Retail Properties of America Inc (NYSE:RPAI) – Equities research analysts at Jefferies Financial Group boosted their FY2018 earnings per share estimates for shares of Retail Properties of America in a report released on Wednesday, August 15th. Jefferies Financial Group analyst G. Hoglund now forecasts that the real estate investment trust will earn $1.02 per share for the year, up from their previous estimate of $1.00. Jefferies Financial Group has a “Hold” rating and a $13.00 price objective on the stock.

RPAI has been the topic of several other reports. Zacks Investment Research downgraded Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Wednesday, July 18th. ValuEngine downgraded Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Boenning Scattergood set a $16.00 price target on Retail Properties of America and gave the company a “buy” rating in a research report on Thursday, May 3rd. Finally, JPMorgan Chase & Co. downgraded Retail Properties of America from an “overweight” rating to a “neutral” rating in a research report on Friday, June 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Retail Properties of America has a consensus rating of “Hold” and a consensus target price of $15.36.

NYSE RPAI opened at $12.55 on Monday. Retail Properties of America has a fifty-two week low of $10.84 and a fifty-two week high of $13.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 11.84 and a beta of 0.30.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Bank of Australia grew its position in 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 buying an additional 4,166 shares in the last quarter. Swiss National Bank grew its position in Retail Properties of America by 1.1% during the first quarter. Swiss National Bank now owns 401,274 shares of the real estate investment trust’s stock worth $4,679,000 after buying an additional 4,500 shares in the last quarter. Quantbot Technologies LP grew its position in Retail Properties of America by 16.2% during the first quarter. Quantbot Technologies LP now owns 34,537 shares of the real estate investment trust’s stock worth $402,000 after buying an additional 4,803 shares in the last quarter. Sei Investments Co. grew its position in Retail Properties of America by 0.5% during the second quarter. Sei Investments Co. now owns 1,130,136 shares of the real estate investment trust’s stock worth $14,444,000 after buying an additional 5,345 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in Retail Properties of America by 11.4% during the second quarter. BNP Paribas Arbitrage SA now owns 53,417 shares of the real estate investment trust’s stock worth $683,000 after buying an additional 5,453 shares in the last quarter. 81.59% of the stock is currently owned by institutional investors and hedge funds.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 10th. Stockholders of record on Tuesday, September 25th will be given a $0.166 dividend. This represents a $0.66 annualized dividend and a dividend yield of 5.29%. The ex-dividend date of this dividend is Monday, September 24th. Retail Properties of America’s dividend payout ratio is currently 62.26%.

Retail Properties of America Company Profile

Retail Properties of America, Inc is a REIT that owns and operates high quality, strategically located shopping centers in the United States. As of March 31, 2018, the Company owned 106 retail operating properties representing 19.5 million square feet. The Company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI.

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

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