Retail Properties of America (NYSE:RPAI) has been given a $14.00 target price by Jefferies Group in a research note issued to investors on Friday. The firm currently has a “hold” rating on the real estate investment trust’s stock. Jefferies Group’s price objective points to a potential upside of 5.42% from the stock’s previous close. Jefferies Group also issued estimates for Retail Properties of America’s Q4 2017 earnings at $0.24 EPS, FY2018 earnings at $1.02 EPS and FY2019 earnings at $1.07 EPS.

Several other research analysts have also weighed in on the company. BidaskClub upgraded Retail Properties of America from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 9th. Zacks Investment Research upgraded Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, October 11th. KeyCorp upgraded Retail Properties of America from a “sector weight” rating to an “overweight” rating and set a $16.00 target price on the stock in a report on Monday, November 20th. Robert W. Baird reiterated a “buy” rating and set a $18.00 target price on shares of Retail Properties of America in a report on Wednesday, November 1st. Finally, Boenning Scattergood reiterated a “buy” rating and set a $18.50 target price on shares of Retail Properties of America in a report on Thursday, November 2nd. One equities research 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 company presently has a consensus rating of “Hold” and an average price target of $15.94.

Retail Properties of America (NYSE RPAI) opened at $13.28 on Friday. Retail Properties of America has a 12-month low of $11.61 and a 12-month high of $15.81. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.89 and a quick ratio of 0.89. 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 earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $130.52 million for the quarter, compared to analyst estimates of $132.45 million. Retail Properties of America had a return on equity of 7.61% and a net margin of 28.84%. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. research analysts anticipate that Retail Properties of America will post 1.05 earnings per share for the current fiscal year.

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

Several institutional investors have recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Retail Properties of America by 1.0% in the second quarter. State Street Corp now owns 7,679,197 shares of the real estate investment trust’s stock valued at $93,762,000 after purchasing an additional 73,268 shares in the last quarter. AEW Capital Management L P lifted its holdings in shares of Retail Properties of America by 1.3% in the third quarter. AEW Capital Management L P now owns 6,265,793 shares of the real estate investment trust’s stock valued at $82,270,000 after purchasing an additional 78,700 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Retail Properties of America by 5.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 5,010,028 shares of the real estate investment trust’s stock valued at $65,782,000 after purchasing an additional 271,866 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Retail Properties of America by 9.4% in the second quarter. Prudential Financial Inc. now owns 4,774,697 shares of the real estate investment trust’s stock valued at $58,299,000 after purchasing an additional 411,257 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Retail Properties of America by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 3,384,350 shares of the real estate investment trust’s stock valued at $44,437,000 after purchasing an additional 65,564 shares in the last quarter. Institutional investors own 79.14% of the company’s stock.

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About Retail Properties of America

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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