Excel Trust (EXL) Releases FY13 Earnings Guidance
Excel Trust (EXL) issued an update on its FY13 earnings guidance on Wednesday morning. The company provided EPS guidance of $0.80-0.88 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.84.
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 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.20. The company had revenue of $25.08 million for the quarter, compared to the consensus estimate of $25.54 million. During the same quarter last year, the company posted $0.16 earnings per share. Excel Trust’s revenue was up 51.3% compared to the same quarter last year. Excel Trust has set its FY13 guidance at $0.80-0.88 EPS. Analysts expect that Excel Trust (EXL) will post $0.75 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, April 15th. Investors of record on Friday, March 29th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.50%.
A number of analysts have recently weighed in on EXL shares. 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.
Excel Trust, Inc. (Excel Trust) is a vertically integrated, self-administered, self-managed real estate firm.
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