Retail Properties of America Inc (NYSE:RPAI) – Analysts at Jefferies Financial Group reduced their FY2018 earnings per share (EPS) estimates for Retail Properties of America in a report released on Monday, September 24th. Jefferies Financial Group analyst G. Hoglund now forecasts that the real estate investment trust will earn $1.01 per share for the year, down from their prior forecast of $1.02. Jefferies Financial Group has a “Hold” rating and a $13.00 price target on the stock. Jefferies Financial Group also issued estimates for Retail Properties of America’s FY2019 earnings at $1.05 EPS.

Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.20). The firm had revenue of $119.16 million during the quarter, compared to the consensus estimate of $120.92 million. Retail Properties of America had a net margin of 39.61% and a return on equity of 10.31%.

A number of other research analysts have also recently issued reports on the stock. Deutsche Bank raised shares of Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Tuesday, August 28th. Zacks Investment Research raised shares of Retail Properties of America from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. ValuEngine cut shares of Retail Properties of America from a “hold” rating to a “sell” rating in a research note on Monday, July 16th. Finally, JPMorgan Chase & Co. cut shares of Retail Properties of America from an “overweight” rating to a “neutral” rating in a research note on Friday, June 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $15.31.

Shares of NYSE:RPAI opened at $12.01 on Thursday. The company has a market capitalization of $2.67 billion, a P/E ratio of 12.05 and a beta of 0.26. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.82. Retail Properties of America has a 1 year low of $10.84 and a 1 year high of $13.64.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 10th. Shareholders of record on Tuesday, September 25th will be paid a dividend of $0.166 per share. The ex-dividend date is Monday, September 24th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.53%. Retail Properties of America’s payout ratio is presently 62.26%.

In other Retail Properties of America news, Director Gerald M. Gorski sold 3,962 shares of the business’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $12.61, for a total transaction of $49,960.82. Following the sale, the director now owns 55,129 shares of the company’s stock, valued at $695,176.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.49% of the company’s stock.

Large investors have recently modified their holdings of the company. Element Capital Management LLC acquired a new position in shares of Retail Properties of America during the first quarter worth $118,000. Commonwealth Bank of Australia lifted its holdings in shares of Retail Properties of America by 67.2% during the second quarter. Commonwealth Bank of Australia now owns 10,366 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 4,166 shares during the period. Assetmark Inc. lifted its holdings in shares of Retail Properties of America by 1,064.5% during the first quarter. Assetmark Inc. now owns 10,981 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 10,038 shares during the period. RFG Advisory Group LLC acquired a new position in shares of Retail Properties of America during the second quarter worth $143,000. Finally, IBM Retirement Fund acquired a new position in shares of Retail Properties of America during the first quarter worth $164,000. Institutional investors own 82.01% of the company’s stock.

About Retail Properties of America

Retail Properties of America, Inc is a REIT that owns and operates high quality, strategically located open-air shopping centers, including properties with a mixed-use component. As of June 30, 2018, the Company owned 105 retail operating properties in the United States representing 19.5 million square feet.

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Earnings History and Estimates for Retail Properties of America (NYSE:RPAI)

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