Retail Properties of America (RPAI) Earns Daily Media Impact Rating of 0.10
Media coverage about Retail Properties of America (NYSE:RPAI) has been trending somewhat positive on Tuesday, according to Accern Sentiment. Accern scores the sentiment of press 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 negative one to one, with scores closest to one being the most favorable. Retail Properties of America earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.0172484853487 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several research firms have weighed in on RPAI. BidaskClub downgraded shares of Retail Properties of America from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 16th. Zacks Investment Research downgraded shares of Retail Properties of America from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. KeyCorp restated a “hold” rating on shares of Retail Properties of America in a report on Friday, August 25th. Jefferies Group LLC restated a “hold” rating and set a $13.00 target price on shares of Retail Properties of America in a report on Tuesday, August 29th. Finally, Boenning Scattergood restated a “buy” rating and set a $18.50 target price on shares of Retail Properties of America in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Retail Properties of America currently has a consensus rating of “Hold” and a consensus price target of $16.00.
Shares of Retail Properties of America (RPAI) traded up $0.16 during midday trading on Tuesday, hitting $13.19. 1,959,270 shares of the stock were exchanged, compared to its average volume of 1,763,324. The stock has a market capitalization of $2,968.20, a P/E ratio of 12.33 and a beta of 0.48. Retail Properties of America has a 1-year low of $11.61 and a 1-year high of $15.81. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84.
Retail Properties of America (NYSE:RPAI) last issued its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. The business had revenue of $130.52 million during the quarter, compared to the consensus estimate of $132.45 million. Retail Properties of America had a net margin of 28.84% and a return on equity of 7.61%. The company’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 earnings per share. analysts expect that Retail Properties of America will post 1.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th will be issued a dividend of $0.1656 per share. The ex-dividend date is Friday, December 22nd. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.02%. Retail Properties of America’s dividend payout ratio (DPR) is presently 101.54%.
In other news, Director Gerald M. Gorski sold 4,790 shares of Retail Properties of America 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 sale, the director now directly owns 46,907 shares in the company, valued at $637,466.13. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.40% of the company’s stock.
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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