Regal Lifestyle Communities (RLC) Posts Quarterly Earnings, Misses Expectations By $0.02 EPS
Regal Lifestyle Communities (TSE:RLC) posted its quarterly earnings results on Thursday. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.20 by $0.02, Analyst Ratings Net reports.
RLC has been the subject of a number of recent research reports. Analysts at TD Securities upgraded shares of Regal Lifestyle Communities from a “hold” rating to a “buy” rating in a research note on Tuesday, June 10th. They now have a C$9.50 price target on the stock, up previously from C$8.50. Analysts at Dundee Securities raised their price target on shares of Regal Lifestyle Communities from C$8.50 to C$8.75 in a research note on Monday, June 9th. They now have a “neutral” rating on the stock.
Shares of Regal Lifestyle Communities (TSE:RLC) opened at 8.69 on Thursday. Regal Lifestyle Communities has a 52-week low of $6.98 and a 52-week high of $8.79. The stock’s 50-day moving average is $8.23 and its 200-day moving average is $7.87. The company’s market cap is $180.3 million.
The company also recently announced a jul 14 dividend, which is scheduled for Friday, August 15th. Shareholders of record on Thursday, July 31st will be paid a dividend of $0.0583 per share. This represents a dividend yield of 8.84%. The ex-dividend date is Tuesday, July 29th.
Regal Lifestyle Communities Inc (TSE:RLC) is formed to carry out the offering and to acquire a portfolio consisting of income-producing retirement communities offering primarily independent serviced living (ISL) and assisted living (AL) programs.
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