Retail Properties of America (NYSE:RPAI) was upgraded by equities researchers at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a report released on Friday. The brokerage currently has a $15.00 price target on the real estate investment trust’s stock. J P Morgan Chase & Co’s price objective indicates a potential upside of 12.95% from the stock’s previous close.

RPAI has been the topic of several other research reports. BidaskClub raised Retail Properties of America from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 9th. KeyCorp raised Retail Properties of America from a “sector weight” rating to an “overweight” rating and set a $16.00 price objective on the stock in a report on Monday, November 20th. Zacks Investment Research downgraded Retail Properties of America from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Boenning Scattergood reaffirmed a “buy” rating and set a $18.50 price objective on shares of Retail Properties of America in a report on Thursday, November 2nd. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $18.00 price objective on shares of Retail Properties of America in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $15.94.

Retail Properties of America (NYSE:RPAI) opened at $13.28 on Friday. Retail Properties of America has a 1-year low of $11.61 and a 1-year high of $15.81. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $2,965.93, a price-to-earnings ratio of 12.32 and a beta of 0.50.

Retail Properties of America (NYSE:RPAI) last posted its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting the 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 firm had revenue of $130.52 million for the quarter, compared to the consensus estimate of $132.45 million. During the same quarter in the prior year, the business earned $0.27 EPS. The business’s revenue for the quarter was down 9.7% compared to the same quarter last year. equities analysts expect that Retail Properties of America will post 1.05 earnings per share for the current year.

Retail Properties of America announced that its Board of Directors has approved a stock repurchase plan on Thursday, December 14th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Several institutional investors have recently modified their holdings of RPAI. Barings LLC bought a new stake in shares of Retail Properties of America during the 3rd quarter valued at $16,933,000. Numeric Investors LLC raised its position in shares of Retail Properties of America by 10,872.3% during the 2nd quarter. Numeric Investors LLC now owns 1,108,199 shares of the real estate investment trust’s stock valued at $13,531,000 after acquiring an additional 1,098,099 shares during the last quarter. Balyasny Asset Management LLC increased its position in shares of Retail Properties of America by 135.1% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,493,991 shares of the real estate investment trust’s stock valued at $18,242,000 after buying an additional 858,409 shares in the last quarter. LSV Asset Management increased its position in shares of Retail Properties of America by 81.8% in the 2nd quarter. LSV Asset Management now owns 1,599,700 shares of the real estate investment trust’s stock valued at $19,532,000 after buying an additional 719,900 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Retail Properties of America by 1,668.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 651,843 shares of the real estate investment trust’s stock valued at $7,959,000 after buying an additional 614,988 shares in the last quarter. Institutional investors own 79.14% of the company’s stock.

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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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