Media coverage about Retail Properties of America (NYSE:RPAI) has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research group rates the sentiment of 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 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 gave news stories about the real estate investment trust an impact score of 48.2479311746015 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
- Retail Properties of America Inc (RPAI) Forecasted to Earn FY2018 Earnings of $1.02 Per Share (americanbankingnews.com)
- Financial Review: Retail Properties of America (RPAI) and GGP (GGP) (americanbankingnews.com)
- Retail Properties of America Inc Forecasted to Earn Q4 2017 Earnings of $0.22 Per Share (RPAI) (americanbankingnews.com)
- Q1 2018 EPS Estimates for Retail Properties of America Inc (RPAI) Cut by Analyst (americanbankingnews.com)
- Developer plans $100M mixed-use community to ‘complete’ Merrifield’s Mosaic District (bizjournals.com)
Retail Properties of America (NYSE:RPAI) traded down $0.08 during mid-day trading on Monday, reaching $12.38. 1,911,700 shares of the company’s stock were exchanged, compared to its average volume of 1,795,189. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 0.89. Retail Properties of America has a 1 year low of $11.61 and a 1 year high of $15.81. The company has a market capitalization of $2,810.00, a PE ratio of 19.34 and a beta of 0.50.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th were given a $0.1656 dividend. The ex-dividend date was Friday, December 22nd. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.35%. Retail Properties of America’s payout ratio is presently 103.13%.
Retail Properties of America announced that its Board of Directors has initiated a share buyback plan on Thursday, December 14th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
RPAI has been the subject of a number of research analyst reports. Boenning Scattergood reaffirmed a “buy” rating and set a $18.50 price objective on shares of Retail Properties of America in a research report on Thursday, November 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $18.00 price objective on shares of Retail Properties of America in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, October 11th. ValuEngine cut shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Jefferies Group set a $14.00 price objective on shares of Retail Properties of America and gave the stock a “hold” rating in a research report on Friday, December 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Retail Properties of America has an average rating of “Hold” and a consensus target price of $15.93.
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.
Receive News & Ratings for Retail Properties of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Properties of America and related companies with MarketBeat.com's FREE daily email newsletter.