Retail Properties of America Inc (RPAI) Receives Consensus Rating of “Hold” from Analysts

Retail Properties of America Inc (NYSE:RPAI) has earned an average rating of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $16.14.

A number of equities analysts have recently weighed in on RPAI shares. Boenning Scattergood reissued a “buy” rating and set a $18.50 price target on shares of Retail Properties of America in a research report on Thursday, November 2nd. Robert W. Baird reissued a “buy” rating and set a $18.00 price target on shares of Retail Properties of America in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, October 11th. BidaskClub cut shares of Retail Properties of America from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 16th. Finally, Jefferies Group reissued a “hold” rating and set a $13.00 price target on shares of Retail Properties of America in a research report on Tuesday, August 29th.

Shares of Retail Properties of America (NYSE:RPAI) opened at $13.13 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. Retail Properties of America has a fifty-two week low of $11.61 and a fifty-two week high of $15.81. The company has a market cap of $2,961.38, a price-to-earnings ratio of 12.30 and a beta of 0.50.

Retail Properties of America (NYSE:RPAI) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. Retail Properties of America had a net margin of 28.84% and a return on equity of 7.61%. The firm had revenue of $130.52 million during the quarter, compared to analyst estimates of $132.45 million. During the same quarter in the previous year, the business earned $0.27 EPS. The business’s quarterly revenue was down 9.7% compared to the same quarter last year. equities analysts forecast that Retail Properties of America will post 1.05 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th will be given a $0.1656 dividend. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $0.66 annualized dividend and a yield of 5.05%. Retail Properties of America’s dividend payout ratio is currently 101.54%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Susquehanna International Group LLP lifted its position in Retail Properties of America by 91.3% in the 3rd quarter. Susquehanna International Group LLP now owns 296,476 shares of the real estate investment trust’s stock valued at $3,893,000 after acquiring an additional 141,476 shares in the last quarter. GSA Capital Partners LLP lifted its position in Retail Properties of America by 36.1% in the 3rd quarter. GSA Capital Partners LLP now owns 147,322 shares of the real estate investment trust’s stock valued at $1,934,000 after acquiring an additional 39,087 shares in the last quarter. Wolverine Trading LLC bought a new stake in Retail Properties of America in the 3rd quarter valued at $186,000. California Public Employees Retirement System lifted its position in Retail Properties of America by 7.6% in the 3rd quarter. California Public Employees Retirement System now owns 721,090 shares of the real estate investment trust’s stock valued at $9,468,000 after acquiring an additional 51,190 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in Retail Properties of America by 19.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 31,097 shares of the real estate investment trust’s stock valued at $408,000 after acquiring an additional 4,956 shares in the last quarter. 79.14% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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