Excel Trust Plans Quarterly Dividend of $0.17 (EXL)
Excel Trust (NYSE:EXL) declared a quarterly dividend on Wednesday, February 27th. Investors of record on Friday, March 29th will be given a dividend of $0.17 per share on Monday, April 15th. This represents a $0.68 dividend on an annualized basis and a yield of 5.50%.
Several analysts have also recently commented on the stock. Analysts at KeyBanc downgraded shares of Excel Trust from a “buy” rating to a “hold” rating in a research note to investors on Thursday, January 10th.
Shares of Excel Trust (EXL) traded up 2.02% during mid-day trading on Wednesday, hitting $12.62. Excel Trust (EXL) has a 52 week low of $10.88 and a 52 week high of $13.19. The stock’s 50-day moving average is currently $12.56. The company’s market cap is $564.1 million.
Excel Trust last released its earnings data on Wednesday, February 27th. The company reported $0.20 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.20. The company had revenue of $25.08 million for the quarter, compared to the consensus estimate of $24.37 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 51.3% on a year-over-year basis. Excel Trust has set its FY13 guidance at $0.80-0.88 EPS. On average, analysts predict that Excel Trust (EXL) will post $0.75 earnings per share for the current fiscal year.
Excel Trust, Inc. (Excel Trust) is a vertically integrated, self-administered, self-managed real estate firm.
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