Retail Properties of America Inc. (RPAI) Announces Quarterly Dividend of $0.17
Retail Properties of America (NASDAQ:RPAI) declared a quarterly dividend on Tuesday, February 11th, Stock Ratings Network.com reports. Investors of record on Friday, March 28th will be given a dividend of 0.1656 per share on Thursday, April 10th. This represents a $0.66 dividend on an annualized basis and a yield of 4.93%.
A number of analysts have recently weighed in on RPAI shares. Analysts at B. Riley upgraded shares of Retail Properties of America from a “neutral” rating to a “buy” rating in a research note on Friday, January 31st. They now have a $68.00 price target on the stock, up previously from $60.00. On the ratings front, analysts at Capital One Financial Corp. upgraded shares of Retail Properties of America to an “overweight” rating in a research note on Friday, January 31st. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Retail Properties of America from a “neutral” rating to an “underweight” rating in a research note on Thursday, January 16th.
Shares of Retail Properties of America (NASDAQ:RPAI) traded up 0.30% on Tuesday, hitting $13.45. The stock had a trading volume of 1,414,177 shares. Retail Properties of America has a 1-year low of $12.07 and a 1-year high of $16.04. The stock has a 50-day moving average of $12.76 and a 200-day moving average of $13.5. The company’s market cap is $3.176 billion.
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.