Rouse Properties Shares Gap Up on Insider Buying Activity (RSE)
Rouse Properties (NYSE:RSE) shares gapped up before the market opened on Thursday following insider buying activity, Analyst Ratings Net reports. The stock had previously closed at $15.92, but opened at $15.95. Rouse Properties shares last traded at $16.21, with a volume of 195,641 shares traded.
Specifically, COO Benjamin Schall acquired 3,134 shares of Rouse Properties stock in a transaction dated Wednesday, June 4th. The shares were purchased at an average price of $15.95 per share, for a total transaction of $49,987.30. The transaction was disclosed in a document filed 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.
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 $939.0 million.
Rouse Properties (NYSE:RSE) last announced its earnings results on Monday, May 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. On average, analysts predict that Rouse Properties will post $1.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Friday, July 11th.
Rouse Properties, Inc (NYSE:RSE) is a real estate investment trust (REIT) company.
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