American Realty Capital (ARCP) Declares Monthly Dividend of $0.08
American Realty Capital (NASDAQ:ARCP) declared a monthly dividend on Monday, February 10th, American Banking News.com reports. Shareholders of record on Friday, February 7th will be given a dividend of 0.0833 per share on Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a yield of 7.27%. The ex-dividend date of this dividend is Wednesday, February 5th. This is a positive change from American Realty Capital’s previous monthly dividend of $0.08.
On the ratings front, analysts at Capital One Financial Corp. initiated coverage on shares of American Realty Capital in a research note to investors on Tuesday, December 17th. They set an “add” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. American Realty Capital currently has a consensus rating of “Hold” and a consensus price target of $15.88.
American Realty Capital (NASDAQ:ARCP) traded down 1.64% on Monday, hitting $13.76. 29,494,044 shares of the company’s stock traded hands. American Realty Capital has a 52-week low of $12.13 and a 52-week high of $18.05. The stock has a 50-day moving average of $13.35 and a 200-day moving average of $13.16. The company’s market cap is $2.543 billion.
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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