Investment analysts at Raymond James increased their target price on shares of Excel Trust (NYSE: EXL) from $13.00 to $14.00 in a note issued to investors on Monday. The firm currently has an “outperform” rating on the stock.
Excel Trust traded up 0.78% on Monday, hitting $12.84. Excel Trust 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 $12.55. The company’s market cap is $524.3 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 prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 51.3% on a year-over-year basis. Excel Trust has set its FY13 guidance at $0.80-0.88 EPS. Analysts expect that Excel Trust will post $0.84 EPS for the current fiscal year.
EXL has been the subject of a number of other recent research reports. 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.
The company also recently announced a quarterly dividend, which is scheduled for Monday, April 15th. Stockholders 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 5.34%. The ex-dividend date is Tuesday, March 26th. This is a boost from Excel Trust’s previous quarterly dividend of $0.16.
Excel Trust, Inc. (Excel Trust) is a vertically integrated, self-administered, self-managed real estate firm.
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