Rouse Properties Coverage Initiated at RBC Capital (RSE)
Equities research analysts at RBC Capital began coverage on shares of Rouse Properties (NYSE:RSE) in a research note issued to investors on Friday. The firm set an “outperform” rating and a $19.00 price target on the stock. RBC Capital’s price target indicates a potential upside of 17.36% from the stock’s previous close.
Shares of Rouse Properties (NYSE:RSE) opened at 16.19 on Friday. Rouse Properties has a 52-week low of $15.72 and a 52-week high of $25.26. The stock’s 50-day moving average is $16.60 and its 200-day moving average is $18.64. The company’s market cap is $931.3 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. Shareholders 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.
A number of other firms have also recently commented on RSE. 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. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $19.00.
In other Rouse Properties news, COO Benjamin Schall purchased 3,134 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The shares were purchased at an average cost of $15.95 per share, for a total transaction of $49,987.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
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.