Manhattan Bridge Capital (LOAN) to Release Quarterly Earnings on Monday

Manhattan Bridge Capital (NASDAQ:LOAN) is expected to issue its quarterly earnings data before the market opens on Monday, March 10th. Analysts expect the company to announce earnings of $0.12 per share for the quarter.

Manhattan Bridge Capital Trading Down 1.2 %

Shares of LOAN stock opened at $5.55 on Friday. The firm has a market capitalization of $63.49 million, a PE ratio of 11.33 and a beta of 0.55. The firm has a fifty day simple moving average of $5.60 and a two-hundred day simple moving average of $5.47. Manhattan Bridge Capital has a 12 month low of $4.62 and a 12 month high of $5.90.

Manhattan Bridge Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.115 per share. The ex-dividend date is Tuesday, April 8th. This represents a $0.46 annualized dividend and a dividend yield of 8.29%. Manhattan Bridge Capital’s payout ratio is presently 93.88%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Manhattan Bridge Capital in a report on Friday. They set a “strong-buy” rating for the company.

About Manhattan Bridge Capital

Manhattan Bridge Capital, Inc, a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. The company offers short-term, secured, and non-banking loans to real estate investors to fund acquisition, renovation, rehabilitation, or development of residential or commercial properties.