Retail Properties of America Inc (NYSE:RPAI) – Research analysts at KeyCorp raised their FY2018 earnings estimates for Retail Properties of America in a report released on Tuesday. KeyCorp analyst T. Thomas now anticipates that the real estate investment trust will post earnings of $1.06 per share for the year, up from their previous forecast of $1.05. KeyCorp has a “Overweight” rating and a $16.00 price target on the stock. KeyCorp also issued estimates for Retail Properties of America’s FY2019 earnings at $1.12 EPS.

Other research analysts have also issued reports about the stock. Boenning Scattergood restated 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 restated 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 upgraded shares of Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday, October 11th. BidaskClub lowered 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 restated 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $15.94.

Retail Properties of America (NYSE:RPAI) traded up $0.14 on Thursday, hitting $13.08. 1,282,491 shares of the stock were exchanged, compared to its average volume of 1,802,733. The stock has a market cap of $2,975.01, a price-to-earnings ratio of 20.12 and a beta of 0.50. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.89 and a quick ratio of 0.89. Retail Properties of America has a 12-month low of $11.61 and a 12-month high of $15.81.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vident Investment Advisory LLC bought a new stake in Retail Properties of America in the third quarter worth $135,000. Profund Advisors LLC bought a new stake in Retail Properties of America in the second quarter worth $143,000. Brookstone Capital Management bought a new stake in Retail Properties of America in the second quarter worth $146,000. Stratos Wealth Partners LTD. bought a new stake in Retail Properties of America in the third quarter worth $148,000. Finally, Laurion Capital Management LP bought a new stake in Retail Properties of America in the second quarter worth $153,000. 79.13% of the stock is owned by institutional investors.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders 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 dividend yield of 5.07%. The ex-dividend date of this dividend is Friday, December 22nd. Retail Properties of America’s dividend payout ratio is currently 101.54%.

Retail Properties of America announced that its board has authorized a stock repurchase program on Thursday, December 14th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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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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