American Realty Capital Plans Monthly Dividend of $0.07 (ARCP)
American Realty Capital (NASDAQ:ARCP) announced a monthly dividend on Tuesday, January 29th. Stockholders of record on Friday, February 8th will be paid a dividend of $0.07 per share on Friday, February 15th. This represents a $0.89 annualized dividend and a dividend yield of 6.65%. The ex-dividend date is Wednesday, February 6th.
Several analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of American Realty Capital from an “underperform” rating to a “neutral” rating in a research note to investors on Friday. They now have a $13.80 price target on the stock.
Two investment analysts have rated the stock with a buy rating, and one has issued an overweight rating to the stock. The company presently has a consensus rating of “buy” and an average price target of $14.33.
Shares of American Realty Capital (ARCP) traded down 0.07% during mid-day trading on Tuesday, hitting $13.49. American Realty Capital (ARCP) has a one year low of $9.77 and a one year high of $14.24. The stock’s 50-day moving average is currently $13.48. The company’s market cap is $147.6 million.
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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