American Residential Properties (ARPI) Posts Quarterly Earnings, Beats Expectations By $0.01 EPS
American Residential Properties (NASDAQ:ARPI) released its earnings data on Thursday. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.01, AR Network reports.
On the ratings front, analysts at Zacks upgraded shares of American Residential Properties from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 22nd. They now have a $19.90 price target on the stock.
Shares of American Residential Properties (NASDAQ:ARPI) opened at 18.41 on Thursday. American Residential Properties has a one year low of $16.21 and a one year high of $19.52. The stock’s 50-day moving average is $18.49 and its 200-day moving average is $18.2. The company’s market cap is $592.3 million.
American Residential Properties, Inc is a fully integrated and internally managed real estate investment company, which is organized as a real estate investment trust.
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