Weekly CFO Buys Highlight
American Realty Capital Properties Inc. (ARCP): Executive Vice President and CFO Brian S. Block Bought 10,000 Shares
Executive Vice President and CFO of American Realty Capital Properties Inc. (ARCP) Brian S. Block bought 10,000 shares on 04/11/2013 at an average price of $15.69.
American Realty Capital Properties Inc. was incorporated as a Maryland corporation on Dec. 2, 2010 and intends to elect and qualify to be taxed as a REIT. American Realty Capital Properties Inc. has a market cap of $215.413 million; its shares were traded at around $16.63 with and P/S ratio of 9.19. The dividend yield of American Realty Capital Properties Inc. stocks is 5.36%.
On Feb. 28, 2013 American Realty Capital Properties Inc. announced its operating results for the quarter and year ended Dec. 31, 2012. Operating highlights are provided below. Revenues: $5.6 million, representing an increase of $0.8 million, or 15.8%, compared to the prior quarter. Funds from operations: $2.2 million, which includes one-time net acquisition and transaction related expenses of $0.7 million. Core funds from operations (excluding the impact of acquisition and transaction related expenses) of $2.9 million, or $0.26 per share computed using weighted average basic shares outstanding (“basic”) and $0.24 per share computed using weighted average fully diluted shares outstanding (“fully diluted”). Adjusted funds from operations: $3.4 million, or $0.31 per share basic and $0.28 per share fully diluted.
Director William M. Kahane bought 50,000 shares of ARCP stock on 03/04/2013 at the average price of $12.56. William M. Kahane owns at least 1,680,369 shares after this. The price of the stock has increased by 32.4% since.
For the complete list of stocks that were bought by their CFOs, go to: Insider Buys.