Excel Trust Downgraded to “Underperform” at Zacks (EXL)
Excel Trust (NYSE:EXL) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Monday. They currently have a $12.30 price target on the stock. Zacks‘s price target would suggest a potential downside of 5.09% from the company’s current price.
Separately, analysts at Barclays raised their price target on shares of Excel Trust from $12.00 to $13.00 in a research note on Tuesday, April 22nd. They now have an “equal weight” rating on the stock. Three research analysts have rated the stock with a sell rating, three have given 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 price target of $13.16.
Shares of Excel Trust (NYSE:EXL) traded up 0.69% during mid-day trading on Monday, hitting $13.05. 307,229 shares of the company’s stock traded hands. Excel Trust has a 1-year low of $10.96 and a 1-year high of $14.09. The stock’s 50-day moving average is $13.26 and its 200-day moving average is $12.39. The company has a market cap of $632.3 million and a P/E ratio of 61.42.
Excel Trust (NYSE:EXL) last announced its earnings results on Wednesday, April 30th. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.01. The company had revenue of $30.60 million for the quarter, compared to the consensus estimate of $30.94 million. On average, analysts predict that Excel Trust will post $0.85 earnings per share for the current fiscal year.
In other Excel Trust news, Director Robert E. Parsons, Jr. bought 3,800 shares of Excel Trust stock on the open market in a transaction that occurred on Wednesday, June 25th. The shares were purchased at an average price of $13.19 per share, for a total transaction of $50,122.00. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Excel Trust, Inc is a vertically integrated, self-administered, self-managed real estate investment trust (NYSE:EXL).
To view Zacks’ full report, visit Zacks’ official website.
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.