Rouse Properties Sets New 1-Year Low at $15.65 (RSE)
Shares of Rouse Properties (NYSE:RSE) reached a new 52-week low during mid-day trading on Friday , American Banking News reports. The company traded as low as $15.65 and last traded at $15.95, with a volume of 50,981 shares changing hands. The stock had previously closed at $15.93.
RSE has been the subject of a number of recent research reports. Analysts at RBC Capital initiated coverage on shares of Rouse Properties in a research note on Friday, June 6th. 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Rouse Properties currently has a consensus rating of “Hold” and an average price target of $19.00.
The stock’s 50-day moving average is $16.53 and its 200-day moving average is $18.42. The company’s market cap is $921.5 million.
Rouse Properties (NYSE:RSE) last posted its quarterly earnings results 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 announced a quarterly dividend, which is scheduled for Thursday, July 31st. Stockholders 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 4.27%. The ex-dividend date is Friday, July 11th.
In other Rouse Properties news, COO Benjamin Schall acquired 3,134 shares of the stock on the open market 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 is available at 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.