Retail Properties of America, Inc. (NYSE:RPAI) has been assigned a consensus rating of “Hold” from the nine analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $15.90.

RPAI has been the subject of a number of recent analyst reports. Jefferies Group LLC set a $16.00 target price on shares of Retail Properties of America and gave the company a “hold” rating in a report on Saturday, March 25th. Zacks Investment Research downgraded shares of Retail Properties of America from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. ValuEngine downgraded shares of Retail Properties of America from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Citigroup Inc. restated a “buy” rating and issued a $16.00 target price (down from $18.00) on shares of Retail Properties of America in a report on Tuesday, June 6th. Finally, BidaskClub upgraded shares of Retail Properties of America from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th.

Retail Properties of America (NYSE:RPAI) traded up 0.910% during mid-day trading on Monday, hitting $12.755. 164,734 shares of the stock traded hands. The firm’s 50-day moving average is $12.48 and its 200-day moving average is $14.14. Retail Properties of America has a 12-month low of $11.61 and a 12-month high of $17.78. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 30.297 and a beta of 0.45.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Monday, June 26th were paid a dividend of $0.1656 per share. The ex-dividend date of this dividend was Thursday, June 22nd. This represents a $0.66 annualized dividend and a yield of 5.24%. Retail Properties of America’s dividend payout ratio is currently 153.49%.

In other Retail Properties of America news, Director Thomas J. Sargeant acquired 3,900 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was bought at an average cost of $12.82 per share, for a total transaction of $49,998.00. Following the completion of the purchase, the director now directly owns 39,392 shares in the company, valued at $505,005.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard P. Imperiale acquired 4,500 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were acquired at an average price of $12.61 per share, with a total value of $56,745.00. Following the completion of the purchase, the director now owns 37,602 shares of the company’s stock, valued at $474,161.22. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 10,450 shares of company stock valued at $132,717. 0.40% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its position in Retail Properties of America by 5.7% in the second quarter. State of Alaska Department of Revenue now owns 170,470 shares of the real estate investment trust’s stock worth $2,080,000 after buying an additional 9,160 shares during the last quarter. NN Investment Partners Holdings N.V. boosted its position in Retail Properties of America by 83.7% in the second quarter. NN Investment Partners Holdings N.V. now owns 46,300 shares of the real estate investment trust’s stock worth $565,000 after buying an additional 21,100 shares during the last quarter. Bank of Montreal Can boosted its position in Retail Properties of America by 194.7% in the second quarter. Bank of Montreal Can now owns 100,747 shares of the real estate investment trust’s stock worth $1,230,000 after buying an additional 66,565 shares during the last quarter. Koshinski Asset Management Inc. boosted its position in Retail Properties of America by 159.5% in the second quarter. Koshinski Asset Management Inc. now owns 95,490 shares of the real estate investment trust’s stock worth $1,166,000 after buying an additional 58,691 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in Retail Properties of America by 15.9% in the first quarter. Nuveen Asset Management LLC now owns 1,319,301 shares of the real estate investment trust’s stock worth $19,024,000 after buying an additional 181,303 shares during the last quarter. Institutional investors own 78.66% of the company’s stock.

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Retail Properties of America Company Profile

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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