Somewhat Positive Press Coverage Somewhat Unlikely to Affect Retail Properties of America (RPAI) Share Price
News headlines about Retail Properties of America (NYSE:RPAI) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Retail Properties of America earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 47.2217242862506 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s scoring:
- Retail Properties of America Inc (RPAI) Plans Quarterly Dividend of $0.17 (americanbankingnews.com)
- Retail Properties Of America, Inc. Announces First Quarter 2018 Dividend On Common Stock (finance.yahoo.com)
- Head-To-Head Comparison: Retail Properties of America (RPAI) and Wheeler Real Estate Investment Trust (WHLR) (americanbankingnews.com)
- Retail Properties of America Inc (RPAI) Expected to Post Quarterly Sales of $126.72 Million (americanbankingnews.com)
- Retail Properties of America (RPAI) to Release Earnings on Monday (americanbankingnews.com)
A number of equities research analysts have recently commented on RPAI shares. Zacks Investment Research cut Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. BidaskClub cut Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Robert W. Baird restated a “buy” rating and set a $18.00 target price on shares of Retail Properties of America in a research report on Wednesday, November 1st. Boenning Scattergood reiterated a “buy” rating and issued a $18.50 price objective on shares of Retail Properties of America in a report on Thursday, November 2nd. Finally, KeyCorp upgraded Retail Properties of America from a “sector weight” rating to an “overweight” rating and set a $16.00 price objective on the stock in a report on Monday, November 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $15.93.
Retail Properties of America announced that its board has initiated a stock buyback program on Thursday, December 14th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
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 issued a $0.1656 dividend. This represents a $0.66 annualized dividend and a yield of 5.84%. The ex-dividend date of this dividend is Monday, March 26th. Retail Properties of America’s payout ratio is 101.54%.
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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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