Media stories about Retail Properties of America (NYSE:RPAI) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Retail Properties of America earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.6287838950624 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- $0.24 Earnings Per Share Expected for Retail Properties of America, Inc. (RPAI) This Quarter (americanbankingnews.com)
- Saul Centers (BFS) versus Retail Properties of America (RPAI) Head to Head Contrast (americanbankingnews.com)
- Retail Properties of America (RPAI) and Its Rivals Head-To-Head Review (americanbankingnews.com)
- Redeemed Issues: Staying Informed (seekingalpha.com)
RPAI has been the topic of several research reports. Zacks Investment Research raised shares of Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, October 11th. BidaskClub lowered shares of Retail Properties of America from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 16th. Boenning Scattergood reissued a “buy” rating and set a $18.50 target price on shares of Retail Properties of America in a report on Thursday, November 2nd. Robert W. Baird reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Retail Properties of America in a research note on Wednesday, November 1st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Retail Properties of America in a research note on Tuesday, August 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Retail Properties of America has a consensus rating of “Hold” and a consensus price target of $16.00.
Retail Properties of America (NYSE RPAI) traded up $0.08 on Friday, reaching $12.92. 1,875,300 shares of the company’s stock traded hands, compared to its average volume of 1,833,698. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 0.89. Retail Properties of America has a 1 year low of $11.61 and a 1 year high of $15.81. The firm has a market capitalization of $2,983.78, a P/E ratio of 12.19 and a beta of 0.48.
Retail Properties of America (NYSE:RPAI) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. Retail Properties of America had a net margin of 28.84% and a return on equity of 7.61%. The firm had revenue of $130.52 million for the quarter, compared to the consensus estimate of $132.45 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The business’s revenue was down 9.7% on a year-over-year basis. analysts forecast that Retail Properties of America will post 1.04 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th will be paid a $0.1656 dividend. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $0.66 annualized dividend and a dividend yield of 5.13%. Retail Properties of America’s payout ratio is 101.54%.
In related news, Director Gerald M. Gorski sold 4,790 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $13.59, for a total transaction of $65,096.10. Following the completion of the transaction, the director now owns 46,907 shares in the company, valued at $637,466.13. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.41% of the stock is currently owned by corporate insiders.
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About Retail Properties of America
Retail Properties of America, Inc is a real estate investment trust (REIT). The Company owns and operates shopping centers located in the United States. As of December 31, 2016, it owned 156 retail operating properties representing 25,832,000 square feet of gross leasable area (GLA). Its retail operating portfolio includes neighborhood and community centers, power centers, and lifestyle centers and multi-tenant retail-focused mixed-use properties, as well as single-user retail properties.
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