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Traders Buy Shares of American Realty Capital Pro

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Post# of 23098
Posted On: 12/20/2014 9:24:17 AM
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Posted By: fitzkarz
Traders Buy Shares of American Realty Capital Properties on Weakness (ARCP)
December 20th, 2014 - 0 comments - Filed Under - by Stefani Robinson

American Realty Capital Properties logoInvestors purchased shares of American Realty Capital Properties (NASDAQ:ARCP) on weakness during trading on Friday, Stock Ratings Network.com reports. $63.89 million flowed into the stock on the tick-up and $28.84 million flowed out of the stock on the tick-down, for a money net flow of $35.05 million into the stock. Of all equities tracked, American Realty Capital Properties had the 25th highest net in-flow for the day. American Realty Capital Properties traded down ($0.05) for the day and closed at $8.02

A number of analysts have recently weighed in on ARCP shares. Analysts at Zacks downgraded shares of American Realty Capital Properties from a “neutral” rating to an “underperform” rating in a research note on Friday, December 12th. They now have a $8.80 price target on the stock. Separately, analysts at TheStreet downgraded shares of American Realty Capital Properties from a “hold” rating to a “sell” rating in a research note on Monday, November 24th. Finally, analysts at Capital One Financial Corp. downgraded shares of American Realty Capital Properties from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 29th. They now have a $12.00 price target on the stock, down previously from $16.00. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $111.41.

The stock’s 50-day moving average is $8.84 and its 200-day moving average is $11.6. The company’s market cap is $7.236 billion.

American Realty Capital Properties, Inc, is a real estate investment trust (NASDAQ:ARCP).


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