Somewhat Positive Media Coverage Somewhat Unlikely to Affect Retail Properties of America (RPAI) Stock Price
Press coverage about Retail Properties of America (NYSE:RPAI) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of 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 0.11 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 45.5669649889396 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Retail Properties of America (NYSE:RPAI) traded up $0.12 on Wednesday, hitting $13.01. 2,700,800 shares of the stock traded hands, compared to its average volume of 1,769,068. The stock has a market capitalization of $2,960.00, a P/E ratio of 12.38 and a beta of 0.48. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.89 and a quick ratio of 0.89. Retail Properties of America has a 52-week low of $11.61 and a 52-week high of $15.81.
Retail Properties of America (NYSE:RPAI) last posted its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. The firm 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 revenue was down 9.7% on a year-over-year basis. During the same quarter last year, the company earned $0.27 earnings per share. research analysts expect that Retail Properties of America will post 1.04 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th will be paid a $0.1656 dividend. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $0.66 annualized dividend and a dividend yield of 5.09%. Retail Properties of America’s payout ratio is 103.13%.
A number of research firms recently issued reports on RPAI. BidaskClub upgraded shares of Retail Properties of America from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. KeyCorp upgraded shares of Retail Properties of America from a “sector weight” rating to an “overweight” rating and set a $16.00 price objective for the company in a report on Monday, November 20th. Boenning Scattergood restated a “buy” rating and set a $18.50 price objective on shares of Retail Properties of America in a report on Thursday, November 2nd. 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. Finally, Robert W. Baird restated a “buy” rating and set a $18.00 price objective on shares of Retail Properties of America in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.00.
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 value of $65,096.10. Following the completion of the transaction, the director now owns 46,907 shares in the company, valued at $637,466.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by company insiders.
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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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