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American Realty Reports Dividend Growth and Six Insider Buys

April 12, 2013 | About:
Monica Wolfe

Monica Wolfe

99 followers
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.

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Rating: 3.3/5 (7 votes)

Comments

SeaBud
SeaBud premium member - 1 year ago
I have owned American Realty since before it went public. They have built a nice NNN portfolio of credit quality leases that will be stable for 6-10 years. HOWEVER, their success is also built on financing and the stability/rollover of these leases, which is not 100%. The combination of turning over debt at higher rates with expiring leases at stable or lower rents could cause issues (alternative is to sell the NNN lease but higher interest/cap rates will reduce value substantially). Again, this is a 5-6 year out problem based on rising interest rates that may never happen and not a concern for the next 3-5 years where the dividend should be quite stable.

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