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Associated Estates Realty (NYSE:AEC) announced a quarterly dividend on Monday, June 9th, American Banking News reports. Shareholders of record on Tuesday, July 15th will be paid a dividend of 0.19 per share on Friday, August 1st. This represents a $0.76 annualized dividend and a dividend yield of 4.23%.

AEC has been the subject of a number of recent research reports. Analysts at MLV & Co
raised their price target on shares of Associated Estates Realty from $19.00 to $21.00 in a research note on Friday, May 2nd. They now have a “buy” rating on the stock. On the ratings front, analysts at Compass Point reiterated a “buy” rating on shares of Associated Estates Realty in a research note on Thursday, May 1st. They now have a $18.50 price target on the stock. Finally, analysts at Wunderlich initiated coverage on shares of Associated Estates Realty in a research note on Thursday, April 10th. They set a “buy” rating and a $20.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Associated Estates Realty presently has an average rating of “Hold” and an average price target of $18.26.

Shares of Associated Estates Realty (NYSE:AEC) traded down 2.18% during mid-day trading on Monday, hitting $17.96. The stock had a trading volume of 514,225 shares. Associated Estates Realty has a one year low of $13.10 and a one year high of $18.81. The stock has a 50-day moving average of $17.26 and a 200-day moving average of $16.65. The company has a market cap of $1.034 billion and a P/E ratio of 10.59.

Associated Estates Realty (NYSE:AEC) last released its earnings data on Tuesday, April 29th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.02. The company had revenue of $49.72 million for the quarter, compared to the consensus estimate of $49.19 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Analysts expect that Associated Estates Realty will post $1.28 EPS for the current fiscal year.

In other Associated Estates Realty news, SVP Jason A. Friedman sold 10,000 shares of Associated Estates Realty stock on the open market in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $18.23, for a total value of $182,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Associated Estates Realty Corporation (NYSE:AEC), is an integrated, self-administered and self-managed equity real estate investment trust (REIT).

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