News stories about Retail Properties of America (NYSE:RPAI) have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Retail Properties of America earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 47.3450876470363 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Retail Properties Of America : To Report Third Quarter 2017 Financial Results (4-traders.com)
- (RPAI) With Shares Trading up at $13.13 Retail Properties Of America, Inc. To… (highlightpress.com)
- Retail Properties Of America, Inc. To Report Third Quarter 2017 Financial Results (finance.yahoo.com)
- Retail Properties of America (RPAI) and Cedar Realty Trust (CDR) Head-To-Head Contrast (americanbankingnews.com)
- Retail Properties of America, I (RPAI) Holdings Decreased by Renaissance Technologies LLC (currenthollywood.com)
Shares of Retail Properties of America (RPAI) opened at 13.11 on Friday. Retail Properties of America has a 1-year low of $11.61 and a 1-year high of $17.57. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 16.59 and a beta of 0.47. The stock has a 50 day moving average of $12.89 and a 200 day moving average of $13.60.
Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. The company had revenue of $137.34 million during the quarter, compared to the consensus estimate of $135.81 million. Retail Properties of America had a return on equity of 9.20% and a net margin of 34.57%. The firm’s revenue was down 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 EPS. On average, equities analysts forecast that Retail Properties of America will post $0.08 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Tuesday, September 26th will be paid a dividend of $0.1656 per share. The ex-dividend date is Monday, September 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.05%. Retail Properties of America’s dividend payout ratio (DPR) is presently 82.50%.
Several research firms have weighed in 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. Citigroup Inc. reiterated a “buy” rating and issued a $15.00 target price (down previously from $16.00) on shares of Retail Properties of America in a research note on Monday, July 10th. Jefferies Group LLC reiterated a “hold” rating and issued a $13.00 target price on shares of Retail Properties of America in a research note on Tuesday, June 20th. ValuEngine lowered shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of Retail Properties of America from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.08.
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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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