Insider Buying: Rouse Properties COO Acquires 3,134 Shares of Stock (RSE)
Rouse Properties (NYSE:RSE) COO Benjamin Schall acquired 3,134 shares of the stock on the open market in a transaction dated Wednesday, June 4th. The stock was purchased at an average cost of $15.95 per share, with a total value of $49,987.30. Following the completion of the purchase, the chief operating officer now directly owns 145,013 shares in the company, valued at approximately $2,312,957. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
RSE has been the subject of a number of recent research reports. Analysts at KeyCorp initiated coverage on shares of Rouse Properties in a research note on Monday, April 14th. They set a “hold” rating on the stock. Separately, analysts at Stifel Nicolaus initiated coverage on shares of Rouse Properties in a research note on Tuesday, April 1st. They set a “hold” rating on the stock. Finally, analysts at MLV & Co
initiated coverage on shares of Rouse Properties in a research note on Tuesday, March 25th. They set a “hold” rating and a $19.00 price target on the stock.
Shares of Rouse Properties (NYSE:RSE) traded down 0.93% during mid-day trading on Wednesday, hitting $15.95. The stock had a trading volume of 170,735 shares. Rouse Properties has a 52-week low of $15.72 and a 52-week high of $25.26. The stock has a 50-day moving average of $16.62 and a 200-day moving average of $18.66. The company’s market cap is $917.5 million.
Rouse Properties (NYSE:RSE) last released its earnings data on Monday, May 5th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.01. Analysts expect that Rouse Properties will post $1.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Investors of record on Tuesday, July 15th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend is Friday, July 11th.
Rouse Properties, Inc (NYSE:RSE) is a real estate investment trust (REIT) company.
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