On April 11, six different insiders made buys into American Realty Capital Properties (ARCP). These insiders bought over 113,000 shares of company stock at an average price of $15.67.
Chairman of the Board and CEO Nicholas Schorsch started the day by adding 30,000 shares at $15.69 per share. This transaction cost him $470,700. Schorsch has proven to be a keen investor in his own company. To view the complete list of Schorsch’s insider buys and sells, click here.
Co-Founder and Director William Kahane, and Executive Vice President and CIO Peter Budko also added 30,000 shares each at a price of $15.69 per share.
President and COO Michael Weil, and Executive Vice President and CFO Brian Block both added 10,000 shares at $15.69 per share. Their transactions cost them each $156,900.
Finally, COO Brian Jones added 3,000 shares to his stake at an average price of $15.56. This transaction cost him $46,680.
Since the last insider cluster buy, the price of the stock has increased an average of $2.03 or approximately 28%.
According to the GuruFocus analysis, the company has exceeded its previous two-year high price of $15.97. Also, the P/S Ratio is close to a one-year high of 8.82.
American Realty is an investment advisory firm sponsoring investment programs with an emphasis on publicly registered non-traded real estate offerings. The company primarily owns and acquires single tenant freestanding commercial real estate that is net leased on a medium-term basis.
On March 18, American Realty increased its monthly dividend by 1.1% to $0.076 per month. The dividend yield based on this new payout is 6.5%.
|Market Cap: 208.8 M||P/E: n/a||Shiller P/E: n/a|
|P/B: 2.7||P/S: 8.82||EV/EBITDA: 38.87|
|52 Week Low: 9.77||52 Week High: 16.65||Average Volume: 5.59 M|
Jim Simons holds 132,000 shares of American Realty.
With its shares up 4.2%, American Realty trades at $16.64.
- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys:: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.