News articles about Retail Properties of America (NYSE:RPAI) have trended somewhat positive this week, Accern reports. The research firm scores 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 nearest to one being the most favorable. Retail Properties of America earned a news impact score of 0.05 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 48.8113383355018 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- RPAI seeks partners for Largo mixed-use project (bizjournals.com)
- RSI Alert: Retail Properties of America (RPAI) Now Oversold (nasdaq.com)
- Retail Properties of America, Inc. Announces Tax Allocations of 2017 Dividend Distributions (finance.yahoo.com)
- What’s Happening With These REIT Stocks? — Retail Properties of America, Ramco-Gershenson Properties Trust, Simon Property, and Taubman Centers (bizjournals.com)
A number of analysts have recently issued reports on RPAI shares. 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 for the company in a research report on Wednesday, October 11th. BidaskClub lowered shares of Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Robert W. Baird reissued a “buy” rating and issued a $18.00 price target on shares of Retail Properties of America in a research report on Wednesday, November 1st. Boenning Scattergood reissued a “buy” rating and issued a $18.50 price target on shares of Retail Properties of America in a research report on Thursday, November 2nd. Finally, KeyCorp raised shares of Retail Properties of America from a “sector weight” rating to an “overweight” rating and set a $16.00 price target for the company in a research report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.93.
Retail Properties of America (NYSE:RPAI) opened at $12.30 on Friday. Retail Properties of America has a twelve month low of $11.61 and a twelve month high of $15.81. The company has a market capitalization of $2,790.00, a P/E ratio of 19.22 and a beta of 0.50. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.84.
Retail Properties of America (NYSE:RPAI) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. Retail Properties of America had a return on equity of 7.61% and a net margin of 28.84%. 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 firm’s revenue was down 9.7% on a year-over-year basis. analysts expect that Retail Properties of America will post 1.05 EPS for the current fiscal year.
Retail Properties of America declared that its board has approved a share repurchase program on Thursday, December 14th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th were issued a $0.1656 dividend. The ex-dividend date was Friday, December 22nd. This represents a $0.66 dividend on an annualized basis and a yield of 5.39%. Retail Properties of America’s dividend payout ratio is currently 103.13%.
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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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