Excel Trust CEO Gary B. Sabin Purchases 2,000 Shares (EXL)
Excel Trust (NYSE:EXL) CEO Gary B. Sabin purchased 2,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 28th. The stock was purchased at an average cost of $12.76 per share, for a total transaction of $25,520.00. Following the completion of the acquisition, the chief executive officer now directly owns 453,054 shares in the company, valued at approximately $5,780,969. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Excel Trust (NYSE:EXL) traded up 0.54% during mid-day trading on Tuesday, hitting $13.01. 161,482 shares of the company’s stock traded hands. Excel Trust has a 52-week low of $10.96 and a 52-week high of $13.94. The stock has a 50-day moving average of $12.93 and a 200-day moving average of $12.83. The company has a market cap of $795.1 million and a price-to-earnings ratio of 72.70.
Excel Trust (NYSE:EXL) last released its earnings data on Wednesday, July 30th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.04. The company had revenue of $30.60 million for the quarter, compared to the consensus estimate of $30.89 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. On average, analysts predict that Excel Trust will post $0.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 5.41%. The ex-dividend date is Friday, September 26th.
Separately, analysts at Zacks upgraded shares of Excel Trust from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 7th. They now have a $13.10 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Excel Trust presently has an average rating of “Hold” and a consensus target price of $13.40.
Excel Trust, Inc is a vertically integrated, self-administered, self-managed real estate investment trust (NYSE:EXL).