News stories about Retail Properties of America (NYSE:RPAI) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. 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 sentiment score of 0.17 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 47.8083907131403 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of equities research analysts recently commented on RPAI shares. Boenning Scattergood set a $19.00 price objective on shares of Retail Properties of America and gave the company a “buy” rating in a research report on Thursday, February 15th. Citigroup reduced their price objective on shares of Retail Properties of America from $15.00 to $14.50 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Zacks Investment Research upgraded shares of Retail Properties of America from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. Jefferies Group set a $13.00 price objective on shares of Retail Properties of America and gave the company a “hold” rating in a research report on Tuesday, February 27th. Finally, ValuEngine downgraded shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.79.
Shares of Retail Properties of America (RPAI) opened at $11.88 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $2,606.77, a PE ratio of 11.42 and a beta of 0.31. Retail Properties of America has a 12-month low of $10.94 and a 12-month high of $14.81.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Tuesday, March 27th will be given a dividend of $0.1656 per share. The ex-dividend date of this dividend is Monday, March 26th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.58%. Retail Properties of America’s payout ratio is 63.46%.
Retail Properties of America Company Profile
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.
Receive News & Ratings for Retail Properties of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Properties of America and related companies with MarketBeat.com's FREE daily email newsletter.