Retail Properties of America Inc (NYSE:RPAI) announced a quarterly dividend on Wednesday, April 24th, Wall Street Journal reports. Shareholders of record on Tuesday, June 25th will be paid a dividend of 0.1656 per share by the real estate investment trust on Wednesday, July 10th. This represents a $0.66 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date is Monday, June 24th.
Retail Properties of America has a dividend payout ratio of 65.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Retail Properties of America to earn $1.07 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 61.7%.
Shares of Retail Properties of America stock traded down $0.01 on Friday, reaching $11.90. 561,473 shares of the company traded hands, compared to its average volume of 929,141. Retail Properties of America has a 52 week low of $10.57 and a 52 week high of $13.33. The business has a 50 day moving average of $12.04. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 8.10 and a beta of 0.52. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.00.
Several research analysts recently commented on the stock. Zacks Investment Research raised shares of Icon from a “hold” rating to a “buy” rating and set a $157.00 price objective for the company in a report on Thursday, May 30th. ValuEngine raised shares of YPF from a “sell” rating to a “hold” rating in a report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Retail Properties of America presently has a consensus rating of “Hold” and an average price target of $14.17.
Retail Properties of America Company Profile
Retail Properties of America, Inc is a REIT that owns and operates high quality, strategically located open-air shopping centers, including properties with a mixed-use component. As of December 31, 2018, the Company owned 105 retail operating properties in the United States representing 20.1 million square feet.
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