Excel Trust Inc. Plans Quarterly Dividend of $0.18 (EXL)
Excel Trust (NYSE:EXL) announced a quarterly dividend on Thursday, May 1st, ARN reports. Stockholders of record on Monday, June 30th will be paid a dividend of 0.175 per share on Tuesday, July 15th. This represents a $0.70 annualized dividend and a dividend yield of 5.53%. The ex-dividend date is Thursday, June 26th.
On a related note, analysts at Barclays raised their price target on shares of Excel Trust from $12.00 to $13.00 in a research note on Tuesday, April 22nd. They now have an “equal weight” rating on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $13.38.
Excel Trust (NYSE:EXL) traded up 0.32% on Thursday, hitting $12.66. 291,707 shares of the company’s stock traded hands. Excel Trust has a one year low of $10.96 and a one year high of $15.38. The stock has a 50-day moving average of $12.55 and a 200-day moving average of $11.99. The company has a market cap of $606.6 million and a P/E ratio of 72.95.
Excel Trust (NYSE:EXL) last released its earnings data on Wednesday, April 30th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The company had revenue of $30.60 million for the quarter, compared to the consensus estimate of $30.94 million. On average, analysts predict that Excel Trust will post $0.96 earnings per share for the current fiscal year.
Excel Trust, Inc is a vertically integrated, self-administered, self-managed real estate investment trust (NYSE:EXL).
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