Retail Properties of America Inc (NYSE:RPAI) announced a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Shareholders of record on Wednesday, December 27th will be given a dividend of 0.1656 per share by the real estate investment trust on Wednesday, January 10th. This represents a $0.66 annualized dividend and a yield of 4.99%. The ex-dividend date is Friday, December 22nd.

Retail Properties of America has a dividend payout ratio of 62.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Retail Properties of America to earn $1.04 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 63.5%.

Shares of Retail Properties of America (NYSE RPAI) opened at $13.28 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market cap of $3,015.89, a price-to-earnings ratio of 12.53 and a beta of 0.50. Retail Properties of America has a 1-year low of $11.61 and a 1-year high of $15.81.

Retail Properties of America (NYSE:RPAI) last posted its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The business had revenue of $130.52 million during the quarter, compared to the consensus estimate of $132.45 million. Retail Properties of America had a net margin of 28.84% and a return on equity of 7.61%. Retail Properties of America’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 EPS. analysts anticipate that Retail Properties of America will post 1.05 earnings per share for the current year.

Retail Properties of America announced that its board has initiated a stock buyback program on Thursday, December 14th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Several analysts recently issued reports on RPAI shares. Boenning Scattergood reaffirmed a “buy” rating and set a $18.50 price objective on shares of Retail Properties of America in a report on Thursday, November 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $18.00 price objective on shares of Retail Properties of America in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Wednesday, October 11th. BidaskClub cut shares of Retail Properties of America from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 16th. Finally, Jefferies Group reiterated a “hold” rating and set a $13.00 target price on shares of Retail Properties of America in a research note on Tuesday, August 29th. One research 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. Retail Properties of America has an average rating of “Hold” and an average target price of $15.94.

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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.

Dividend History for Retail Properties of America (NYSE:RPAI)

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