Press coverage about Retail Properties of America (NYSE:RPAI) has been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded 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 news impact score of 0.13 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.98948049612 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- National Retail Properties (NYSE:NNN) Stake Increased by IFP Advisors Inc (expressnewsline.com)
- National Retail Properties (NNN) Position Increased by Alliancebernstein LP (overnewsmagazine.com)
- Retail Properties of America, I (NYSE:RPAI) Traded Over Its 50 Day Average (highlightpress.com)
- See what the IHS Markit Score report has to say about Retail Properties of America Inc. (finance.yahoo.com)
- Zacks: Brokerages Expect Retail Properties of America, Inc. (RPAI) Will Announce Earnings of $0.25 Per Share (americanbankingnews.com)
Several analysts have weighed in on RPAI shares. BidaskClub raised Retail Properties of America from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Jefferies Group LLC reaffirmed a “hold” rating and set a $13.00 price objective on shares of Retail Properties of America in a research report on Tuesday, June 20th. Citigroup Inc. reiterated a “buy” rating and set a $16.00 target price (down from $18.00) on shares of Retail Properties of America in a report on Tuesday, June 6th. ValuEngine lowered shares of Retail Properties of America from a “buy” rating to a “hold” rating in a report 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 report 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 given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $16.08.
Retail Properties of America (NYSE:RPAI) traded down 1.42% during trading on Friday, hitting $13.19. 1,160,947 shares of the stock traded hands. Retail Properties of America has a 12 month low of $11.61 and a 12 month high of $17.57. The firm has a market cap of $3.04 billion, a PE ratio of 16.70 and a beta of 0.47. The firm has a 50-day moving average price of $12.79 and a 200 day moving average price of $13.66.
Retail Properties of America (NYSE:RPAI) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The business had revenue of $137.34 million during the quarter, compared to analysts’ expectations of $135.81 million. Retail Properties of America had a net margin of 34.57% and a return on equity of 9.20%. The business’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the company posted $0.31 earnings per share. On average, equities analysts forecast that Retail Properties of America will post $0.08 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Tuesday, September 26th will be issued a $0.1656 dividend. The ex-dividend date of this dividend is Monday, September 25th. 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 is currently 82.50%.
In related news, Director Richard P. Imperiale purchased 4,500 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was acquired at an average price of $12.61 per share, with a total value of $56,745.00. Following the completion of the acquisition, the director now owns 37,602 shares in the company, valued at approximately $474,161.22. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Shane C. Garrison purchased 2,050 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was bought at an average cost of $12.67 per share, with a total value of $25,973.50. The disclosure for this purchase can be found here. Company insiders own 0.41% of the company’s stock.
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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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