Retail Properties of America Inc. Plans Quarterly Dividend of $0.17 (RPAI)
Retail Properties of America (NASDAQ:RPAI) announced a quarterly dividend on Tuesday, October 29th, AnalystRatings.Net reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.1656 per share on Friday, January 10th. This represents a $0.66 annualized dividend and a dividend yield of 4.62%.
On a related note, analysts at Capital One Financial Corp. initiated coverage on shares of Retail Properties of America in a research note to investors on Monday, September 16th. They set a “neutral” rating on the stock.
Shares of Retail Properties of America (NASDAQ:RPAI) traded down 0.42% on Tuesday, hitting $14.35. 949,796 shares of the company’s stock traded hands. Retail Properties of America has a 52-week low of $11.13 and a 52-week high of $16.04. The stock has a 50-day moving average of $13.88 and a 200-day moving average of $14.68. The company has a market cap of $3.389 billion and a P/E ratio of 464.84.
Retail Properties of America (NASDAQ:RPAI) last released its earnings data on Monday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. Analysts expect that Retail Properties of America will post $1.01 EPS for the current fiscal year.
Retail Properties of America, Inc, formerly Inland Western Retail Real Estate Trust, Inc is a fully integrated, self administered and self-managed real estate company that owns and operates shopping centers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.