Retail Properties of America (RPAI) Earns Daily Coverage Optimism Rating of 0.11
News articles about Retail Properties of America (NYSE:RPAI) have trended somewhat positive on Sunday, according to Alpha One Sentiment. The research firm, a subsidiary of Accern, scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Retail Properties of America earned a daily sentiment score of 0.11 on Alpha One’s scale. Alpha One also gave headlines about the real estate investment trust an impact score of 35 out of 100, meaning that recent press coverage is unlikely to have an effect on the stock’s share price in the near term.
Retail Properties of America (RPAI) traded down 4.97% on Friday, reaching $12.24. 4,078,098 shares of the company’s stock traded hands. The stock has a 50-day moving average of $12.74 and a 200 day moving average of $14.35. Retail Properties of America has a 52 week low of $12.06 and a 52 week high of $17.78. The firm has a market capitalization of $2.89 billion, a P/E ratio of 29.07 and a beta of 0.48.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 10th. Stockholders of record on Monday, June 26th will be paid a dividend of $0.1656 per share. The ex-dividend date is Thursday, June 22nd. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.41%. Retail Properties of America’s dividend payout ratio is currently 153.49%.
RPAI has been the topic of several recent research reports. Citigroup Inc. reaffirmed a “buy” rating and set a $16.00 target price (down from $18.00) on shares of Retail Properties of America in a research note on Tuesday, June 6th. Zacks Investment Research upgraded shares of Retail Properties of America from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Thursday, March 2nd. Jefferies Group LLC set a $16.00 price target on shares of Retail Properties of America and gave the stock a “hold” rating in a report on Saturday, March 25th. ValuEngine cut shares of Retail Properties of America from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded shares of Retail Properties of America from a “strong sell” rating to a “sell” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $16.75.
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In related news, Director Richard P. Imperiale purchased 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was acquired at an average price of $12.61 per share, for a total transaction of $56,745.00. Following the completion of the purchase, the director now owns 37,602 shares in the company, valued at $474,161.22. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thomas J. Sargeant purchased 3,900 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was bought at an average price of $12.82 per share, with a total value of $49,998.00. Following the purchase, the director now owns 39,392 shares of the company’s stock, valued at approximately $505,005.44. The disclosure for this purchase can be found here. Insiders have bought 10,450 shares of company stock worth $132,717 in the last quarter. Insiders own 0.41% of the company’s stock.
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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