“AmREIT, Inc.” (AMRE) Announces Quarterly Results
“AmREIT, Inc.” (NASDAQ:AMRE) issued its quarterly earnings data on Tuesday. The company reported $0.06 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.06, StockRatingsNetwork reports. The company had revenue of $12.74 million for the quarter, compared to the consensus estimate of $11.47 million.
Shares of “AmREIT, Inc.” (NASDAQ:AMRE) traded up 1.04% on Tuesday, hitting $16.47. 50,764 shares of the company’s stock traded hands. “AmREIT, Inc.” has a 52-week low of $14.97 and a 52-week high of $19.97. The stock has a 50-day moving average of $16.46 and a 200-day moving average of $16.7. The company has a market cap of $323.3 million and a price-to-earnings ratio of 19.47.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Friday, June 20th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.86%.
A number of analysts have recently weighed in on AMRE shares. Analysts at MLV & Co
initiated coverage on shares of “AmREIT, Inc.” in a research note on Monday. They set a “buy” rating and a $21.00 price target on the stock. On a related note, analysts at Jefferies Group downgraded shares of “AmREIT, Inc.” from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. They now have a $18.00 price target on the stock. Finally, analysts at Zacks downgraded shares of “AmREIT, Inc.” from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 20th. They now have a $18.80 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. “AmREIT, Inc.” currently has a consensus rating of “Hold” and a consensus target price of $18.95.
AmREIT, Inc (NASDAQ:AMRE) is a full-service, vertically integrated and self-administered real estate investment trust (REIT), which owns, operates, acquires and selectively develops and redevelops neighborhood and community shopping centers, which it refers to as Irreplaceable Corners.
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