Retail Properties of America Inc. (NYSE:RPAI) Given Average Rating of “Buy” by Brokerages
Retail Properties of America Inc. (NYSE:RPAI) has received an average recommendation of “Buy” from the ten ratings firms that are currently covering the stock. Four equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $16.38.
Several brokerages recently commented on RPAI. Deutsche Bank AG reiterated a “buy” rating on shares of Retail Properties of America in a report on Saturday, June 4th. Zacks Investment Research upgraded Retail Properties of America from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday, August 2nd. TheStreet upgraded Retail Properties of America from a “hold” rating to a “buy” rating in a report on Tuesday, August 2nd. Citigroup Inc. increased their price target on Retail Properties of America from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. Finally, Jefferies Group began coverage on Retail Properties of America in a report on Thursday, June 30th. They set a “hold” rating and a $17.50 price target on the stock.
Several institutional investors have recently modified their holdings of RPAI. Quantbot Technologies LP purchased a new position in shares of Retail Properties of America during the second quarter worth $112,000. Invictus RG purchased a new position in shares of Retail Properties of America during the first quarter worth $124,000. Creative Planning raised its position in shares of Retail Properties of America by 17.3% in the second quarter. Creative Planning now owns 7,420 shares of the company’s stock worth $125,000 after buying an additional 1,096 shares during the last quarter. First Quadrant L P CA purchased a new position in shares of Retail Properties of America during the second quarter worth $149,000. Finally, Timber Hill LLC purchased a new position in shares of Retail Properties of America during the second quarter worth $174,000. 79.85% of the stock is currently owned by institutional investors.
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Shares of Retail Properties of America (NYSE:RPAI) traded down 0.18% on Tuesday, reaching $16.59. The company’s stock had a trading volume of 487,912 shares. Retail Properties of America has a 52-week low of $13.68 and a 52-week high of $17.78. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 26.63 and a beta of 0.40. The stock has a 50-day moving average of $16.93 and a 200 day moving average of $16.43.
Retail Properties of America (NYSE:RPAI) last announced its earnings results on Tuesday, August 2nd. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.05. Retail Properties of America had a return on equity of 7.27% and a net margin of 26.42%. During the same period in the previous year, the firm earned $0.26 EPS. On average, equities research analysts forecast that Retail Properties of America will post $1.07 earnings per share for the current year.
The company also recently announced a dividend, which will be paid on Friday, October 7th. Stockholders of record on Monday, September 26th will be given a dividend of $0.166 per share. The ex-dividend date is Thursday, September 22nd. Retail Properties of America’s payout ratio is 106.45%.
About Retail Properties of America
Retail Properties of America, Inc, formerly Inland Western Retail Real Estate Trust, Inc, is a real estate investment trust (REIT). The Company owns and operates shopping centers in the United States. The Company’s retail operating portfolio includes power centers, neighborhood and community centers, and lifestyle centers and predominantly multi-tenant retail mixed-use properties, as well as single-user retail properties.
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