$120.16 Million in Sales Expected for Retail Properties of America Inc (RPAI) This Quarter

Brokerages forecast that Retail Properties of America Inc (NYSE:RPAI) will announce $120.16 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Retail Properties of America’s earnings. The lowest sales estimate is $114.55 million and the highest is $124.13 million. Retail Properties of America reported sales of $143.69 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 16.4%. The company is expected to issue its next quarterly earnings report after the market closes on Tuesday, May 1st.

According to Zacks, analysts expect that Retail Properties of America will report full year sales of $483.63 million for the current year, with estimates ranging from $442.92 million to $513.74 million. For the next fiscal year, analysts anticipate that the company will post sales of $496.76 million per share, with estimates ranging from $445.86 million to $525.59 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Retail Properties of America.

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Retail Properties of America (NYSE:RPAI) last released its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.23. The business had revenue of $126.59 million for the quarter, compared to analyst estimates of $126.72 million. Retail Properties of America had a return on equity of 12.36% and a net margin of 46.73%.

Several equities analysts have recently weighed in on RPAI shares. ValuEngine lowered Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Jefferies Group set a $14.00 price objective on Retail Properties of America and gave the company a “hold” rating in a research note on Tuesday, February 13th. Boenning Scattergood set a $19.00 price objective on Retail Properties of America and gave the company a “buy” rating in a research note on Thursday, February 15th. Zacks Investment Research lowered Retail Properties of America from a “hold” rating to a “sell” rating in a research note on Thursday, February 15th. Finally, Citigroup reduced their price objective on Retail Properties of America from $15.00 to $14.50 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $15.79.

NYSE RPAI opened at $11.64 on Friday. The stock has a market capitalization of $2,551.91, a PE ratio of 10.98 and a beta of 0.31. Retail Properties of America has a 1-year low of $10.94 and a 1-year high of $14.70. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.93.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 10th. Investors of record on Tuesday, March 27th were issued a dividend of $0.1656 per share. The ex-dividend date of this dividend was Monday, March 26th. This represents a $0.66 annualized dividend and a dividend yield of 5.69%. Retail Properties of America’s payout ratio is currently 62.26%.

Large investors have recently made changes to their positions in the stock. Vident Investment Advisory LLC purchased a new stake in shares of Retail Properties of America during the 3rd quarter valued at about $135,000. Certified Advisory Corp purchased a new stake in shares of Retail Properties of America during the 4th quarter valued at about $142,000. Public Employees Retirement Association of Colorado raised its holdings in shares of Retail Properties of America by 60.6% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 11,668 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 4,403 shares during the period. Capital Analysts LLC raised its holdings in shares of Retail Properties of America by 808.6% during the 4th quarter. Capital Analysts LLC now owns 15,474 shares of the real estate investment trust’s stock valued at $3,642,000 after buying an additional 13,771 shares during the period. Finally, Two Sigma Securities LLC purchased a new stake in shares of Retail Properties of America during the 4th quarter valued at about $230,000. Institutional investors and hedge funds own 81.12% of the company’s stock.

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Retail Properties of America Company Profile

Retail Properties of America, Inc is a REIT that owns and operates high quality, strategically located shopping centers in the United States. As of December 31, 2017, the Company owned 112 retail operating properties representing 20.3 million square feet. The Company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI.

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Earnings History and Estimates for Retail Properties of America (NYSE:RPAI)

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