $7.58.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Tuesday, October 11th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $0.40 dividend on an annualized basis and a yield of 5.36%. This is a positive change from Manhattan Bridge Capital’s previous quarterly dividend of $0.09. Manhattan Bridge Capital’s payout ratio is currently 108.11%.

Manhattan Bridge Capital Company Profile

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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