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

Retail Properties of America Inc (NYSE:RPAI) declared a quarterly dividend on Wednesday, April 24th, Wall Street Journal reports. Investors of record on Tuesday, June 25th will be given a dividend of 0.1656 per share by the real estate investment trust on Wednesday, July 10th. This represents a $0.66 annualized dividend and a dividend 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. 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%.

NYSE:RPAI traded down $0.01 during trading hours on Friday, reaching $11.90. 561,473 shares of the company were exchanged, compared to its average volume of 929,141. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a 50-day moving average of $12.04. The firm 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. Retail Properties of America has a twelve month low of $10.57 and a twelve month high of $13.33.

Retail Properties of America (NYSE:RPAI) last posted its quarterly earnings data 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 return on equity of 3.30% and a net margin of 12.30%. The company had revenue of $122.70 million for the quarter, compared to analyst estimates of $121.77 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. As a group, research analysts anticipate that Retail Properties of America will post 1.05 EPS for the current fiscal year.

RPAI has been the subject of a number of research reports. Zacks Investment Research raised shares of Icon from a “hold” rating to a “buy” rating and set a $157.00 target price 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 research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.17.

About Retail Properties of America

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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