Retail Properties of America (NYSE:RPAI) Reaches New 1-Year High at $12.23

Retail Properties of America, Inc. (NYSE:RPAI)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $12.23 and last traded at $12.10, with a volume of 2135 shares. The stock had previously closed at $12.11.

Several equities research analysts have recently commented on RPAI shares. KeyCorp reiterated a “sector weight” rating on shares of Retail Properties of America in a research note on Wednesday, March 10th. Robert W. Baird reiterated a “neutral” rating on shares of Retail Properties of America in a research note on Monday, April 19th. Zacks Investment Research downgraded shares of Retail Properties of America from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Retail Properties of America from $10.00 to $12.00 and gave the stock a “hold” rating in a research note on Thursday, April 15th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Retail Properties of America has an average rating of “Hold” and an average price target of $8.80.

The business’s 50-day simple moving average is $11.27 and its two-hundred day simple moving average is $9.59. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 89.39 and a beta of 1.68. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.10.

Retail Properties of America (NYSE:RPAI) last issued its quarterly earnings data on Tuesday, May 4th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.18). Retail Properties of America had a return on equity of 1.48% and a net margin of 6.51%. On average, analysts expect that Retail Properties of America, Inc. will post 0.86 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 9th. Shareholders of record on Friday, March 26th were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, March 25th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.41%. This is an increase from Retail Properties of America’s previous quarterly dividend of $0.06. Retail Properties of America’s dividend payout ratio is 25.93%.

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of Retail Properties of America by 9.3% in the fourth quarter. BlackRock Inc. now owns 40,606,751 shares of the real estate investment trust’s stock worth $347,593,000 after acquiring an additional 3,462,832 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Retail Properties of America by 37.5% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,743,087 shares of the real estate investment trust’s stock valued at $57,721,000 after acquiring an additional 1,839,236 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Retail Properties of America by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,331,860 shares of the real estate investment trust’s stock valued at $28,521,000 after acquiring an additional 84,137 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Retail Properties of America by 20.7% during the 4th quarter. JPMorgan Chase & Co. now owns 3,300,631 shares of the real estate investment trust’s stock valued at $28,254,000 after acquiring an additional 565,203 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Retail Properties of America by 209.7% during the 1st quarter. Russell Investments Group Ltd. now owns 3,286,782 shares of the real estate investment trust’s stock valued at $34,443,000 after acquiring an additional 2,225,611 shares in the last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.

Retail Properties of America Company Profile (NYSE:RPAI)

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 September 30, 2020, the Company owned 102 retail operating properties in the United States representing 20.0 million square feet.

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