American Realty Capital Properties Rating Increased to Hold at TheStreet (ARCP)
American Realty Capital Properties (NASDAQ:ARCP) was upgraded by investment analysts at TheStreet from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, American Banking News.com reports.
The analysts wrote, “American Realty Capital Properties (ARCP) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself.”
A number of other firms have also recently commented on ARCP. 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. Separately, 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. Finally, analysts at Robert W. Baird initiated coverage on shares of American Realty Capital Properties in a research note on Monday, March 10th. They set an “outperform” rating and a $17.00 price target on the stock. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $16.10.
American Realty Capital Properties (NASDAQ:ARCP) traded down 0.75% on Wednesday, hitting $13.29. 7,222,236 shares of the company’s stock traded hands. American Realty Capital Properties has a 1-year low of $12.13 and a 1-year high of $18.05. The stock has a 50-day moving average of $13.40 and a 200-day moving average of $13.47. The company’s market cap is $10.232 billion.
American Realty Capital Properties (NASDAQ:ARCP) last announced its earnings results on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.03. The company had revenue of $320.60 million for the quarter, compared to the consensus estimate of $277.97 million. On average, analysts predict that American Realty Capital Properties will post $1.12 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which is scheduled for Thursday, May 15th. Stockholders of record on Thursday, May 8th will be paid a dividend of $0.0833 per share. This represents a $1.00 annualized dividend and a dividend yield of 7.52%. The ex-dividend date is Tuesday, May 6th.
American Realty Capital Properties, Inc is a real estate investment trust (NASDAQ:ARCP).
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