Retail Properties of America Stock Rating Reaffirmed by Deutsche Bank (RPAI)
Retail Properties of America (NASDAQ:RPAI)‘s stock had its “buy” rating reissued by equities research analysts at Deutsche Bank in a research note issued to investors on Wednesday. They currently have a $17.00 price target on the stock, up from their previous price target of $16.00. Deutsche Bank’s price objective would indicate a potential upside of 9.18% from the stock’s previous close.
Retail Properties of America (NASDAQ:RPAI) traded up 0.77% during mid-day trading on Wednesday, hitting $15.69. The stock had a trading volume of 516,086 shares. Retail Properties of America has a 52 week low of $12.07 and a 52 week high of $15.85. The stock has a 50-day moving average of $15.36 and a 200-day moving average of $14.54. The company has a market cap of $3.706 billion and a P/E ratio of 107.38.
Retail Properties of America (NASDAQ:RPAI) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.03. On average, analysts predict that Retail Properties of America will post $1.03 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 10th. Stockholders of record on Friday, September 26th will be given a dividend of $0.1656 per share. This represents a $0.66 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Wednesday, September 24th.
Retail Properties of America, Inc, formerly Inland Western Retail Real Estate Trust, Inc is a fully integrated, self administered and self-managed real estate company that owns and operates shopping centers.
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