Wall Street analysts expect that Retail Properties of America Inc (NYSE:RPAI) will announce $0.26 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Retail Properties of America’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.25. Retail Properties of America reported earnings per share of $0.25 in the same quarter last year, which would suggest a positive year over year growth rate of 4%. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, April 30th.

According to Zacks, analysts expect that Retail Properties of America will report full-year earnings of $1.05 per share for the current financial year, with EPS estimates ranging from $1.04 to $1.05. For the next fiscal year, analysts forecast that the firm will post earnings of $1.08 per share, with EPS estimates ranging from $1.06 to $1.12. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Retail Properties of America.

Retail Properties of America (NYSE:RPAI) last released its quarterly earnings results on Tuesday, February 12th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. Retail Properties of America had a net margin of 16.09% and a return on equity of 4.24%. The business had revenue of $119.30 million for the quarter, compared to analyst estimates of $119.77 million. During the same period in the previous year, the company earned $0.25 earnings per share. The business’s revenue for the quarter was down 5.7% on a year-over-year basis.

Separately, Zacks Investment Research raised shares of Retail Properties of America from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Friday, March 8th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $14.43.

NYSE RPAI traded up $0.20 on Tuesday, hitting $12.07. The stock had a trading volume of 928,902 shares, compared to its average volume of 1,581,252. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.93. Retail Properties of America has a 52-week low of $10.57 and a 52-week high of $13.40. The firm has a market capitalization of $2.60 billion, a P/E ratio of 11.72, a P/E/G ratio of 3.53 and a beta of 0.57.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 27th were issued a dividend of $0.1656 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date was Tuesday, March 26th. Retail Properties of America’s dividend payout ratio (DPR) is presently 64.08%.

Institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC grew its holdings in shares of Retail Properties of America by 68.8% during the fourth quarter. CWM LLC now owns 3,697 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 1,507 shares during the last quarter. We Are One Seven LLC acquired a new position in Retail Properties of America during the fourth quarter valued at $43,000. Pearl River Capital LLC acquired a new position in Retail Properties of America during the fourth quarter valued at $71,000. Chicago Equity Partners LLC acquired a new position in Retail Properties of America during the fourth quarter valued at $133,000. Finally, Stevens Capital Management LP acquired a new position in Retail Properties of America during the fourth quarter valued at $142,000. 84.54% of the stock is currently owned by hedge funds and other institutional investors.

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 December 31, 2018, the Company owned 105 retail operating properties in the United States representing 20.1 million square feet.

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

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