Press coverage about Retail Properties of America (NYSE:RPAI) has trended somewhat positive on Monday, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Retail Properties of America earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 48.3029100693624 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
Several equities analysts recently issued reports on RPAI shares. Boenning Scattergood reissued a “buy” rating and set a $18.50 price objective on shares of Retail Properties of America in a research note on Thursday, November 2nd. ValuEngine downgraded shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Robert W. Baird reaffirmed a “buy” rating and set a $18.00 price target on shares of Retail Properties of America in a research note on Wednesday, November 1st. Jefferies Group set a $14.00 price target on shares of Retail Properties of America and gave the stock a “hold” rating in a research note on Friday, December 15th. Finally, JPMorgan Chase & Co. raised shares of Retail Properties of America from a “neutral” rating to an “overweight” rating and set a $15.00 price target on the stock in a research note on Friday, December 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $15.93.
Retail Properties of America (RPAI) traded up $0.02 during trading on Monday, hitting $11.36. 1,845,721 shares of the stock traded hands, compared to its average volume of 2,361,970. Retail Properties of America has a 52 week low of $10.94 and a 52 week high of $15.81. The firm has a market capitalization of $2,550.00, a price-to-earnings ratio of 17.75 and a beta of 0.32. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.84.
Retail Properties of America announced that its board has initiated a stock repurchase program 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 programs are usually a sign that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Tuesday, March 27th will be given a $0.1656 dividend. This represents a $0.66 annualized dividend and a dividend yield of 5.83%. The ex-dividend date of this dividend is Monday, March 26th. Retail Properties of America’s payout ratio is currently 103.13%.
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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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