American Realty Capital Upgraded to “Buy” by Langenberg & Company (ARCP)
American Realty Capital (NASDAQ:ARCP) was upgraded by stock analysts at Langenberg & Company to a “buy” rating in a report issued on Wednesday, ARN reports.
ARCP has been the subject of a number of other recent research reports. Analysts at Ladenburg Thalmann upgraded shares of American Realty Capital from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $16.00 price target on the stock. Separately, analysts at Zacks upgraded shares of American Realty Capital from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, October 18th. They now have a $13.50 price target on the stock. Finally, analysts at BMO Capital Markets initiated coverage on shares of American Realty Capital in a research note to investors on Wednesday, September 11th. They set a “market perform” rating and a $13.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $15.13.
Shares of American Realty Capital (NASDAQ:ARCP) traded down 1.50% on Wednesday, hitting $13.15. 39,235,608 shares of the company’s stock traded hands. American Realty Capital has a 1-year low of $11.42 and a 1-year high of $18.05. The stock’s 50-day moving average is $13.41 and its 200-day moving average is $14.84. The company’s market cap is $2.427 billion.
American Realty Capital (NASDAQ:ARCP) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The company had revenue of $45.00 million for the quarter, compared to the consensus estimate of $41.24 million. On average, analysts predict that American Realty Capital will post $0.88 earnings per share for the current fiscal year.
American Realty Capital Properties, Inc has been formed to own and acquire single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other credit worthy tenants.
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