American Realty Capital Declares Jun 13 Dividend of $0.08 (ARCP)

American Realty Capital (NASDAQ:ARCP) announced a jun 13 dividend on Thursday, May 30th, StockRatingsNetwork.com reports. Shareholders of record on Saturday, June 8th will be paid a dividend of $0.0758 per share on Saturday, June 15th.

ARCP has been the subject of a number of recent research reports. Analysts at JMP Securities raised their price target on shares of American Realty Capital from $18.00 to $20.00 in a research note to investors on Thursday, May 16th. They now have a “market outperform” rating on the stock. On the ratings front, analysts at Zacks upgraded shares of American Realty Capital from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, May 14th. They now have a $18.00 price target on the stock. Finally, 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.

Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $17.38.

American Realty Capital (NASDAQ: ARCP) opened at 15.77 on Friday. 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 $2.428 billion.

American Realty Capital (NASDAQ: ARCP) last announced its earnings results on Monday, May 6th. The company reported ($0.90) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.17 by $1.07. During the same quarter in the prior year, the company posted $0.21 earnings per share. Analysts expect that American Realty Capital will post $0.94 EPS for the current fiscal year.

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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