Associated Estates Realty Corp. (NYSE:AEC) issued an update on its FY13 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.26-1.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.30, Stock Ratings Network reports.
A number of analysts have recently weighed in on AEC shares. Analysts at Compass Point cut their price target on shares of Associated Estates Realty Corp. from $20.50 to $19.50 in a research note to investors on Friday, June 21st. They now have a buy rating on the stock. Analysts at Jefferies Group reiterated a hold rating on shares of Associated Estates Realty Corp. in a research note to investors on Tuesday, June 11th. They now have a $17.50 price target on the stock, down previously from $18.00.
One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $17.63.
Shares of Associated Estates Realty Corp. (NYSE: AEC) traded down 0.72% during mid-day trading on Tuesday, hitting $16.53. Associated Estates Realty Corp. has a one year low of $14.25 and a one year high of $19.09. The stock’s 50-day moving average is currently $16.19. The company has a market cap of $832.6 million and a P/E ratio of 18.56.
Associated Estates Realty Corp. (NYSE:AEC) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.31 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.32 by $0.01. The company had revenue of $45.60 million for the quarter, compared to the consensus estimate of $45.69 million. During the same quarter last year, the company posted $0.32 earnings per share. Associated Estates Realty Corp.’s revenue was up 14.0% compared to the same quarter last year. Associated Estates Realty Corp. has set its FY13 guidance at $1.26-1.30 EPS. On average, analysts predict that Associated Estates Realty Corp. will post $1.29 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 1st. Investors of record on Monday, July 15th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Thursday, July 11th.
Associated Estates Realty Corporation (NYSE: AEC) is a real estate investment trust (REIT).