Retail Properties of America (NYSE:RPAI) Earning Somewhat Positive Press Coverage, Report Shows

Media stories about Retail Properties of America (NYSE:RPAI) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Retail Properties of America earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 45.50441525097 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Shares of Retail Properties of America (NYSE RPAI) traded down 1.33% during mid-day trading on Thursday, reaching $13.38. The company had a trading volume of 1,310,086 shares. The stock’s 50-day moving average price is $12.75 and its 200 day moving average price is $13.67. Retail Properties of America has a 1-year low of $11.61 and a 1-year high of $17.57. The company has a market capitalization of $3.08 billion, a PE ratio of 16.94 and a beta of 0.47.

Retail Properties of America (NYSE:RPAI) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. The company had revenue of $137.34 million during 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%. Retail Properties of America’s revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 earnings per share. Equities analysts expect that Retail Properties of America will post $0.08 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Tuesday, September 26th will be issued a dividend of $0.1656 per share. This represents a $0.66 annualized dividend and a dividend yield of 4.95%. The ex-dividend date of this dividend is Monday, September 25th. Retail Properties of America’s dividend payout ratio (DPR) is 82.50%.

Several research analysts have weighed in on RPAI shares. Zacks Investment Research downgraded Retail Properties of America from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. ValuEngine downgraded Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC increased their target price on Retail Properties of America to $16.00 and gave the company a “hold” rating in a research report on Monday, June 5th. 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 research report on Tuesday, June 6th. Finally, BidaskClub upgraded Retail Properties of America from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. One investment 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. The company has a consensus rating of “Hold” and a consensus price target of $16.08.

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In related news, COO Shane C. Garrison sold 1,000 shares of Retail Properties of America stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $25.56, for a total value of $25,560.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard P. Imperiale bought 4,500 shares of Retail Properties of America stock in a transaction that occurred on Tuesday, May 16th. The stock was purchased at an average price of $12.61 per share, for a total transaction of $56,745.00. Following the acquisition, the director now directly owns 37,602 shares of the company’s stock, valued at approximately $474,161.22. The disclosure for this purchase can be found here. 0.41% of the stock is owned by company insiders.

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.