Analysts expect that Retail Properties of America, Inc. (NYSE:RPAI) will report $0.24 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Retail Properties of America’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.20. Retail Properties of America posted earnings per share of $0.07 during the same quarter last year, which indicates a positive year over year growth rate of 242.9%. The company is scheduled to issue its next earnings results on Tuesday, February 13th.

According to Zacks, analysts expect that Retail Properties of America will report full-year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $1.04 to $1.06. For the next financial year, analysts anticipate that the business will report earnings of $1.04 per share, with EPS estimates ranging from $0.98 to $1.07. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Retail Properties of America.

Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. Retail Properties of America had a return on equity of 7.61% and a net margin of 28.84%. The business had revenue of $130.52 million for the quarter, compared to analysts’ expectations of $132.45 million. During the same period in the previous year, the business posted $0.27 EPS. The firm’s quarterly revenue was down 9.7% compared to the same quarter last year.

A number of equities research analysts recently issued reports on the company. Boenning Scattergood restated a “buy” rating and issued a $18.50 price objective on shares of Retail Properties of America in a research note on Thursday, November 2nd. Robert W. Baird restated a “buy” rating and issued a $18.00 price objective on shares of Retail Properties of America in a research note on Wednesday, November 1st. BidaskClub cut Retail Properties of America from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Zacks Investment Research cut Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $13.00 price objective on shares of Retail Properties of America in a research note on Tuesday, August 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $16.00.

Shares of Retail Properties of America (NYSE:RPAI) traded up $0.08 during trading on Thursday, reaching $12.92. The company had a trading volume of 1,875,300 shares, compared to its average volume of 1,833,698. 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 $2,983.78, a PE ratio of 12.19 and a beta of 0.48. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.84.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 27th will be issued a dividend of $0.1656 per share. This represents a $0.66 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date of this dividend is Friday, December 22nd. Retail Properties of America’s payout ratio is presently 101.54%.

In other Retail Properties of America news, Director Gerald M. Gorski sold 4,790 shares of Retail Properties of America stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $13.59, for a total transaction of $65,096.10. Following the completion of the transaction, the director now owns 46,907 shares of the company’s stock, valued at approximately $637,466.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. MAI Capital Management grew its holdings in Retail Properties of America by 0.3% during the 2nd quarter. MAI Capital Management now owns 27,904 shares of the real estate investment trust’s stock valued at $341,000 after buying an additional 80 shares in the last quarter. GAM Holding AG grew its holdings in shares of Retail Properties of America by 0.5% during the second quarter. GAM Holding AG now owns 20,117 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 110 shares in the last quarter. First Allied Advisory Services Inc. grew its holdings in shares of Retail Properties of America by 1.6% during the second quarter. First Allied Advisory Services Inc. now owns 14,290 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 222 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Retail Properties of America by 1.1% during the second quarter. HighTower Advisors LLC now owns 22,179 shares of the real estate investment trust’s stock worth $273,000 after purchasing an additional 248 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Retail Properties of America by 3.5% during the second quarter. SG Americas Securities LLC now owns 13,214 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 444 shares in the last quarter. 79.10% of the stock is 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.

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