American Realty Capital Properties Short Interest Down 34.6% in August (ARCP)
Shares of American Realty Capital Properties (NASDAQ:ARCP) were the target of a significant decline in short interest in August. As of August 15th, there was short interest totalling 24,331,211 shares, a decline of 34.6% from the July 31st total of 37,182,151 shares, American Banking News reports. Approximately 2.7% of the shares of the company are sold short. Based on an average daily volume of 7,961,985 shares, the short-interest ratio is presently 3.1 days.
A number of research firms have recently commented on ARCP. Analysts at Zacks upgraded shares of American Realty Capital Properties from an “underperform” rating to a “neutral” rating in a research note on Monday, July 28th. They now have a $13.20 price target on the stock. Separately, analysts at Oppenheimer initiated coverage on shares of American Realty Capital Properties in a research note on Tuesday, July 22nd. They set a “market perform” rating on the stock. Finally, analysts at JMP Securities reiterated a “buy” rating on shares of American Realty Capital Properties in a research note on Wednesday, June 11th. They now have a $15.50 price target on the stock, up previously from $15.25. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $15.14.
American Realty Capital Properties (NASDAQ:ARCP) opened at 13.16 on Tuesday. American Realty Capital Properties has a 52 week low of $11.76 and a 52 week high of $14.96. The stock has a 50-day moving average of $13.03 and a 200-day moving average of $13.21. The company’s market cap is $11.874 billion.
American Realty Capital Properties (NASDAQ:ARCP) last released its earnings data on Tuesday, July 29th. 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 $382.00 million for the quarter, compared to the consensus estimate of $311.90 million. Analysts expect that American Realty Capital Properties will post $1.09 EPS for the current fiscal year.
The company also recently announced a sep 14 dividend, which is scheduled for Monday, September 15th. Shareholders of record on Monday, September 8th will be paid a dividend of $0.0833 per share. This represents a dividend yield of 7.52%. The ex-dividend date is Thursday, September 4th.
American Realty Capital Properties, Inc, is a real estate investment trust (NASDAQ:ARCP).
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.