Retail Properties of America Inc(NYSE:RPAI) Declares Dividend of $0.1656.

Retail Properties of America Inc (NYSE:RPAI) had declared a cash dividend of $0.1656 on Jul 28, 2016. The shares will quote ex-dividend on Sep 22, 2016 and the record date has been fixed for Sep 26, 2016. On Jul 28, 2016 share price, the yield comes out to be 3.7938%. The dividend payable date has been fixed on Oct 7, 2016.

In a different note, Jefferies said it Initiates Coverage on Retail Properties of America Inc, according to a research note issued on Jun 30, 2016. The shares have been rated ‘Hold’ by the firm.

Retail Properties of America Inc (RPAI) remained unchanged at the close of Thursday session. Even as the volume increased to 11,03,658 ,the shares failed to make any impression and ended at 0 points or 0.00% at $17.37. The trading session commenced at $17.45 and the stock hit a high of $17.46 and touched $17.32 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $17.78 and the 52-week low is $13.1. The company has a market cap of $4,123 M and has approximately 23,73,43,990 outstanding shares.

Retail Properties of America Inc(RPAI) last announced its earnings results on May 2, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $148.64M. Analysts had an estimated revenue of $146.71M. Earnings per share were $0.28. Analysts had estimated an EPS of $0.26.

Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Bonnie Biumi (director) purchased 2,000 shares at $16.24 per share price.Also, On Feb 26, 2016, Thomas J Sargeant (director) purchased 800 shares at $26.00 per share price.On Sep 9, 2015, Richard P Imperiale (director) purchased 3,000 shares at $13.20 per share price, according to the Form-4 filing with the securities and exchange commission.

Retail Properties of America Inc. is a real estate investment trust (REIT). The Company owns and operates shopping centers in the United States. The Company’s retail operating portfolio includes power centers neighborhood and community centers and lifestyle centers and predominantly multi-tenant retail mixed-use properties as well as single-user retail properties. Its properties include 23rd Street Plaza Panama City; Academy Sports Houma; Academy Sports Midland; Academy Sports Port Arthur; Arvada Connection and Arvada Marketplace Arvada; The Brickyard Chicago; Broadway Shopping Center Bangor and Cinemark Seven Bridges Woodridge among others. It also owns a property Towson Square which is approximately 138000 square foot entertainment based center including a range of national and regional restaurant concepts. The Company owns approximately 201 retail operating properties representing over 29.2 million square feet.

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