Retail Properties of America (RPAI) Earning Somewhat Favorable News Coverage, Analysis Finds
Media headlines about Retail Properties of America (NYSE:RPAI) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing 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 nearest to one being the most favorable. Retail Properties of America earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 47.953065830614 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of equities analysts recently commented on the company. BidaskClub upgraded Retail Properties of America from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 9th. JPMorgan Chase & Co. upgraded Retail Properties of America from a “neutral” rating to an “overweight” rating and set a $15.00 price objective on the stock in a research report on Friday, December 15th. KeyCorp upgraded Retail Properties of America from a “sector weight” rating to an “overweight” rating and set a $16.00 target price on the stock in a research report on Monday, November 20th. Zacks Investment Research downgraded Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, Boenning Scattergood restated a “buy” rating and issued a $18.50 target price on shares of Retail Properties of America in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $15.94.
Retail Properties of America (NYSE RPAI) traded down $0.02 during trading hours on Friday, reaching $13.08. The company’s stock had a trading volume of 1,280,000 shares, compared to its average volume of 1,840,000. Retail Properties of America has a 12 month low of $11.61 and a 12 month high of $15.81. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $2,970.00, a P/E ratio of 20.44 and a beta of 0.50.
Retail Properties of America (NYSE:RPAI) last posted its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. The company had revenue of $130.52 million for the quarter, compared to the consensus estimate of $132.45 million. Retail Properties of America had a return on equity of 7.61% and a net margin of 28.84%. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 earnings per share. equities analysts expect that Retail Properties of America will post 1.05 EPS for the current year.
Retail Properties of America announced that its board has initiated a stock buyback plan on Thursday, December 14th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th will be issued a $0.1656 dividend. The ex-dividend date is Friday, December 22nd. This represents a $0.66 annualized dividend and a dividend yield of 5.07%. Retail Properties of America’s dividend payout ratio is presently 103.13%.
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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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