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Associated Estates Realty Co. (NYSE:AEC) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.26-1.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.28, AnalystRatings.Net reports.

Shares of Associated Estates Realty Co. (NYSE:AEC) traded up 0.33% on Tuesday, hitting $18.00. 350,696 shares of the company’s stock traded hands. Associated Estates Realty Co. has a one year low of $13.10 and a one year high of $18.81. The stock’s 50-day moving average is $17.9 and its 200-day moving average is $17.16. The company has a market cap of $1.036 billion and a P/E ratio of 10.35.

Associated Estates Realty (NYSE:AEC) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.01. The company had revenue of $47.90 million for the quarter, compared to the consensus estimate of $48.90 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 10.1% on a year-over-year basis. On average, analysts predict that Associated Estates Realty Co. will post $1.28 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on AEC shares. Analysts at Jefferies Group raised their price target on shares of Associated Estates Realty from $17.00 to $18.00 in a research note on Tuesday, July 22nd. On a related note, analysts at Citigroup Inc. downgraded shares of Associated Estates Realty from a neutral rating to a sell rating in a research note on Thursday, June 12th. They now have a $16.00 price target on the stock. Finally, 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. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $18.22.

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

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