Retail Properties of America Hits New 52-Week High at $15.85 (RPAI)
Retail Properties of America (NASDAQ:RPAI) hit a new 52-week high during mid-day trading on Friday , Stock Ratings News reports. The stock traded as high as $15.85 and last traded at $15.83, with a volume of 350,783 shares changing hands. The stock had previously closed at $15.81.
Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Retail Properties of America in a research note on Wednesday, August 20th. They now have a $17.00 price target on the stock, up previously from $16.00. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Retail Properties of America has a consensus rating of “Hold” and an average price target of $33.33.
The stock has a 50-day moving average of $15.42 and a 200-day moving average of $14.67. The company has a market cap of $3.737 billion and a P/E ratio of 109.03.
Retail Properties of America (NASDAQ:RPAI) last announced its earnings results on Monday, August 4th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.03. On average, analysts predict that Retail Properties of America will post $1.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 10th. Stockholders of record on Friday, September 26th will be given a dividend of $0.1656 per share. This represents a $0.66 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Wednesday, September 24th.
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.
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