Media headlines about Retail Properties of America (NYSE:RPAI) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, 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 news stories about the real estate investment trust an impact score of 47.8083907131403 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
RPAI has been the subject of several analyst reports. ValuEngine cut Retail Properties of America from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Boenning Scattergood set a $19.00 price target on Retail Properties of America and gave the company a “buy” rating in a research note on Thursday, February 15th. Zacks Investment Research upgraded Retail Properties of America from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. Jefferies Group set a $13.00 price target on Retail Properties of America and gave the company a “hold” rating in a research note on Tuesday, February 27th. Finally, Citigroup decreased their price target on Retail Properties of America from $15.00 to $14.50 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Retail Properties of America presently has an average rating of “Hold” and a consensus target price of $15.79.
Shares of Retail Properties of America stock traded down $0.07 on Monday, hitting $11.66. The stock had a trading volume of 433,280 shares, compared to its average volume of 2,243,786. The company has a market cap of $2,573.85, a price-to-earnings ratio of 11.28 and a beta of 0.31. Retail Properties of America has a one year low of $10.94 and a one year high of $14.70. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.81 and a current ratio of 0.81.
Retail Properties of America announced that its Board of Directors has authorized a share repurchase program on Thursday, December 14th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Investors 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 yield of 5.68%. Retail Properties of America’s dividend payout ratio is currently 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.
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