Inland Real Estate Corp. Declares Nov 13 Dividend of $0.05 (IRC)
Inland Real Estate Corp. (NYSE:IRC) announced a nov 13 dividend on Thursday, October 17th, American Banking News reports. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.0475 per share on Monday, November 18th.
On the ratings front, analysts at Janney Montgomery Scott initiated coverage on shares of Inland Real Estate Corp. in a research note to investors on Tuesday, September 10th. They set a “neutral” rating on the stock.
Inland Real Estate Corp. (NYSE:IRC) traded up 1.52% during mid-day trading on Thursday, hitting $10.66. 529,529 shares of the company’s stock traded hands. Inland Real Estate Corp. has a 52 week low of $6.05 and a 52 week high of $12.05. The stock has a 50-day moving average of $10.10 and a 200-day moving average of $10.47. The company has a market cap of $1.062 billion and a P/E ratio of 8.38.
Inland Real Estate Corp. (NYSE:IRC) last released its earnings data on Thursday, August 8th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.06. The company had revenue of $42.90 million for the quarter, compared to the consensus estimate of $38.88 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts predict that Inland Real Estate Corp. will post $0.92 earnings per share for the current fiscal year.
Inland Real Estate Corporation is a self-managed, real estate investment trust (NYSE:IRC).
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