Aperio Group LLC raised its stake in Retail Properties of America by 1.5% in the third quarter.
Retail Properties of America announced that its Board of Directors has initiated a stock buyback program on Thursday, December 14th that permits the company to repurchase $250.00 million in outstanding shares. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued.
News headlines about National Retail Properties (NYSE:NNN) have been trending somewhat positive this week, according to Accern Sentiment.
In other National Retail Properties news, CFO Kevin B. Habicht sold 20,664 shares of the stock in a transaction on Thursday, December 14th. LSV Asset Management lifted its holdings in shares of Retail Properties of America by 81.8% in the second quarter. Tsp Capital Management Group Llc owns 65,545 shares or 0.69% of their USA portfolio. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Retail Properties of America by 1,668.7% in the second quarter. The fund owned 58,481 shares of the real estate investment trust's stock after purchasing an additional 8,481 shares during the period.
Retail Properties of America (NYSE:RPAI) last issued its earnings results on Tuesday, October 31st. Zacks Investment Research upgraded Retail Properties of America from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a report on Wednesday, October 11th. (NYSE:NNN) on Tuesday, December 15 to "Outperform" rating. (NYSE:NNN) earned "Neutral" rating by UBS on Thursday, November 9. Finally, KeyCorp reissued a hold rating on shares of Retail Properties of America in a report on Friday, August 25th. Boenning Scattergood restated a buy rating and issued a $18.50 price target on shares of Retail Properties of America in a research note on Thursday, November 2nd. Retail Properties of America had 21 analyst reports since January 15, 2016 according to SRatingsIntel. The Schwerin Boyle Capital Management Inc holds 192,000 shares with $2.52M value, up from 111,300 last quarter. National Retail Pptys Inc Com now has $6.09 billion valuation. It has a return on equity (ROE) of 7.00%.
Shares of Retail Properties of America (NYSE RPAI) traded down $0.18 on Friday, reaching $12.67. The real estate investment trust reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. The company had revenue of $147.71 million during the quarter, compared to the consensus estimate of $146.57 million. National Retail Properties had a return on equity of 8.47% and a net margin of 44.96%. The company's revenue was down 9.7% compared to the same quarter previous year. During the same period in the prior year, the business posted $0.27 earnings per share. sell-side analysts anticipate that Retail Properties of America Inc will post 1.05 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th.
Since August 4, 2017, it had 0 insider purchases, and 5 insider sales for $2.13 million activity. The ex-dividend date was Friday, December 22nd. Retail Properties of America's dividend payout ratio is now 101.54%. Following the sale, the chief financial officer now directly owns 125,722 shares in the company, valued at approximately $5,355,757.20.
National Retail Properties, Inc is a real estate investment trust (REIT). Many technical analysts believe that an ADX value over 25 would suggest a strong trend.
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Analysts await Retail Properties of America, Inc. The Company owns and operates shopping centers located in the United States.