Retail Properties of America Inc (RPAI) Receives $15.42 Consensus PT from Analysts

Shares of Retail Properties of America Inc (NYSE:RPAI) have been assigned an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $15.42.

Several research firms recently issued reports on RPAI. Zacks Investment Research downgraded shares of Retail Properties of America from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. Boenning Scattergood set a $16.00 price objective on shares of Retail Properties of America and gave the stock a “buy” rating in a report on Thursday, May 3rd. Jefferies Group set a $14.00 price target on shares of Retail Properties of America and gave the company a “hold” rating in a report on Tuesday, February 13th. ValuEngine downgraded shares of Retail Properties of America from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Finally, Citigroup reduced their price target on shares of Retail Properties of America from $15.00 to $14.50 and set a “buy” rating for the company in a report on Wednesday, February 21st.

A number of institutional investors have recently modified their holdings of the business. Zimmer Partners LP boosted its holdings in Retail Properties of America by 96.2% in the 1st quarter. Zimmer Partners LP now owns 2,600,000 shares of the real estate investment trust’s stock valued at $30,316,000 after purchasing an additional 1,275,000 shares during the period. Assetmark Inc. boosted its holdings in Retail Properties of America by 1,064.5% in the 1st quarter. Assetmark Inc. now owns 10,981 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 10,038 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in Retail Properties of America by 49.4% in the 1st quarter. Cubist Systematic Strategies LLC now owns 62,048 shares of the real estate investment trust’s stock valued at $723,000 after purchasing an additional 20,517 shares during the period. LPL Financial LLC boosted its holdings in Retail Properties of America by 20.9% in the 1st quarter. LPL Financial LLC now owns 160,812 shares of the real estate investment trust’s stock valued at $1,875,000 after purchasing an additional 27,833 shares during the period. Finally, Jane Street Group LLC boosted its holdings in Retail Properties of America by 126.2% in the 1st quarter. Jane Street Group LLC now owns 60,907 shares of the real estate investment trust’s stock valued at $710,000 after purchasing an additional 33,986 shares during the period. 79.45% of the stock is owned by hedge funds and other institutional investors.

Retail Properties of America opened at $11.22 on Friday, according to MarketBeat. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.85. The firm has a market cap of $2.51 billion, a P/E ratio of 11.10 and a beta of 0.30. Retail Properties of America has a 1 year low of $11.19 and a 1 year high of $11.34.

Retail Properties of America (NYSE:RPAI) last posted 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. The business had revenue of $126.59 million during the quarter, compared to the consensus estimate of $126.72 million. Retail Properties of America had a net margin of 58.23% and a return on equity of 15.25%. equities research analysts expect that Retail Properties of America will post 1.01 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 10th. Shareholders of record on Tuesday, June 26th will be issued a $0.166 dividend. The ex-dividend date is Monday, June 25th. This is an increase from Retail Properties of America’s previous quarterly dividend of $0.17. This represents a $0.66 dividend on an annualized basis and a yield of 5.92%. Retail Properties of America’s dividend payout ratio is 62.26%.

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.

Analyst Recommendations for Retail Properties of America (NYSE:RPAI)

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