Media headlines about Retail Properties of America (NYSE:RPAI) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news 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 media sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 47.4848477541348 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
RPAI has been the subject of several research analyst reports. JPMorgan Chase & Co. raised Retail Properties of America from a “neutral” rating to an “overweight” rating and set a $15.00 price objective for the company in a research report on Friday, December 15th. Jefferies Group set a $14.00 price objective on Retail Properties of America and gave the stock a “hold” rating in a research report on Friday, December 15th. ValuEngine cut Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Boenning Scattergood set a $19.00 price objective on Retail Properties of America and gave the stock a “buy” rating in a research report on Thursday, February 15th. Finally, Zacks Investment Research cut Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Retail Properties of America presently has an average rating of “Hold” and an average price target of $15.79.
Retail Properties of America stock opened at $11.48 on Thursday. Retail Properties of America has a 12 month low of $10.94 and a 12 month 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. The stock has a market capitalization of $2,549.72, a PE ratio of 11.06 and a beta of 0.31.
Retail Properties of America declared that its Board of Directors has initiated a stock repurchase plan 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 repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Tuesday, March 27th will be paid a dividend of $0.1656 per share. The ex-dividend date of this dividend is Monday, March 26th. This represents a $0.66 annualized dividend and a yield of 5.77%. Retail Properties of America’s dividend payout ratio is 63.46%.
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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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