Shares of Retail Properties of America Inc (NYSE:RPAI) have earned an average rating of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $16.08.
RPAI has been the subject of a number of recent analyst reports. Jefferies Group set a $14.00 price objective on Retail Properties of America and gave the stock a “hold” rating in a research report on Friday, December 15th. Zacks Investment Research upgraded Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Wednesday, October 11th. BidaskClub lowered Retail Properties of America from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. ValuEngine lowered Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Robert W. Baird restated a “buy” rating and issued a $18.00 target price on shares of Retail Properties of America in a research note on Wednesday, November 1st.
Retail Properties of America (NYSE:RPAI) traded down $0.21 during trading on Monday, hitting $12.46. The stock had a trading volume of 2,053,160 shares, compared to its average volume of 1,780,632. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $2,840.00, a PE ratio of 19.47 and a beta of 0.50. Retail Properties of America has a 52-week low of $11.61 and a 52-week high of $15.81.
Retail Properties of America (NYSE:RPAI) last posted its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.25. The firm had revenue of $130.52 million during the quarter, compared to analysts’ expectations of $132.45 million. Retail Properties of America had a return on equity of 7.61% and a net margin of 28.84%. The business’s quarterly revenue was down 9.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS. equities research analysts forecast that Retail Properties of America will post 1.05 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th were paid a $0.1656 dividend. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $0.66 dividend on an annualized basis and a yield of 5.32%. Retail Properties of America’s dividend payout ratio (DPR) is 103.13%.
Retail Properties of America declared that its Board of Directors has initiated a share buyback program on Thursday, December 14th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Hedge funds have recently modified their holdings of the stock. Vident Investment Advisory LLC purchased a new position in Retail Properties of America in the 3rd quarter worth $135,000. Stratos Wealth Partners LTD. purchased a new position in shares of Retail Properties of America during the 3rd quarter valued at about $148,000. Profund Advisors LLC purchased a new position in shares of Retail Properties of America during the 2nd quarter valued at about $143,000. Laurion Capital Management LP purchased a new position in shares of Retail Properties of America during the 2nd quarter valued at about $153,000. Finally, SG Americas Securities LLC raised its stake in shares of Retail Properties of America by 3.5% during the 2nd quarter. SG Americas Securities LLC now owns 13,214 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 444 shares during the last quarter. Institutional investors own 79.13% of the company’s stock.
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Retail Properties of America Company Profile
Retail Properties of America, Inc is a real estate investment trust (REIT). The Company owns and operates shopping centers located in the United States. As of December 31, 2016, it owned 156 retail operating properties representing 25,832,000 square feet of gross leasable area (GLA). Its retail operating portfolio includes neighborhood and community centers, power centers, and lifestyle centers and multi-tenant retail-focused mixed-use properties, as well as single-user retail properties.
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