American Realty Capital Rating Increased to Neutral at Zacks (ARCP)
Zacks upgraded shares of American Realty Capital (NASDAQ: ARCP) from an underperform rating to a neutral rating in a research note issued to investors on Tuesday, ARN reports. The firm currently has $18.00 target price on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet upgraded shares of American Realty Capital from a sell rating to a hold rating in a research note to investors on Friday, May 10th. Separately, analysts at Ladenburg Thalmann raised their price target on shares of American Realty Capital from $16.00 to $18.50 in a research note to investors on Wednesday, May 8th. Finally, analysts at JMP Securities raised their price target on shares of American Realty Capital from $16.00 to $18.00 in a research note to investors on Friday, April 12th.
Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. American Realty Capital has an average rating of Buy and a consensus price target of $17.38.
American Realty Capital (NASDAQ: ARCP) traded down 0.62% on Tuesday, hitting $17.57. American Realty Capital has a 52-week low of $9.77 and a 52-week high of $16.66. The stock’s 50-day moving average is currently $14.9. The company’s market cap is $192.5 million.
The company also recently announced a monthly dividend, which is scheduled for Saturday, June 15th. Stockholders of record on Saturday, June 8th will be paid a dividend of $0.08 per share. This represents a $0.91 annualized dividend and a dividend yield of 5.18%. The ex-dividend date is Wednesday, June 5th. This is a boost from American Realty Capital’s previous monthly dividend of $0.08.
American Realty Capital Properties, Inc. has been formed to own and acquire single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other credit worthy tenants.
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