Shares of Retail Properties of America Inc (NYSE:RPAI) hit a new 52-week high and low during trading on Tuesday . The stock traded as low as $10.84 and last traded at $10.95, with a volume of 563745 shares traded. The stock had previously closed at $10.96.
Several analysts have recently commented on RPAI shares. ValuEngine cut Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Jefferies Group set a $14.00 target price on Retail Properties of America and gave the stock a “hold” rating in a research report on Tuesday, February 13th. Boenning Scattergood set a $19.00 target price on Retail Properties of America and gave the stock a “buy” rating in a research report on Thursday, February 15th. Zacks Investment Research cut Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. Finally, Citigroup decreased their target price on Retail Properties of America from $15.00 to $14.50 and set a “buy” rating for the company 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 assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $15.79.
The company has a debt-to-equity ratio of 0.93, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $2,396.12, a PE ratio of 10.27 and a beta of 0.31.
Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.23. Retail Properties of America had a return on equity of 12.36% and a net margin of 46.73%. The business had revenue of $126.59 million during the quarter, compared to analyst estimates of $126.72 million. sell-side analysts expect that Retail Properties of America Inc will post 1.01 EPS for the current fiscal year.
The company also recently disclosed 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 was Monday, March 26th. This represents a $0.66 annualized dividend and a dividend yield of 6.03%. Retail Properties of America’s dividend payout ratio is 62.26%.
Several large investors have recently made changes to their positions in the stock. Certified Advisory Corp purchased a new stake in shares of Retail Properties of America during the fourth quarter worth $142,000. D.B. Root & Company LLC purchased a new stake in shares of Retail Properties of America during the fourth quarter worth $670,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Retail Properties of America during the fourth quarter worth $301,000. Envestnet Asset Management Inc. purchased a new stake in shares of Retail Properties of America during the fourth quarter worth $2,065,000. Finally, Westwood Holdings Group Inc. raised 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 acquiring an additional 27,987 shares in the last quarter. Institutional investors and hedge funds own 81.26% of the company’s stock.
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About Retail Properties of America
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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