Equities analysts expect Retail Properties of America, Inc. (NYSE:RPAI) to report earnings per share (EPS) of $0.25 for the current quarter, Zacks reports. Five analysts have made estimates for Retail Properties of America’s earnings. The lowest EPS estimate is $0.23 and the highest is $0.25. Retail Properties of America reported earnings of $0.27 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 7.4%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, November 7th.

On average, analysts expect that Retail Properties of America will report full-year earnings of $1.03 per share for the current fiscal year, with EPS estimates ranging from $1.03 to $1.04. For the next fiscal year, analysts forecast that the company will report earnings of $1.05 per share, with EPS estimates ranging from $0.97 to $1.10. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Retail Properties of America.

Retail Properties of America (NYSE:RPAI) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. Retail Properties of America had a return on equity of 9.20% and a net margin of 34.57%. The company had revenue of $137.34 million for the quarter, compared to analysts’ expectations of $135.81 million. During the same quarter last year, the business earned $0.31 earnings per share. Retail Properties of America’s revenue was down 6.7% on a year-over-year basis.

Several equities analysts have recently commented on RPAI shares. Zacks Investment Research lowered Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. ValuEngine lowered Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC increased their price objective on Retail Properties of America to $16.00 and gave the company a “hold” rating in a research report on Monday, June 5th. Citigroup Inc. reiterated a “buy” rating and set a $16.00 price objective (down from $18.00) on shares of Retail Properties of America in a research report on Tuesday, June 6th. Finally, BidaskClub upgraded Retail Properties of America from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.08.

In related news, COO Shane C. Garrison purchased 2,050 shares of Retail Properties of America stock in a transaction that occurred on Friday, May 19th. The shares were acquired at an average cost of $12.67 per share, for a total transaction of $25,973.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas J. Sargeant purchased 3,900 shares of Retail Properties of America stock in a transaction that occurred on Tuesday, May 9th. The shares were bought at an average price of $12.82 per share, for a total transaction of $49,998.00. Following the completion of the transaction, the director now owns 39,392 shares in the company, valued at $505,005.44. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 10,450 shares of company stock worth $132,717. 0.40% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY raised its position in Retail Properties of America by 1.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 19,817 shares of the real estate investment trust’s stock valued at $304,000 after buying an additional 343 shares during the last quarter. Quadrature Capital Ltd bought a new position in Retail Properties of America during the fourth quarter valued at about $648,000. Teachers Advisors LLC raised its position in Retail Properties of America by 38.1% in the fourth quarter. Teachers Advisors LLC now owns 322,089 shares of the real estate investment trust’s stock valued at $4,938,000 after buying an additional 88,836 shares during the last quarter. Bank of Montreal Can raised its position in Retail Properties of America by 9.6% in the first quarter. Bank of Montreal Can now owns 34,182 shares of the real estate investment trust’s stock valued at $493,000 after buying an additional 3,000 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in Retail Properties of America by 25.0% in the first quarter. State of Alaska Department of Revenue now owns 161,310 shares of the real estate investment trust’s stock valued at $2,325,000 after buying an additional 32,240 shares during the last quarter. Institutional investors and hedge funds own 77.59% of the company’s stock.

Retail Properties of America (NYSE:RPAI) opened at 13.45 on Monday. Retail Properties of America has a 52-week low of $11.61 and a 52-week high of $17.59. The firm has a 50-day moving average price of $12.55 and a 200-day moving average price of $13.72. The company has a market cap of $3.15 billion, a PE ratio of 17.03 and a beta of 0.47.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Tuesday, September 26th will be given a dividend of $0.1656 per share. The ex-dividend date is Monday, September 25th. This represents a $0.66 annualized dividend and a dividend yield of 4.93%. Retail Properties of America’s dividend payout ratio (DPR) is presently 82.50%.

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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.

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