Retail Properties of America Inc (NYSE:RPAI) – Stock analysts at Jefferies Group reduced their FY2019 EPS estimates for shares of Retail Properties of America in a research report issued on Thursday, April 12th. Jefferies Group analyst G. Hoglund now expects that the real estate investment trust will post earnings per share of $1.06 for the year, down from their previous estimate of $1.09. Jefferies Group has a “Hold” rating and a $13.00 price objective on the stock.
A number of other equities analysts have also issued reports on RPAI. Zacks Investment Research lowered shares of Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Thursday, March 8th. ValuEngine lowered shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Boenning Scattergood set a $19.00 target price on shares of Retail Properties of America and gave the stock a “buy” rating in a research report on Thursday, February 15th. Finally, Citigroup lowered their target price on shares of Retail Properties of America from $15.00 to $14.50 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $15.79.
Shares of RPAI opened at $11.71 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $2,554.11, a PE ratio of 11.05 and a beta of 0.31. Retail Properties of America has a 12-month low of $10.94 and a 12-month high of $14.70.
Retail Properties of America (NYSE:RPAI) last announced its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 46.73% and a return on equity of 12.36%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Certified Advisory Corp acquired a new stake in shares of Retail Properties of America during the fourth quarter worth $142,000. D.B. Root & Company LLC acquired a new stake in shares of Retail Properties of America during the fourth quarter worth $670,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Retail Properties of America during the fourth quarter worth $301,000. Envestnet Asset Management Inc. acquired a new stake in shares of Retail Properties of America during the fourth quarter worth $2,065,000. Finally, Westwood Holdings Group Inc. lifted its holdings in shares of Retail Properties of America by 44.2% during the fourth quarter. Westwood Holdings Group Inc. now owns 91,337 shares of the real estate investment trust’s stock worth $1,228,000 after purchasing an additional 27,987 shares during the period. 81.11% of the stock is owned by hedge funds and other institutional investors.
The business also recently declared 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. This represents a $0.66 annualized dividend and a dividend yield of 5.66%. The ex-dividend date of this dividend was Monday, March 26th. Retail Properties of America’s dividend payout ratio is presently 62.26%.
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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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