Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Retail Properties of America (RPAI) Stock Price

Headlines about Retail Properties of America (NYSE:RPAI) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. 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 daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 47.7400571180623 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

RPAI stock traded down $0.10 during trading on Friday, hitting $11.76. 1,989,367 shares of the stock traded hands, compared to its average volume of 2,178,125. Retail Properties of America has a 1 year low of $10.94 and a 1 year high of $14.70. The company has a market capitalization of $2,580.44, a price-to-earnings ratio of 11.09 and a beta of 0.31. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.81 and a current ratio of 0.81.

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Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.23. Retail Properties of America had a net margin of 46.73% and a return on equity of 12.36%. The company had revenue of $126.59 million for the quarter, compared to the consensus estimate of $126.72 million. research analysts predict that Retail Properties of America will post 1.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Tuesday, March 27th will be given a dividend of $0.1656 per share. This represents a $0.66 annualized dividend and a yield of 5.63%. The ex-dividend date is Monday, March 26th. Retail Properties of America’s dividend payout ratio (DPR) is 62.26%.

Retail Properties of America announced that its Board of Directors has approved a stock buyback plan on Thursday, December 14th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

A number of analysts have recently weighed in on RPAI shares. Boenning Scattergood set a $19.00 target price on shares of Retail Properties of America and gave the stock a “buy” rating in a research report on Thursday, February 15th. Citigroup reduced their target price on shares of Retail Properties of America from $15.00 to $14.50 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Jefferies Group set a $14.00 target price on shares of Retail Properties of America and gave the stock a “hold” rating in a research report on Friday, December 15th. Zacks Investment Research raised shares of Retail Properties of America from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Finally, ValuEngine downgraded shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $15.79.

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About Retail Properties of America

Retail Properties of America, Inc is a REIT that owns and operates high quality, strategically located shopping centers in the United States. As of December 31, 2017, the Company owned 112 retail operating properties representing 20.3 million square feet. The Company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI.

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