American Residential Properties Coverage Initiated at Susquehanna (ARPI)
Investment analysts at Susquehanna started coverage on shares of American Residential Properties (NASDAQ:ARPI) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $20.00 price target on the stock. Susquehanna’s price objective suggests a potential upside of 15.27% from the company’s current price.
American Residential Properties (NASDAQ:ARPI) traded up 1.44% during mid-day trading on Tuesday, hitting $17.60. 150,671 shares of the company’s stock traded hands. American Residential Properties has a 52-week low of $16.47 and a 52-week high of $21.05. The stock has a 50-day moving average of $17.34 and a 200-day moving average of $18.02. The company’s market cap is $565.4 million.
American Residential Properties (NASDAQ:ARPI) last released its earnings data on Tuesday, August 13th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.07. The company had revenue of $8.40 million for the quarter, compared to the consensus estimate of $7.40 million. On average, analysts predict that American Residential Properties will post $0.12 earnings per share for the current fiscal year.
American Residential Properties, Inc is a fully integrated and internally managed real estate investment company, which is organized as a real estate investment trust.
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