Insider Buying: Benjamin Schall Acquires 3,134 Shares of Rouse Properties Stock (RSE)
Rouse Properties (NYSE:RSE) COO Benjamin Schall bought 3,134 shares of Rouse Properties stock on the open market in a transaction that occurred on Wednesday, June 4th. The stock was purchased at an average cost of $15.95 per share, for a total transaction of $49,987.30. Following the purchase, the chief operating officer now directly owns 145,013 shares in the company, valued at approximately $2,312,957. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on RSE shares. Analysts at RBC Capital initiated coverage on shares of Rouse Properties in a research note on Friday. They set an “outperform” rating and a $19.00 price target on the stock. Separately, 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. Finally, 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. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Rouse Properties presently has a consensus rating of “Hold” and a consensus price target of $19.00.
Rouse Properties (NYSE:RSE) traded up 3.77% during mid-day trading on Friday, hitting $16.80. 156,396 shares of the company’s stock traded hands. 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 $16.60 and a 200-day moving average of $18.64. The company’s market cap is $966.4 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 4.20%. The ex-dividend date of this dividend is Friday, July 11th.
Rouse Properties, Inc (NYSE:RSE) is a real estate investment trust (REIT) company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.