Insider Buying: Excel Trust CEO Buys 1,000 Shares of Stock (EXL)
Excel Trust (NYSE:EXL) CEO Gary B. Sabin bought 1,000 shares of the stock on the open market in a transaction dated Tuesday, September 2nd. The shares were purchased at an average cost of $12.94 per share, for a total transaction of $12,940.00. Following the transaction, the chief executive officer now directly owns 454,054 shares in the company, valued at approximately $5,875,459. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Excel Trust (NYSE:EXL) traded down 1.16% during mid-day trading on Thursday, hitting $12.75. The stock had a trading volume of 427,002 shares. 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 $12.92 and a 200-day moving average of $12.86. The company has a market cap of $779.2 million and a P/E ratio of 72.47.
Excel Trust (NYSE:EXL) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. Analysts expect that Excel Trust will post $0.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend 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 given a hold rating and one has given a buy rating to the company’s stock. The stock 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).
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