American Realty Capital Announces Monthly Dividend of $0.08 (ARCP)
American Realty Capital (NASDAQ:ARCP) announced a monthly dividend on Thursday, October 31st, StockRatingsNetwork.com reports. Investors of record on Friday, November 8th will be paid a dividend of $0.0758 per share on Friday, November 15th. This represents a $0.91 annualized dividend and a dividend yield of 6.86%. The ex-dividend date is Wednesday, November 6th.
A number of analysts have recently weighed in on ARCP shares. Analysts at BMO Capital Markets upgraded shares of American Realty Capital from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, October 24th. They now have a $16.00 price target on the stock, up previously from $13.00. On the ratings front, analysts at Langenberg & Company upgraded shares of American Realty Capital to a “buy” rating in a research note to investors on Wednesday, October 23rd. Finally, 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, October 23rd. They now have a $16.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $15.88.
Shares of American Realty Capital (NASDAQ:ARCP) traded up 0.15% on Thursday, hitting $13.27. 4,806,315 shares of the company’s stock traded hands. American Realty Capital has a 52-week low of $11.42 and a 52-week high of $18.05. The stock has a 50-day moving average of $12.77 and a 200-day moving average of $14.46. The company’s market cap is $2.449 billion.
American Realty Capital (NASDAQ:ARCP) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that American Realty Capital will post $0.77 EPS 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.