Somewhat Positive Press Coverage Somewhat Unlikely to Impact Retail Properties of America (RPAI) Share Price
News headlines about Retail Properties of America (NYSE:RPAI) have been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Retail Properties of America earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.6779311001689 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern’s rankings:
- (RPAI) Shares Trading up at $13.39 Retail Properties of America, Inc…. (highlightpress.com)
- Retail Properties of America, Inc. Reports Minimal Damage From Hurricane Harvey (finance.yahoo.com)
- Retail Properties of America, Inc. (RPAI) Downgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
- Retail Properties of America, I (NYSE:RPAI) Experiences Heavier than Average Trading Volume (highlightpress.com)
- Retail Properties of America, Inc. (RPAI) Upgraded at Zacks Investment Research (americanbankingnews.com)
RPAI has been the topic of a number of research analyst reports. ValuEngine lowered Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC upped their target price on Retail Properties of America to $16.00 and gave the stock a “hold” rating in a research note on Monday, June 5th. Citigroup Inc. restated a “buy” rating and issued a $16.00 target price (down from $18.00) on shares of Retail Properties of America in a research note on Tuesday, June 6th. BidaskClub upgraded Retail Properties of America from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, KeyCorp reiterated a “hold” rating on shares of Retail Properties of America in a research report on Friday, August 25th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $15.75.
Retail Properties of America (RPAI) opened at 13.39 on Monday. The stock’s 50 day moving average price is $13.17 and its 200 day moving average price is $13.46. Retail Properties of America has a 12 month low of $11.61 and a 12 month high of $17.57. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 16.95 and a beta of 0.44.
Retail Properties of America (NYSE:RPAI) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $137.34 million for 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 for the quarter was down 6.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 earnings per share. Equities research analysts anticipate that Retail Properties of America will post $0.30 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Tuesday, September 26th will be paid a dividend of $0.1656 per share. The ex-dividend date of this dividend is Monday, September 25th. This represents a $0.66 annualized dividend and a yield of 4.95%. Retail Properties of America’s payout ratio is currently 82.50%.
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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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