Retail Properties of America Inc Declares Quarterly Dividend of $0.17 (NYSE:RPAI)

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.

Retail Properties of America (NYSE:RPAI) last released its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.15). Retail Properties of America had a net margin of 12.30% and a return on equity of 3.30%. The company had revenue of $122.70 million for the quarter, compared to the consensus estimate of $121.77 million. During the same period in the prior year, the company earned $0.25 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. Equities research analysts predict that Retail Properties of America will post 1.05 EPS for the current year.

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

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