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American Realty Capital Properties (NASDAQ:ARCP) issued its quarterly earnings data on Thursday. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.03, Analyst Ratings Network reports. The company had revenue of $320.60 million for the quarter, compared to the consensus estimate of $277.97 million.

Shares of American Realty Capital Properties (NASDAQ:ARCP) traded down 0.23% during mid-day trading on Thursday, hitting $12.90. 606,066 shares of the company’s stock traded hands. American Realty Capital Properties has a 52 week low of $12.13 and a 52 week high of $18.05. The stock’s 50-day moving average is $13.49 and its 200-day moving average is $13.4. The company’s market cap is $2.598 billion.

The company also recently declared a monthly dividend, which is scheduled for Thursday, May 15th. Shareholders of record on Thursday, May 8th will be given a dividend of $0.0833 per share. This represents a $1.00 dividend on an annualized basis and a yield of 7.73%. The ex-dividend date of this dividend is Tuesday, May 6th.

ARCP has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus initiated coverage on shares of American Realty Capital Properties in a research note on Wednesday, April 9th. They set a “hold” rating on the stock. On the ratings front, analysts at TheStreet downgraded shares of American Realty Capital Properties from a “hold” rating to a “sell” rating in a research note on Monday, March 17th. Finally, analysts at Ladenburg Thalmann downgraded shares of American Realty Capital Properties from a “buy” rating to a “neutral” rating in a research note on Monday, March 17th. They now have a $16.00 price target on the stock. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.10.

American Realty Capital Properties, Inc is a real estate investment trust (NASDAQ:ARCP).

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