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NYSE:XFLT

XAI Octagon Floating Rate & Alternative Income Term Trust - XFLT Stock Forecast, Price & News

$7.26
+0.07 (+0.97%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$7.18
$7.26
50-Day Range
$6.75
$8.00
52-Week Range
$6.67
$9.72
Volume
176,103 shs
Average Volume
198,260 shs
Market Capitalization
N/A
P/E Ratio
N/A
Dividend Yield
0.10%
Price Target
$10.50

About XAI Octagon Floating Rate & Alternative Income Term Trust

XAI Octagon Floating Rate & Alternative Income Term Trust invests in a dynamically managed portfolio of floating-rate credit instruments and other structured credit investments within the private markets. Under normal market conditions, the Trust will invest at least 80% of managed assets in senior secured loans, CLO debt and CLO equity. The Trust seeks attractive total return with an emphasis on income generation across multiple stages of the credit cycle. There can be no assurance that the Trust will achieve its investment objective, and you could lose some or all of your investment.

XAI Octagon Floating Rate & Alternative Income Term Trust Stock Performance

XFLT Stock opened at $7.19 on Tuesday. The firm has a 50 day simple moving average of $7.20 and a 200 day simple moving average of $8.03. XAI Octagon Floating Rate & Alternative Income Term Trust has a 52 week low of $6.67 and a 52 week high of $9.72.

XAI Octagon Floating Rate & Alternative Income Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, September 1st. Investors of record on Tuesday, August 16th will be issued a dividend of $0.073 per share. This represents a $0.88 annualized dividend and a dividend yield of 12.18%. The ex-dividend date of this dividend is Monday, August 15th.

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XFLT Stock News Headlines

9% Yield, 25% Discount: HFRO Is A Strong Buy
Monthly Pay, Full Covered 12.5% Yield From XFLT
Monthly Pay, Full Covered 10.5% Yield From XFLT
See More Headlines
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XFLT Company Calendar

Ex-Dividend for 8/1 Dividend
7/14/2022
Dividend Payable
8/01/2022
Ex-Dividend for 9/1 Dividend
8/15/2022
Today
8/16/2022
Dividend Payable
9/01/2022

Industry, Sector and Symbol

Industry
Investment Trusts/Mutual Funds
Sub-Industry
N/A
Fax
N/A
Employees
147,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$10.50
High Stock Price Forecast
$10.50
Low Stock Price Forecast
$10.50
Forecasted Upside/Downside
+44.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A

Miscellaneous

Free Float
N/A
Optionable
Not Optionable
Beta
N/A














XFLT Stock - Frequently Asked Questions

Should I buy or sell XAI Octagon Floating Rate & Alternative Income Term Trust stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for XAI Octagon Floating Rate & Alternative Income Term Trust in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" XFLT shares.
View XFLT analyst ratings
or view top-rated stocks.

What is XAI Octagon Floating Rate & Alternative Income Term Trust's stock price forecast for 2022?

1 brokerages have issued 1 year price objectives for XAI Octagon Floating Rate & Alternative Income Term Trust's stock. Their XFLT share price forecasts range from $10.50 to $10.50. On average, they predict the company's share price to reach $10.50 in the next twelve months. This suggests a possible upside of 45.8% from the stock's current price.
View analysts price targets for XFLT
or view top-rated stocks among Wall Street analysts.

How have XFLT shares performed in 2022?

XAI Octagon Floating Rate & Alternative Income Term Trust's stock was trading at $8.92 at the start of the year. Since then, XFLT shares have decreased by 19.3% and is now trading at $7.20.
View the best growth stocks for 2022 here
.

Are investors shorting XAI Octagon Floating Rate & Alternative Income Term Trust?

XAI Octagon Floating Rate & Alternative Income Term Trust saw a decline in short interest in the month of July. As of July 15th, there was short interest totaling 55,700 shares, a decline of 16.1% from the June 30th total of 66,400 shares. Based on an average trading volume of 180,500 shares, the short-interest ratio is currently 0.3 days.
View XAI Octagon Floating Rate & Alternative Income Term Trust's Short Interest
.

How often does XAI Octagon Floating Rate & Alternative Income Term Trust pay dividends? What is the dividend yield for XAI Octagon Floating Rate & Alternative Income Term Trust?

XAI Octagon Floating Rate & Alternative Income Term Trust declared a monthly dividend on Wednesday, August 3rd. Stockholders of record on Tuesday, August 16th will be paid a dividend of $0.073 per share on Thursday, September 1st. This represents a $0.88 annualized dividend and a dividend yield of 12.17%. The ex-dividend date of this dividend is Monday, August 15th.
Read our dividend analysis for XFLT
.

Is XAI Octagon Floating Rate & Alternative Income Term Trust a good dividend stock?

XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE:XFLT) pays an annual dividend of $0.88 per share and currently has a dividend yield of 0.10%.
Read our dividend analysis for XFLT.

What other stocks do shareholders of XAI Octagon Floating Rate & Alternative Income Term Trust own?
What is XAI Octagon Floating Rate & Alternative Income Term Trust's stock symbol?

XAI Octagon Floating Rate & Alternative Income Term Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "XFLT."

Who are XAI Octagon Floating Rate & Alternative Income Term Trust's major shareholders?

XAI Octagon Floating Rate & Alternative Income Term Trust's stock is owned by many different institutional and retail investors. Top institutional investors include LPL Financial LLC (0.00%), Belpointe Asset Management LLC (0.00%), UBS Group AG (0.00%), Claybrook Capital LLC (0.00%), Bard Associates Inc. (0.00%) and Virtus ETF Advisers LLC (0.00%). Insiders that own company stock include Andrew David Gordon, Benjamin Mcculloch, John P Mcgarrity, John Yogi Spence, Philip G Franklin and Theodore J Brombach.
View institutional ownership trends
.

How do I buy shares of XAI Octagon Floating Rate & Alternative Income Term Trust?

Shares of XFLT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is XAI Octagon Floating Rate & Alternative Income Term Trust's stock price today?

One share of XFLT stock can currently be purchased for approximately $7.20.

How many employees does XAI Octagon Floating Rate & Alternative Income Term Trust have?

The company employs 147,000 workers across the globe.

How can I contact XAI Octagon Floating Rate & Alternative Income Term Trust?

XAI Octagon Floating Rate & Alternative Income Term Trust's mailing address is 321 North Clark Street #2430, Chicago, Illinois 60654. The official website for the company is www.xainvestments.com. The company can be reached via phone at 312-374-6930.

This page (NYSE:XFLT) was last updated on 8/16/2022 by MarketBeat.com Staff

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